Veritex Holdings, Inc. (NASDAQ:VBTX) Insider Jim Recer Acquires 587 Shares of Stock


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Veritex Holdings, Inc. (NASDAQ:VBTX) insider Jim Recer bought 587 shares of the business’s stock in a transaction that occurred on Friday, April 30th. The stock was purchased at an average cost of $34.04 per share, with a total value of $19,981.48. Following the purchase, the insider now directly owns 587 shares in the company, valued at approximately $19,981.48. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ:VBTX opened at $34.51 on Tuesday. The firm has a market capitalization of $1.71 billion, a PE ratio of 21.84 and a beta of 1.77. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.07 and a quick ratio of 1.07. The business 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.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings results on Tuesday, April 27th. The financial services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.12. Veritex had a return on equity of 6.70% and a net margin of 21.03%. As a group, research analysts anticipate that Veritex Holdings, Inc. will post 1.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 20th. Stockholders of record on Thursday, May 6th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, May 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.97%. Veritex’s dividend payout ratio (DPR) is currently 29.69%.

VBTX has been the topic of several analyst reports. Raymond James raised their price objective on Veritex from $33.00 to $40.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 13th. Zacks Investment Research upgraded shares of Veritex from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, January 5th.

Several hedge funds have recently bought and sold shares of VBTX. Schroder Investment Management Group acquired a new stake in shares of Veritex in the fourth quarter valued at about $16,893,000. Rothschild & Co. Asset Management US Inc. acquired a new stake in shares of Veritex in the fourth quarter valued at about $11,933,000. Brown Advisory Inc. grew its stake in shares of Veritex by 36.2% in the fourth quarter. Brown Advisory Inc. now owns 1,667,721 shares of the financial services provider’s stock valued at $42,794,000 after buying an additional 443,633 shares in the last quarter. BlackRock Inc. grew its stake in shares of Veritex by 4.1% in the fourth quarter. BlackRock Inc. now owns 7,353,352 shares of the financial services provider’s stock valued at $188,688,000 after buying an additional 290,357 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its holdings in Veritex by 72.4% in the fourth quarter. Peregrine Capital Management LLC now owns 611,469 shares of the financial services provider’s stock valued at $15,690,000 after purchasing an additional 256,745 shares during the last quarter. Institutional investors and hedge funds own 79.16% of the company’s stock.

About Veritex

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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Insider Buying and Selling by Quarter for Veritex (NASDAQ:VBTX)

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