Price T Rowe Associates Inc. MD bought a new stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,252 shares of the financial services provider’s stock, valued at approximately $314,000.
A number of other institutional investors also recently added to or reduced their stakes in VBTX. US Bancorp DE purchased a new stake in shares of Veritex in the fourth quarter valued at $43,000. Veriti Management LLC acquired a new stake in shares of Veritex during the 4th quarter worth about $69,000. Prudent Man Advisors LLC purchased a new stake in shares of Veritex during the fourth quarter worth about $249,000. ProShare Advisors LLC purchased a new stake in shares of Veritex during the fourth quarter worth about $294,000. Finally, Citigroup Inc. raised its position in shares of Veritex by 156.3% in the fourth quarter. Citigroup Inc. now owns 15,808 shares of the financial services provider’s stock valued at $406,000 after buying an additional 9,640 shares during the last quarter. 79.16% of the stock is owned by institutional investors.
In other Veritex news, CEO C Malcolm Holland III sold 2,896 shares of the business’s stock in a transaction on Friday, February 5th. The shares were sold at an average price of $28.18, for a total value of $81,609.28. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Manuel J. Mehos sold 15,000 shares of the company’s stock in a transaction dated Monday, April 12th. The shares were sold at an average price of $34.18, for a total transaction of $512,700.00. Following the completion of the transaction, the director now directly owns 479,685 shares of the company’s stock, valued at $16,395,633.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,497 shares of company stock worth $2,493,102. 5.33% of the stock is currently owned by insiders.
Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Monday, January 25th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $75.78 million during the quarter, compared to the consensus estimate of $73.45 million. Veritex had a net margin of 21.03% and a return on equity of 6.70%. Research analysts anticipate that Veritex Holdings, Inc. will post 1.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 18th. Shareholders of record on Thursday, February 4th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Wednesday, February 3rd. Veritex’s dividend payout ratio (DPR) is presently 29.69%.
Several research firms have commented on VBTX. Raymond James lifted their target price on shares of Veritex from $33.00 to $40.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, April 13th. Zacks Investment Research raised Veritex from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Tuesday, January 5th. Finally, TheStreet raised shares of Veritex from a “c+” rating to a “b-” rating in a research note on Tuesday, December 22nd.
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, mortgage warehouse, commercial real estate, construction and land, 1-4 family residential, paycheck protection program, farmland and agricultural, multi-family residential, and consumer loans; and purchased receivables financing.
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