Thrivent Financial for Lutherans bought a new stake in Veritex Holdings Inc (NASDAQ:VBTX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 31,981 shares of the financial services provider’s stock, valued at approximately $684,000. Thrivent Financial for Lutherans owned about 0.13% of Veritex as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Veritex by 48.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,203 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 714 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Veritex in the third quarter worth $112,000. FNY Investment Advisers LLC acquired a new position in shares of Veritex in the fourth quarter worth $94,000. Panagora Asset Management Inc. acquired a new position in shares of Veritex in the third quarter worth $151,000. Finally, SG Americas Securities LLC acquired a new position in shares of Veritex in the fourth quarter worth $121,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

In related news, Director Mark C. Griege purchased 25,000 shares of Veritex stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $26.00 per share, with a total value of $650,000.00. Following the completion of the transaction, the director now directly owns 66,262 shares in the company, valued at $1,722,812. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Malcolm Holland III sold 3,750 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $28.11, for a total transaction of $105,412.50. Following the completion of the sale, the chief executive officer now directly owns 104,277 shares of the company’s stock, valued at $2,931,226.47. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by insiders.

Several equities analysts have commented on the stock. BidaskClub downgraded shares of Veritex from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. ValuEngine downgraded shares of Veritex from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Zacks Investment Research raised shares of Veritex from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, March 1st. Finally, Stephens set a $31.00 price objective on shares of Veritex and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Veritex presently has an average rating of “Hold” and a consensus target price of $32.00.

Veritex stock opened at $25.25 on Thursday. The firm has a market cap of $1.36 billion, a PE ratio of 15.09, a PEG ratio of 1.52 and a beta of 1.71. Veritex Holdings Inc has a 12-month low of $20.34 and a 12-month high of $33.08. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.00 and a quick ratio of 1.00.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The business had revenue of $32.31 million during the quarter, compared to analysts’ expectations of $30.73 million. Veritex had a net margin of 25.19% and a return on equity of 7.86%. As a group, sell-side analysts forecast that Veritex Holdings Inc will post 2.34 earnings per share for the current year.

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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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