Mendon Capital Advisors Corp Trims Stock Holdings in Veritex Holdings Inc (NASDAQ:VBTX)

Mendon Capital Advisors Corp reduced its position in Veritex Holdings Inc (NASDAQ:VBTX) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,043,538 shares of the financial services provider’s stock after selling 145,197 shares during the quarter. Veritex makes up about 8.3% of Mendon Capital Advisors Corp’s portfolio, making the stock its 2nd largest position. Mendon Capital Advisors Corp owned 3.82% of Veritex worth $53,030,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in shares of Veritex by 142.0% in the 1st quarter. Bank of Montreal Can now owns 1,929 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,132 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Veritex by 24.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,736 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 533 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Veritex by 39.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,316 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,220 shares in the last quarter. Hillcrest Wealth Advisors NY LLC bought a new position in Veritex during the first quarter worth $212,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Veritex by 131,057.1% during the first quarter. BNP Paribas Arbitrage SA now owns 9,181 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 9,174 shares in the last quarter. 78.13% of the stock is currently owned by institutional investors.

In other Veritex news, EVP Angela Harper sold 1,800 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $25.90, for a total value of $46,620.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Malcolm Holland III sold 2,500 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $25.88, for a total transaction of $64,700.00. Following the completion of the transaction, the chief executive officer now directly owns 101,777 shares in the company, valued at $2,633,988.76. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by company insiders.



VBTX has been the topic of several research analyst reports. ValuEngine lowered shares of Veritex from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Stephens set a $29.00 target price on shares of Veritex and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Raymond James cut their target price on shares of Veritex from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. BidaskClub lowered shares of Veritex from a “sell” rating to a “strong sell” rating in a research note on Friday, August 9th. Finally, Zacks Investment Research lowered shares of Veritex from a “buy” rating to a “sell” rating in a research note on Saturday, July 13th. Three research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $28.67.

NASDAQ VBTX traded up $0.06 on Friday, hitting $25.38. 208,822 shares of the company were exchanged, compared to its average volume of 253,932. Veritex Holdings Inc has a 12 month low of $20.34 and a 12 month high of $30.98. The company has a market cap of $1.36 billion, a PE ratio of 13.79 and a beta of 1.57. The stock has a fifty day moving average of $24.01 and a 200-day moving average of $25.47. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). Veritex had a net margin of 18.42% and a return on equity of 9.83%. The business had revenue of $77.48 million during the quarter, compared to the consensus estimate of $82.50 million. On average, analysts expect that Veritex Holdings Inc will post 2.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Wednesday, August 7th. Veritex’s dividend payout ratio (DPR) is 27.17%.

Veritex Company 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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