Veritex Holdings, Inc. $VBTX Shares Sold by Swiss National Bank

Swiss National Bank trimmed its stake in Veritex Holdings, Inc. (NASDAQ:VBTX) by 1.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 105,617 shares of the financial services provider’s stock after selling 1,400 shares during the quarter. Swiss National Bank owned approximately 0.19% of Veritex worth $2,637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Solutions 4 Wealth Ltd increased its holdings in shares of Veritex by 58.4% in the 1st quarter. Solutions 4 Wealth Ltd now owns 66,005 shares of the financial services provider’s stock worth $1,648,000 after acquiring an additional 24,335 shares during the period. Deutsche Bank AG boosted its stake in Veritex by 361.4% during the 1st quarter. Deutsche Bank AG now owns 219,807 shares of the financial services provider’s stock valued at $5,489,000 after purchasing an additional 172,171 shares during the period. Charles Schwab Investment Management Inc. grew its position in Veritex by 3.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 769,057 shares of the financial services provider’s stock worth $19,203,000 after purchasing an additional 27,783 shares during the last quarter. Vanguard Group Inc. grew its position in Veritex by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 3,931,593 shares of the financial services provider’s stock worth $98,172,000 after purchasing an additional 56,676 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Veritex in the first quarter valued at approximately $853,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

Insider Activity at Veritex

In other news, insider Cara Mcdaniel sold 10,000 shares of Veritex stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $32.53, for a total value of $325,300.00. Following the transaction, the insider owned 17,372 shares of the company’s stock, valued at $565,111.16. The trade was a 36.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO C Malcolm Holland III sold 125,762 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 294,508 shares in the company, valued at $9,500,828.08. The trade was a 29.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 320,699 shares of company stock worth $10,361,627. Company insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

VBTX has been the subject of several analyst reports. DA Davidson boosted their price objective on Veritex from $32.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Piper Sandler reaffirmed a “neutral” rating and set a $34.00 target price (up previously from $30.00) on shares of Veritex in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods boosted their price target on Veritex from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 22nd. William Blair raised Veritex to an “outperform” rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group initiated coverage on Veritex in a report on Monday, July 14th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.25.

Veritex Stock Performance

Shares of NASDAQ VBTX opened at $33.45 on Friday. The stock has a fifty day moving average price of $29.64 and a two-hundred day moving average price of $26.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $1.83 billion, a P/E ratio of 15.93 and a beta of 1.08. Veritex Holdings, Inc. has a 1 year low of $20.37 and a 1 year high of $33.69.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $109.83 million for the quarter, compared to the consensus estimate of $110.91 million. Veritex had a return on equity of 7.55% and a net margin of 14.83%.During the same quarter in the previous year, the business earned $0.52 EPS. Research analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, August 7th. Veritex’s dividend payout ratio is presently 41.90%.

Veritex Company 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.