Cwm LLC Has $345,000 Stock Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Cwm LLC increased its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 23.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,823 shares of the financial services provider’s stock after purchasing an additional 2,653 shares during the quarter. Cwm LLC’s holdings in Veritex were worth $345,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new position in Veritex in the 1st quarter valued at approximately $31,000. Quarry LP increased its position in Veritex by 117.0% in the 4th quarter. Quarry LP now owns 1,528 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 824 shares during the period. Aquatic Capital Management LLC acquired a new position in Veritex in the 4th quarter valued at approximately $143,000. Meeder Asset Management Inc. increased its position in Veritex by 9.8% in the 4th quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 481 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in Veritex in the 4th quarter valued at approximately $231,000. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VBTX has been the subject of several recent research reports. DA Davidson upped their price target on shares of Veritex from $32.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler restated a “neutral” rating and issued a $34.00 price target (up from $30.00) on shares of Veritex in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods upped their price target on shares of Veritex from $30.00 to $37.00 and gave the company a “market perform” rating in a research report on Tuesday. The Goldman Sachs Group started coverage on shares of Veritex in a research note on Monday, July 14th. They issued a “buy” rating on the stock. Finally, Raymond James Financial lowered shares of Veritex from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Veritex has an average rating of “Moderate Buy” and a consensus target price of $33.25.

Insider Activity at Veritex

In related news, EVP Angela Harper sold 47,716 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $32.37, for a total transaction of $1,544,566.92. Following the transaction, the executive vice president directly owned 59,683 shares of the company’s stock, valued at $1,931,938.71. This represents a 44.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Malcolm Holland III sold 125,762 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $32.26, for a total transaction of $4,057,082.12. Following the transaction, the chief executive officer directly owned 294,508 shares in the company, valued at approximately $9,500,828.08. This represents a 29.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 300,531 shares of company stock valued at $9,724,762 in the last ninety days. Insiders own 4.30% of the company’s stock.

Veritex Trading Up 1.3%

NASDAQ:VBTX opened at $32.51 on Friday. The firm’s fifty day moving average is $26.73 and its 200-day moving average is $25.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 0.94. Veritex Holdings, Inc. has a 52 week low of $20.10 and a 52 week high of $33.69. The firm has a market cap of $1.76 billion, a P/E ratio of 15.48 and a beta of 1.03.

Veritex (NASDAQ:VBTX) last issued its earnings results on Friday, July 18th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. The business had revenue of $109.83 million for the quarter, compared to analyst estimates of $110.91 million. Veritex had a net margin of 14.83% and a return on equity of 7.59%. During the same period in the prior year, the firm earned $0.52 earnings per share. Equities analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, August 7th. Veritex’s dividend payout ratio is presently 41.90%.

Veritex Profile

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, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.