BidaskClub upgraded shares of Veritex (NASDAQ:VBTX) from a hold rating to a buy rating in a report issued on Wednesday, BidAskClub reports.

Other research analysts have also recently issued reports about the stock. Stephens set a $31.00 target price on shares of Veritex and gave the stock a buy rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded shares of Veritex from a hold rating to a buy rating and set a $31.00 target price on the stock in a report on Friday, March 1st. Finally, ValuEngine upgraded shares of Veritex from a sell rating to a hold rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Veritex presently has an average rating of Buy and a consensus target price of $32.25.

VBTX stock opened at $26.24 on Wednesday. The stock has a market capitalization of $1.42 billion, a P/E ratio of 14.26, a P/E/G ratio of 1.49 and a beta of 1.72. Veritex has a 12 month low of $20.34 and a 12 month high of $33.08. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.27.

Veritex (NASDAQ:VBTX) last issued its earnings results on Monday, April 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. Veritex had a net margin of 16.31% and a return on equity of 9.11%. The company had revenue of $81.40 million for the quarter, compared to analysts’ expectations of $78.50 million. On average, equities research analysts expect that Veritex will post 2.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Wednesday, May 8th. Veritex’s dividend payout ratio is currently 27.17%.

In other news, CFO Terry Earley purchased 6,800 shares of the stock in a transaction dated Thursday, April 25th. The shares were acquired at an average cost of $25.88 per share, for a total transaction of $175,984.00. Following the acquisition, the chief financial officer now owns 23,700 shares of the company’s stock, valued at $613,356. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark C. Griege purchased 25,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $26.00 per share, for a total transaction of $650,000.00. Following the completion of the acquisition, the director now directly owns 66,262 shares in the company, valued at approximately $1,722,812. The disclosure for this purchase can be found here. Insiders bought a total of 51,571 shares of company stock worth $1,336,096 over the last 90 days. Company insiders own 4.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in VBTX. LS Investment Advisors LLC boosted its holdings in shares of Veritex by 92.1% in the 1st quarter. LS Investment Advisors LLC now owns 1,364 shares of the financial services provider’s stock valued at $33,000 after buying an additional 654 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Veritex by 142.0% in the 1st quarter. Bank of Montreal Can now owns 1,929 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,132 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Veritex by 48.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,203 shares of the financial services provider’s stock valued at $47,000 after buying an additional 714 shares in the last quarter. Neuburgh Advisers LLC boosted its holdings in shares of Veritex by 285.4% in the 1st quarter. Neuburgh Advisers LLC now owns 2,528 shares of the financial services provider’s stock valued at $61,000 after buying an additional 1,872 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Veritex by 24.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,736 shares of the financial services provider’s stock valued at $66,000 after buying an additional 533 shares in the last quarter. Institutional investors and hedge funds own 60.82% of the company’s stock.

About Veritex

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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