Veritex Holdings Inc (VBTX) Position Trimmed by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in shares of Veritex Holdings Inc (NASDAQ:VBTX) by 58.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,000 shares of the financial services provider’s stock after selling 83,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Veritex were worth $1,833,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its position in shares of Veritex by 20.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 82,613 shares of the financial services provider’s stock worth $2,286,000 after buying an additional 13,882 shares during the period. Northern Trust Corp lifted its holdings in shares of Veritex by 4.5% in the 1st quarter. Northern Trust Corp now owns 189,810 shares of the financial services provider’s stock worth $5,252,000 after purchasing an additional 8,147 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Veritex by 36.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 639,768 shares of the financial services provider’s stock worth $17,702,000 after purchasing an additional 170,247 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Veritex by 100.8% in the 1st quarter. Russell Investments Group Ltd. now owns 40,640 shares of the financial services provider’s stock worth $1,125,000 after purchasing an additional 20,399 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new position in shares of Veritex in the 1st quarter worth $459,000. 73.20% of the stock is owned by hedge funds and other institutional investors.

Shares of VBTX opened at $22.12 on Friday. Veritex Holdings Inc has a fifty-two week low of $20.99 and a fifty-two week high of $33.08. The stock has a market capitalization of $536.55 million, a P/E ratio of 15.72, a PEG ratio of 1.34 and a beta of 1.40. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 0.17.



Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.10). Veritex had a return on equity of 6.83% and a net margin of 23.12%. The firm had revenue of $31.69 million during the quarter, compared to analysts’ expectations of $30.50 million. Sell-side analysts expect that Veritex Holdings Inc will post 1.65 earnings per share for the current year.

Several brokerages have weighed in on VBTX. BidaskClub cut Veritex from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research cut Veritex from a “hold” rating to a “strong sell” rating in a research note on Friday. ValuEngine cut Veritex from a “hold” rating to a “sell” rating in a research note on Wednesday. Sandler O’Neill reiterated a “buy” rating and set a $37.00 target price on shares of Veritex in a research note on Thursday, July 26th. Finally, Raymond James lowered their target price on Veritex from $33.00 to $29.00 and set an “outperform” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. Veritex currently has a consensus rating of “Hold” and an average price target of $34.00.

In other Veritex news, CEO C Malcolm Holland III sold 3,750 shares of Veritex stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $30.60, for a total transaction of $114,750.00. Following the completion of the transaction, the chief executive officer now owns 92,252 shares of the company’s stock, valued at approximately $2,822,911.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.70% of the stock is owned by insiders.

Veritex Profile

Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.

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Institutional Ownership by Quarter for Veritex (NASDAQ:VBTX)

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