Texas Permanent School Fund Corp cut its position in Veritex Holdings, Inc. (NASDAQ:VBTX – Free Report) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,744 shares of the financial services provider’s stock after selling 710 shares during the quarter. Texas Permanent School Fund Corp owned about 0.09% of Veritex worth $856,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Middle East FZE bought a new stake in shares of Veritex in the fourth quarter valued at about $31,000. Quarry LP boosted its holdings in Veritex by 323.2% in the 1st quarter. Quarry LP now owns 1,676 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,280 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Veritex during the 1st quarter worth approximately $33,000. Point72 Hong Kong Ltd bought a new position in shares of Veritex during the first quarter worth approximately $41,000. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Veritex during the fourth quarter worth approximately $41,000. 87.29% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Veritex
In related news, Director Gregory B. Morrison bought 1,734 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were purchased at an average price of $17.30 per share, with a total value of $29,998.20. Following the completion of the purchase, the director now owns 29,636 shares in the company, valued at approximately $512,702.80. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.30% of the stock is owned by insiders.
Analyst Ratings Changes
Veritex Stock Up 1.2 %
NASDAQ VBTX opened at $19.56 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.99 and a quick ratio of 0.98. Veritex Holdings, Inc. has a fifty-two week low of $14.88 and a fifty-two week high of $32.94. The stock has a market capitalization of $1.06 billion, a PE ratio of 7.38 and a beta of 1.41. The business has a fifty day moving average price of $18.13 and a two-hundred day moving average price of $18.61.
Veritex (NASDAQ:VBTX – Get Free Report) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The business had revenue of $109.04 million during the quarter, compared to the consensus estimate of $111.60 million. Veritex had a net margin of 19.48% and a return on equity of 10.19%. Equities analysts expect that Veritex Holdings, Inc. will post 2.65 earnings per share for the current fiscal year.
Veritex Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Thursday, November 9th. Veritex’s dividend payout ratio is 30.19%.
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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