Arcilia Acosta Sells 3,617 Shares of Veritex (NASDAQ:VBTX) Stock

Veritex Holdings, Inc. (NASDAQ:VBTX) Director Arcilia Acosta sold 3,617 shares of Veritex stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $34.33, for a total value of $124,171.61. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Arcilia Acosta also recently made the following trade(s):

• On Thursday, July 24th, Arcilia Acosta sold 51,316 shares of Veritex stock. The shares were sold at an average price of $32.22, for a total value of $1,653,401.52.
• On Tuesday, July 29th, Arcilia Acosta sold 7,279 shares of Veritex stock. The shares were sold at an average price of $32.14, for a total value of $233,947.06.

Veritex Stock Up 1.0%

Shares of VBTX opened at $30.26 on Friday. The business’s 50 day moving average is $32.96 and its 200 day moving average is $28.54. The company has a market capitalization of $1.66 billion, a PE ratio of 14.41 and a beta of 1.06. Veritex Holdings, Inc. has a 12-month low of $20.37 and a 12-month high of $34.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20.

Veritex (NASDAQ:VBTX) last issued its earnings results on Thursday, March 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of $64.03 million for the quarter. Veritex had a return on equity of 7.55% and a net margin of 14.83%. Research analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 16th. Veritex’s dividend payout ratio (DPR) is 41.90%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VBTX shares. Keefe, Bruyette & Woods lifted their price objective on Veritex from $30.00 to $37.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 22nd. William Blair raised Veritex to an “outperform” rating in a research note on Monday, July 14th. DA Davidson lifted their price objective on Veritex from $32.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Veritex in a research note on Wednesday, October 8th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $34.00 price objective (up previously from $30.00) on shares of Veritex in a research note on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.25.

Hedge Funds Weigh In On Veritex

A number of institutional investors and hedge funds have recently modified their holdings of VBTX. Smartleaf Asset Management LLC boosted its holdings in shares of Veritex by 50.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,042 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 350 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Veritex in the 1st quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Veritex by 260.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,571 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,135 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Veritex by 28.9% in the 2nd quarter. GAMMA Investing LLC now owns 4,513 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,011 shares during the period. Finally, Strs Ohio purchased a new position in shares of Veritex in the 1st quarter worth approximately $135,000. Hedge funds and other institutional investors own 88.31% of the company’s stock.

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.