Posted by admin on Aug 18th, 2022 
Commerce Bank bought a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,521 shares of the financial services provider’s stock, valued at approximately $364,000.
Several other institutional investors also recently bought and sold shares of the stock. KBC Group NV purchased a new stake in shares of Veritex during the fourth quarter worth about $122,000. Nisa Investment Advisors LLC increased its stake in shares of Veritex by 91.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,450 shares of the financial services provider’s stock valued at $219,000 after buying an additional 2,600 shares during the period. CFO4Life Group LLC bought a new position in shares of Veritex during the fourth quarter valued at approximately $219,000. Versor Investments LP purchased a new stake in shares of Veritex in the 1st quarter worth about $218,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in Veritex in the first quarter worth about $262,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.
VBTX opened at $33.43 on Thursday. The firm has a market cap of $1.80 billion, a PE ratio of 12.20 and a beta of 1.46. The stock has a 50-day moving average price of $30.68 and a 200-day moving average price of $34.70. Veritex Holdings, Inc. has a 1 year low of $26.99 and a 1 year high of $45.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04.
Veritex (NASDAQ:VBTX – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.14). Veritex had a net margin of 35.73% and a return on equity of 10.32%. The firm had revenue of $94.86 million for the quarter, compared to analysts’ expectations of $98.34 million. During the same quarter in the previous year, the company earned $0.60 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. Sell-side analysts predict that Veritex Holdings, Inc. will post 2.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Thursday, August 11th. Veritex’s payout ratio is currently 29.20%.
VBTX has been the subject of several research reports. StockNews.com lowered Veritex from a “hold” rating to a “sell” rating in a research report on Thursday, July 28th. Raymond James downgraded shares of Veritex from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $43.00 to $38.00 in a research report on Thursday, July 7th. Finally, Piper Sandler lowered their price target on shares of Veritex to $39.00 in a research report on Monday, July 4th.
In other Veritex news, CEO C Malcolm Holland III sold 5,528 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $35.05, for a total transaction of $193,756.40. Following the transaction, the chief executive officer now owns 154,431 shares in the company, valued at approximately $5,412,806.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Terry Earley acquired 1,180 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was bought at an average price of $30.50 per share, with a total value of $35,990.00. Following the completion of the acquisition, the chief financial officer now directly owns 7,980 shares of the company’s stock, valued at approximately $243,390. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Malcolm Holland III sold 5,528 shares of the stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $35.05, for a total value of $193,756.40. Following the completion of the transaction, the chief executive officer now directly owns 154,431 shares in the company, valued at approximately $5,412,806.55. The disclosure for this sale can be found here. 3.38% of the stock is owned by corporate insiders.
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Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, consumer, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.
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