Wells Fargo & Company MN grew its stake in Veritex Holdings Inc (NASDAQ:VBTX) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 480,585 shares of the financial services provider’s stock after purchasing an additional 19,144 shares during the period. Wells Fargo & Company MN owned about 0.95% of Veritex worth $6,714,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of VBTX. Amalgamated Bank lifted its stake in shares of Veritex by 4.7% in the fourth quarter. Amalgamated Bank now owns 9,010 shares of the financial services provider’s stock valued at $262,000 after buying an additional 407 shares during the period. UBS Group AG raised its holdings in Veritex by 1.7% in the 4th quarter. UBS Group AG now owns 50,400 shares of the financial services provider’s stock valued at $1,468,000 after acquiring an additional 834 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Veritex by 5.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 19,099 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Veritex by 51.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,142 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 1,406 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Veritex by 24.8% during the 4th quarter. Bank of Montreal Can now owns 8,087 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 1,609 shares in the last quarter. Institutional investors own 80.17% of the company’s stock.
Shares of NASDAQ:VBTX opened at $17.22 on Wednesday. The company’s fifty day moving average is $17.15 and its 200-day moving average is $21.30. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.12 and a current ratio of 1.12. Veritex Holdings Inc has a 52 week low of $10.02 and a 52 week high of $29.41. The company has a market capitalization of $816.64 million, a PE ratio of 10.50 and a beta of 1.89.
Veritex (NASDAQ:VBTX) last announced its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.38). The firm had revenue of $74.65 million for the quarter, compared to the consensus estimate of $74.83 million. Veritex had a net margin of 21.90% and a return on equity of 8.02%. On average, analysts forecast that Veritex Holdings Inc will post 1.45 EPS for the current year.
In other news, Director Steven D. Lerner sold 4,575 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $20.41, for a total value of $93,375.75. Following the transaction, the director now directly owns 35,644 shares of the company’s stock, valued at approximately $727,494.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.33% of the company’s stock.
A number of equities research analysts have weighed in on VBTX shares. ValuEngine downgraded shares of Veritex from a “hold” rating to a “sell” rating in a research note on Friday, March 6th. Raymond James reissued an “outperform” rating and issued a $22.00 target price (up previously from $19.00) on shares of Veritex in a research note on Thursday, April 30th. Zacks Investment Research restated a “sell” rating on shares of Veritex in a research note on Sunday, May 3rd. Finally, BidaskClub downgraded Veritex from a “hold” rating to a “sell” rating in a report on Thursday, June 18th. Three equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Veritex has a consensus rating of “Hold” and an average target price of $29.33.
Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.
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