Veritex Holdings, Inc. (NASDAQ:VBTX) insider Jim Recer acquired 587 shares of the company’s stock in a transaction that occurred on Friday, April 30th. The shares were acquired at an average cost of $34.04 per share, with a total value of $19,981.48. Following the purchase, the insider now owns 587 shares in the company, valued at approximately $19,981.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Veritex stock traded up $0.73 during mid-day trading on Monday, hitting $34.51. The stock had a trading volume of 217,632 shares, compared to its average volume of 291,324. The firm has a 50-day moving average of $33.34 and a two-hundred day moving average of $27.40. Veritex Holdings, Inc. has a 12-month low of $13.44 and a 12-month high of $34.85. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.03. The firm has a market cap of $1.71 billion, a P/E ratio of 21.84 and a beta of 1.77.
Veritex (NASDAQ:VBTX) last posted its quarterly earnings results on Tuesday, April 27th. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.12. Veritex had a net margin of 21.03% and a return on equity of 6.70%. Sell-side analysts expect that Veritex Holdings, Inc. will post 1.45 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of VBTX. Schroder Investment Management Group purchased a new stake in shares of Veritex in the 4th quarter valued at approximately $16,893,000. Rothschild & Co. Asset Management US Inc. acquired a new position in shares of Veritex in the 4th quarter worth approximately $11,933,000. Brown Advisory Inc. lifted its holdings in shares of Veritex by 36.2% in the 4th quarter. Brown Advisory Inc. now owns 1,667,721 shares of the financial services provider’s stock worth $42,794,000 after acquiring an additional 443,633 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Veritex by 4.1% in the 4th quarter. BlackRock Inc. now owns 7,353,352 shares of the financial services provider’s stock worth $188,688,000 after acquiring an additional 290,357 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its holdings in shares of Veritex by 72.4% in the 4th quarter. Peregrine Capital Management LLC now owns 611,469 shares of the financial services provider’s stock worth $15,690,000 after acquiring an additional 256,745 shares during the last quarter. 79.16% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on VBTX. Raymond James upped their price objective on shares of Veritex from $33.00 to $40.00 and gave the company a “strong-buy” rating in a research note on Tuesday, April 13th. Zacks Investment Research raised shares of Veritex from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Tuesday, January 5th.
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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