John Sughrue Buys 4,000 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) Stock

Veritex Holdings, Inc. (NASDAQ:VBTXGet Rating) Director John Sughrue acquired 4,000 shares of the business’s stock in a transaction on Monday, May 2nd. The stock was acquired at an average price of $33.52 per share, with a total value of $134,080.00. Following the acquisition, the director now owns 70,677 shares in the company, valued at approximately $2,369,093.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ:VBTX opened at $34.60 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $1.87 billion, a P/E ratio of 12.40 and a beta of 1.49. The company has a 50 day moving average price of $37.41 and a 200 day moving average price of $39.52. Veritex Holdings, Inc. has a fifty-two week low of $27.28 and a fifty-two week high of $45.36.

Veritex (NASDAQ:VBTXGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The financial services provider reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.01). Veritex had a return on equity of 10.64% and a net margin of 37.12%. During the same quarter in the previous year, the firm posted $0.64 EPS. Research analysts forecast that Veritex Holdings, Inc. will post 2.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, May 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.31%. Veritex’s payout ratio is currently 28.67%.

VBTX has been the subject of a number of recent research reports. Piper Sandler cut their price objective on shares of Veritex from $49.00 to $46.00 and set an “overweight” rating for the company in a report on Wednesday, March 9th. Zacks Investment Research cut shares of Veritex from a “buy” rating to a “hold” rating in a research note on Friday, March 11th. Raymond James increased their price target on shares of Veritex from $46.00 to $49.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 27th. StockNews.com started coverage on shares of Veritex in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, DA Davidson reissued a “buy” rating on shares of Veritex in a research note on Wednesday, January 26th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $46.25.

Several large investors have recently bought and sold shares of the stock. River Oaks Capital LLC purchased a new position in shares of Veritex during the 4th quarter worth approximately $2,793,000. State Street Corp boosted its position in shares of Veritex by 4.8% during the 4th quarter. State Street Corp now owns 2,157,024 shares of the financial services provider’s stock worth $85,806,000 after purchasing an additional 98,328 shares during the period. Westwood Holdings Group Inc. boosted its position in Veritex by 24.0% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,973,846 shares of the financial services provider’s stock valued at $78,520,000 after buying an additional 381,440 shares during the period. William Blair Investment Management LLC grew its stake in shares of Veritex by 48,249.5% in the third quarter. William Blair Investment Management LLC now owns 1,300,602 shares of the financial services provider’s stock worth $51,192,000 after acquiring an additional 1,297,912 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Veritex by 9.0% during the third quarter. Wellington Management Group LLP now owns 1,119,264 shares of the financial services provider’s stock worth $44,054,000 after acquiring an additional 92,049 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

About Veritex (Get Rating)

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 real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, consumer, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.

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