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.
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.
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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