Analysts Set Veritex Holdings, Inc. (NASDAQ:VBTX) PT at $33.25

Veritex Holdings, Inc. (NASDAQ:VBTX) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $33.25.

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Veritex in a research note on Wednesday, October 8th. DA Davidson upped their price objective on shares of Veritex from $32.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Veritex from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 22nd.

Insider Activity at Veritex

In other Veritex news, Director Arcilia Acosta sold 3,617 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $34.33, for a total transaction of $124,171.61. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Angela Harper sold 2,527 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $33.68, for a total value of $85,109.36. Following the completion of the transaction, the executive vice president owned 53,991 shares of the company’s stock, valued at approximately $1,818,416.88. The trade was a 4.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.30% of the company’s stock.

Institutional Trading of Veritex

A number of hedge funds have recently modified their holdings of the business. Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Veritex in the 1st quarter worth $6,621,000. CWM LLC increased its position in Veritex by 23.8% during the first quarter. CWM LLC now owns 13,823 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 2,653 shares during the last quarter. Foundry Partners LLC bought a new position in Veritex in the first quarter valued at about $381,000. Wellington Management Group LLP boosted its position in Veritex by 3.2% in the first quarter. Wellington Management Group LLP now owns 626,638 shares of the financial services provider’s stock worth $15,647,000 after purchasing an additional 19,689 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Veritex during the 2nd quarter valued at about $283,000. Institutional investors own 88.31% of the company’s stock.

Veritex Stock Up 1.0%

NASDAQ VBTX opened at $30.26 on Friday. Veritex has a 1 year low of $20.37 and a 1 year high of $34.96. The stock has a market capitalization of $1.66 billion, a PE ratio of 14.41 and a beta of 1.06. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day moving average is $31.77 and its 200 day moving average is $29.68.

Veritex (NASDAQ:VBTX) last released its quarterly earnings results on Thursday, March 3rd. The financial services provider reported $0.64 EPS for the quarter. The business had revenue of $64.03 million during the quarter. Veritex had a return on equity of 7.55% and a net margin of 14.83%. Sell-side analysts forecast that Veritex will post 2.26 earnings per share for the current year.

Veritex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $0.22 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 annualized dividend and a yield of 2.9%. Veritex’s dividend payout ratio (DPR) is 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.