Veritex Holdings, Inc. (NASDAQ:VBTX) CFO Terry Earley Purchases 1,180 Shares of Stock

Posted by MarketBeat News on Aug 2nd, 2022

Veritex Holdings, Inc. (NASDAQ:VBTX – Get Rating) CFO Terry Earley acquired 1,180 shares of Veritex stock in a transaction on Friday, July 29th. The stock was acquired at an average cost of $30.50 per share, for a total transaction of $35,990.00. Following the purchase, the chief financial officer now owns 7,980 shares of the company’s stock, valued at approximately $243,390. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Veritex Trading Up 2.2 %

NASDAQ:VBTX opened at $31.62 on Tuesday. Veritex Holdings, Inc. has a 1-year low of $26.99 and a 1-year high of $45.36. The business’s 50-day moving average price is $31.10 and its two-hundred day moving average price is $35.32. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.54 and a beta of 1.46.

Veritex (NASDAQ:VBTX – Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.14). Veritex had a return on equity of 10.32% and a net margin of 35.73%. The business had revenue of $94.86 million for the quarter, compared to analyst estimates of $98.34 million. During the same period in the previous year, the business posted $0.60 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts expect that Veritex Holdings, Inc. will post 2.92 earnings per share for the current year.

Veritex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.80 dividend on an annualized basis and a yield of 2.53%. Veritex’s payout ratio is 29.20%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its holdings in shares of Veritex by 12.3% during the fourth quarter. Russell Investments Group Ltd. now owns 24,371 shares of the financial services provider’s stock worth $969,000 after acquiring an additional 2,676 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Veritex in the 4th quarter valued at about $2,755,000. Yousif Capital Management LLC bought a new stake in shares of Veritex in the fourth quarter valued at about $1,898,000. Dupont Capital Management Corp boosted its position in shares of Veritex by 124.8% during the fourth quarter. Dupont Capital Management Corp now owns 22,863 shares of the financial services provider’s stock worth $909,000 after buying an additional 12,693 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in shares of Veritex during the fourth quarter worth about $1,620,000. Institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VBTX shares. StockNews.com lowered Veritex from a “hold” rating to a “sell” rating in a research note on Thursday, July 28th. Raymond James lowered Veritex from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $43.00 to $38.00 in a research note on Thursday, July 7th. Finally, Piper Sandler cut their price target on Veritex to $39.00 in a research note on Monday, July 4th.

About Veritex

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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, consumer, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.