Northern Trust Corp boosted its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 28.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,582 shares of the financial services provider’s stock after acquiring an additional 35,520 shares during the quarter. Northern Trust Corp owned about 1.06% of Veritex worth $4,227,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund grew its stake in Veritex by 75.0% during the 2nd quarter. New York State Common Retirement Fund now owns 16,100 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 6,899 shares in the last quarter. Nationwide Fund Advisors grew its stake in shares of Veritex by 31.8% in the 2nd quarter. Nationwide Fund Advisors now owns 8,819 shares of the financial services provider’s stock valued at $232,000 after buying an additional 2,128 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Veritex by 50.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 38,654 shares of the financial services provider’s stock valued at $1,018,000 after buying an additional 12,930 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Veritex by 45.6% in the 2nd quarter. Teachers Advisors LLC now owns 25,647 shares of the financial services provider’s stock valued at $675,000 after buying an additional 8,031 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Veritex by 4.1% in the 2nd quarter. Wells Fargo & Company MN now owns 12,596 shares of the financial services provider’s stock valued at $332,000 after buying an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 65.78% of the company’s stock.
Veritex Holdings, Inc. (VBTX) traded down $0.14 during trading on Wednesday, reaching $27.53. The company had a trading volume of 57,385 shares, compared to its average volume of 90,863. The company has a market capitalization of $636.88, a PE ratio of 28.69, a price-to-earnings-growth ratio of 2.85 and a beta of 1.62. Veritex Holdings, Inc. has a fifty-two week low of $20.09 and a fifty-two week high of $29.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03.
Veritex (NASDAQ:VBTX) last released its earnings results on Monday, October 23rd. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). Veritex had a net margin of 21.85% and a return on equity of 5.30%. The company had revenue of $21.11 million during the quarter, compared to analyst estimates of $20.80 million. research analysts predict that Veritex Holdings, Inc. will post 0.99 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the company. Stephens set a $32.00 target price on Veritex and gave the stock a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded Veritex from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $29.50 target price (up from $29.00) on shares of Veritex in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Veritex presently has an average rating of “Hold” and a consensus target price of $31.83.
In other news, insider Ned N. Fleming III sold 16,503 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $26.76, for a total transaction of $441,620.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ned N. Fleming III sold 50,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $26.93, for a total value of $1,346,500.00. The disclosure for this sale can be found here. Insiders sold 309,700 shares of company stock worth $8,226,718 in the last three months. Insiders own 6.90% of the company’s stock.
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Veritex 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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