Veritex (NASDAQ:VBTX) Director Arcilia Acosta Sells 3,617 Shares

Veritex Holdings, Inc. (NASDAQ:VBTX) Director Arcilia Acosta sold 3,617 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $34.33, for a total value of $124,171.61. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Arcilia Acosta also recently made the following trade(s):

• On Thursday, July 24th, Arcilia Acosta sold 51,316 shares of Veritex stock. The shares were sold at an average price of $32.22, for a total value of $1,653,401.52.
• On Tuesday, July 29th, Arcilia Acosta sold 7,279 shares of Veritex stock. The stock was sold at an average price of $32.14, for a total value of $233,947.06.

Veritex Trading Up 1.0%

NASDAQ:VBTX opened at $30.26 on Thursday. 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 firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 14.41 and a beta of 1.06. Veritex Holdings, Inc. has a one year low of $20.37 and a one year high of $34.96. The business has a fifty day moving average price of $33.00 and a 200-day moving average price of $28.47.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Thursday, March 3rd. The financial services provider reported $0.64 EPS for the quarter. The firm 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 Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, September 16th. Veritex’s dividend payout ratio is 41.90%.

Wall Street Analysts Forecast Growth

VBTX has been the subject of several analyst reports. William Blair upgraded Veritex to an “outperform” rating in a research note on Monday, July 14th. Piper Sandler restated a “neutral” rating and issued a $34.00 price objective (up from $30.00) on shares of Veritex in a research note on Wednesday, July 16th. The Goldman Sachs Group assumed coverage on Veritex in a research note on Monday, July 14th. They issued a “buy” rating for the company. DA Davidson increased their price target on Veritex from $32.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Veritex in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.25.

Institutional Investors Weigh In On Veritex

A number of institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in shares of Veritex by 50.6% during the second quarter. Smartleaf Asset Management LLC now owns 1,042 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 350 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Veritex during the first quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its position in shares of Veritex by 260.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,571 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,135 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Veritex by 28.9% during the second quarter. GAMMA Investing LLC now owns 4,513 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Veritex during the first quarter valued at about $135,000. Hedge funds and other institutional investors own 88.31% of the company’s stock.

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.