Envestnet Asset Management Inc. Sells 996 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Envestnet Asset Management Inc. lowered its position in Veritex Holdings, Inc. (NASDAQ:VBTX – Get Rating) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,835 shares of the financial services provider’s stock after selling 996 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Veritex worth $1,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VBTX. LPL Financial LLC lifted its holdings in Veritex by 2.1% during the second quarter. LPL Financial LLC now owns 14,987 shares of the financial services provider’s stock worth $439,000 after acquiring an additional 313 shares during the period. Glenmede Trust Co. NA boosted its position in Veritex by 2.4% during the third quarter. Glenmede Trust Co. NA now owns 15,914 shares of the financial services provider’s stock worth $422,000 after purchasing an additional 373 shares during the period. Yousif Capital Management LLC boosted its holdings in Veritex by 0.8% in the 1st quarter. Yousif Capital Management LLC now owns 48,088 shares of the financial services provider’s stock worth $1,836,000 after buying an additional 382 shares during the period. CWM LLC raised its stake in shares of Veritex by 65.7% during the 4th quarter. CWM LLC now owns 1,077 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 427 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of Veritex by 1.2% in the third quarter. New York State Common Retirement Fund now owns 37,748 shares of the financial services provider’s stock valued at $1,004,000 after acquiring an additional 455 shares during the period. Institutional investors own 85.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VBTX shares. TheStreet downgraded Veritex from a “b-” rating to a “c+” rating in a research report on Monday, May 1st. Piper Sandler lowered their price target on shares of Veritex from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, January 26th. Stephens reduced their price target on Veritex from $33.00 to $31.00 in a research report on Thursday, January 26th. Finally, StockNews.com upgraded Veritex from a “sell” rating to a “hold” rating in a research report on Sunday, May 14th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $35.00.

Insider Buying and Selling

In other news, Director Fallon William bought 2,000 shares of Veritex stock in a transaction dated Wednesday, May 10th. The shares were purchased at an average cost of $15.68 per share, with a total value of $31,360.00. Following the completion of the acquisition, the director now owns 15,713 shares of the company’s stock, valued at approximately $246,379.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Fallon William purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was bought at an average price of $15.68 per share, for a total transaction of $31,360.00. Following the completion of the transaction, the director now owns 15,713 shares in the company, valued at approximately $246,379.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pat S. Bolin acquired 10,000 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were bought at an average price of $17.52 per share, for a total transaction of $175,200.00. Following the completion of the transaction, the director now owns 34,668 shares of the company’s stock, valued at $607,383.36. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 14,520 shares of company stock worth $251,636. 3.38% of the stock is owned by insiders.

Veritex Stock Performance

Shares of VBTX stock opened at $16.85 on Friday. The company has a 50 day moving average price of $17.49 and a 200-day moving average price of $24.62. Veritex Holdings, Inc. has a 52 week low of $14.88 and a 52 week high of $35.22. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $914.11 million, a PE ratio of 6.11 and a beta of 1.43.

Veritex (NASDAQ:VBTX – Get Rating) last released its earnings results on Tuesday, April 25th. The financial services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $116.92 million for the quarter, compared to analysts’ expectations of $117.65 million. Veritex had a net margin of 25.64% and a return on equity of 10.87%. As a group, equities research analysts expect that Veritex Holdings, Inc. will post 2.97 earnings per share for the current year.

Veritex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 25th. Investors of record on Thursday, May 11th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, May 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.75%. Veritex’s dividend payout ratio is 28.99%.

About Veritex

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Veritex Holdings, Inc engages in the provision of commercial banking products and services to small to medium-sized businesses and professionals. It offers personal and business banking products, mortgages, and treasury services. The company was founded by Charles Malcolm Holland III in June 2009 and is headquartered in Dallas, TX.