Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC lessened its position in Veritex Holdings, Inc. (NASDAQ:VBTX) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 561,142 shares of the financial services provider’s stock after selling 9,443 shares during the quarter. Curi RMB Capital LLC owned about 1.03% of Veritex worth $14,769,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VBTX. Westwood Holdings Group Inc. lifted its holdings in Veritex by 16.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,668,743 shares of the financial services provider’s stock valued at $34,193,000 after purchasing an additional 235,154 shares in the last quarter. Vanguard Group Inc. boosted its position in Veritex by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,795,336 shares of the financial services provider’s stock worth $77,766,000 after acquiring an additional 23,222 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in Veritex during the 2nd quarter valued at about $566,000. Renaissance Technologies LLC acquired a new stake in Veritex in the 2nd quarter valued at about $730,000. Finally, AQR Capital Management LLC lifted its stake in Veritex by 66.5% in the 2nd quarter. AQR Capital Management LLC now owns 424,106 shares of the financial services provider’s stock worth $8,944,000 after purchasing an additional 169,448 shares in the last quarter. 88.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VBTX. DA Davidson upped their price target on Veritex from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Stephens upped their target price on Veritex from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Raymond James upgraded Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Tuesday, September 17th. Piper Sandler upped their price objective on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods cut shares of Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Veritex currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

Insiders Place Their Bets

In other news, Director John Sughrue sold 16,820 shares of Veritex stock in a transaction on Monday, November 11th. The stock was sold at an average price of $30.25, for a total value of $508,805.00. Following the completion of the sale, the director now directly owns 62,643 shares of the company’s stock, valued at approximately $1,894,950.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Veritex news, CEO C Malcolm Holland III sold 12,777 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $27.69, for a total transaction of $353,795.13. Following the sale, the chief executive officer now directly owns 224,132 shares in the company, valued at $6,206,215.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Sughrue sold 16,820 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $30.25, for a total transaction of $508,805.00. Following the completion of the transaction, the director now owns 62,643 shares of the company’s stock, valued at approximately $1,894,950.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is owned by insiders.

Veritex Stock Performance

NASDAQ VBTX opened at $29.88 on Thursday. The stock has a market cap of $1.63 billion, a PE ratio of 19.15 and a beta of 1.36. Veritex Holdings, Inc. has a twelve month low of $18.08 and a twelve month high of $30.86. The stock has a fifty day simple moving average of $26.47 and a 200-day simple moving average of $23.41. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14.

Veritex (NASDAQ:VBTX) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. The company had revenue of $113.17 million during the quarter, compared to analyst estimates of $110.22 million. Veritex had a net margin of 11.11% and a return on equity of 7.79%. Veritex’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. Equities analysts anticipate that Veritex Holdings, Inc. will post 2.17 earnings per share for the current year.

Veritex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, November 8th. Veritex’s payout ratio is 51.28%.

Veritex Company Profile

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