BidaskClub upgraded shares of Veritex (NASDAQ:VBTX) from a strong sell rating to a sell rating in a report published on Monday.

A number of other brokerages have also issued reports on VBTX. Zacks Investment Research lowered Veritex from a hold rating to a sell rating in a research note on Friday, October 27th. Keefe, Bruyette & Woods assumed coverage on Veritex in a research report on Tuesday, January 16th. They set an outperform rating and a $33.00 price objective for the company. Finally, Piper Jaffray Companies upgraded Veritex from a neutral rating to an overweight rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. Veritex presently has a consensus rating of Buy and a consensus price target of $32.30.

Shares of Veritex (VBTX) opened at $27.45 on Monday. Veritex has a 12 month low of $23.84 and a 12 month high of $29.43. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $686.65, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.53.

In other news, Vice Chairman William C. Murphy sold 55,690 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $28.93, for a total transaction of $1,611,111.70. Following the completion of the transaction, the insider now owns 37,111 shares in the company, valued at $1,073,621.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ned N. Fleming III sold 92,711 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $26.00, for a total value of $2,410,486.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 178,060 shares of company stock valued at $4,809,255. Company insiders own 6.90% of the company’s stock.

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Veritex during the third quarter valued at about $145,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Veritex during the third quarter valued at about $236,000. Nationwide Fund Advisors grew its position in shares of Veritex by 31.8% during the second quarter. Nationwide Fund Advisors now owns 8,819 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 2,128 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Veritex in the 2nd quarter valued at about $259,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Veritex by 52.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,518 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 4,304 shares during the last quarter. Hedge funds and other institutional investors own 62.10% of the company’s stock.

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Veritex Company Profile

Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.

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