Peregrine Capital Management LLC Purchases 4,337 Shares of Veritex Holdings Inc (NASDAQ:VBTX)

Peregrine Capital Management LLC grew its stake in shares of Veritex Holdings Inc (NASDAQ:VBTX) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 300,368 shares of the financial services provider’s stock after buying an additional 4,337 shares during the quarter. Peregrine Capital Management LLC’s holdings in Veritex were worth $5,317,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VBTX. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Veritex by 51.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,142 shares of the financial services provider’s stock valued at $58,000 after buying an additional 1,406 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Veritex during the 1st quarter valued at $72,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Veritex by 75.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,285 shares of the financial services provider’s stock valued at $129,000 after buying an additional 3,143 shares in the last quarter. Patriot Financial Partners GP LP purchased a new stake in shares of Veritex during the 1st quarter valued at $175,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Veritex by 311,500.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,232 shares of the financial services provider’s stock valued at $183,000 after buying an additional 6,230 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

In related news, Director Steven D. Lerner sold 4,575 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $20.41, for a total transaction of $93,375.75. Following the sale, the director now owns 35,644 shares of the company’s stock, valued at $727,494.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.33% of the company’s stock.

VBTX stock opened at $16.72 on Friday. The firm’s 50-day moving average price is $16.89 and its two-hundred day moving average price is $19.43. Veritex Holdings Inc has a 12-month low of $10.02 and a 12-month high of $29.41. The stock has a market capitalization of $842.34 million, a price-to-earnings ratio of 10.26 and a beta of 1.91. The company has a current ratio of 1.00, a quick ratio of 1.12 and a debt-to-equity ratio of 1.06.

Veritex (NASDAQ:VBTX) last announced its earnings results on Tuesday, July 28th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $87.05 million for the quarter, compared to analyst estimates of $76.10 million. Veritex had a net margin of 21.27% and a return on equity of 7.16%. Equities analysts predict that Veritex Holdings Inc will post 1.38 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Wednesday, August 5th. Veritex’s payout ratio is 29.69%.

A number of equities analysts recently commented on VBTX shares. BidaskClub cut shares of Veritex from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Raymond James reiterated an “outperform” rating and issued a $22.00 target price (up previously from $19.00) on shares of Veritex in a research report on Thursday, April 30th. Zacks Investment Research upgraded shares of Veritex from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Piper Sandler decreased their target price on shares of Veritex from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Veritex has a consensus rating of “Hold” and a consensus price target of $27.50.

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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