New York State Common Retirement Fund grew its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 75.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,100 shares of the financial services provider’s stock after purchasing an additional 6,899 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Veritex Holdings worth $424,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Kennedy Capital Management Inc. lifted its stake in shares of Veritex Holdings by 76.6% during the second quarter. Kennedy Capital Management Inc. now owns 331,285 shares of the financial services provider’s stock worth $8,723,000 after purchasing an additional 143,718 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Veritex Holdings during the second quarter worth about $259,000. First Trust Advisors LP lifted its stake in shares of Veritex Holdings by 224.2% during the second quarter. First Trust Advisors LP now owns 34,672 shares of the financial services provider’s stock worth $913,000 after purchasing an additional 23,977 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Veritex Holdings by 66.4% during the second quarter. Rhumbline Advisers now owns 14,807 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 5,911 shares in the last quarter. Finally, Northpointe Capital LLC lifted its stake in shares of Veritex Holdings by 19.6% during the second quarter. Northpointe Capital LLC now owns 349,386 shares of the financial services provider’s stock worth $9,199,000 after purchasing an additional 57,321 shares in the last quarter. Institutional investors own 52.56% of the company’s stock.
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Veritex Holdings, Inc. (NASDAQ:VBTX) opened at $26.03 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12. Veritex Holdings, Inc. has a one year low of $18.74 and a one year high of $29.43. The company has a market capitalization of $585.02, a PE ratio of 26.36, a P/E/G ratio of 2.62 and a beta of 1.63.
Veritex Holdings (NASDAQ:VBTX) last announced its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). The firm had revenue of $21.11 million during the quarter, compared to the consensus estimate of $20.80 million. Veritex Holdings had a net margin of 21.85% and a return on equity of 5.30%. analysts forecast that Veritex Holdings, Inc. will post 0.99 EPS for the current year.
VBTX has been the topic of several recent analyst reports. Zacks Investment Research cut Veritex Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. BidaskClub cut Veritex Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Stephens set a $32.00 price target on Veritex Holdings and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $29.50 price target (up previously from $29.00) on shares of Veritex Holdings in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $31.83.
In other news, insider Michael Clayton Riebe acquired 1,950 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $25.19 per share, with a total value of $49,120.50. Following the completion of the acquisition, the insider now directly owns 4,686 shares in the company, valued at $118,040.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ned N. Fleming III sold 19,800 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $26.12, for a total value of $517,176.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 437,089 shares of company stock valued at $11,510,626. 6.90% of the stock is owned by corporate insiders.
Veritex Holdings Company Profile
Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.
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