8,358 Shares in Veritex Holdings, Inc. (NASDAQ:VBTX) Acquired by Atria Investments Inc

Atria Investments Inc acquired a new position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 8,358 shares of the financial services provider’s stock, valued at approximately $220,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Veritex in the second quarter valued at approximately $25,000. CWM LLC boosted its stake in shares of Veritex by 1,302.9% during the 2nd quarter. CWM LLC now owns 3,339 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 3,101 shares during the last quarter. Point72 DIFC Ltd grew its holdings in shares of Veritex by 16.5% during the second quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider’s stock worth $122,000 after buying an additional 816 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Veritex in the third quarter valued at approximately $240,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of Veritex during the second quarter valued at approximately $208,000. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Veritex news, CEO C Malcolm Holland III sold 12,777 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $27.69, for a total value of $353,795.13. Following the transaction, the chief executive officer now owns 224,132 shares in the company, valued at approximately $6,206,215.08. This represents a 5.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Sughrue sold 16,820 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 21.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

Veritex Price Performance

Shares of Veritex stock opened at $30.07 on Friday. Veritex Holdings, Inc. has a 52 week low of $18.08 and a 52 week high of $30.86. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.64 billion, a PE ratio of 19.28 and a beta of 1.36. The company’s 50-day moving average price is $27.19 and its two-hundred day moving average price is $23.86.

Veritex (NASDAQ:VBTX) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The business had revenue of $113.17 million for the quarter, compared to the consensus estimate of $110.22 million. Veritex had a net margin of 11.11% and a return on equity of 7.79%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. As a group, sell-side analysts anticipate that Veritex Holdings, Inc. will post 2.17 EPS for the current fiscal year.

Veritex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Friday, November 8th. Veritex’s dividend payout ratio is presently 51.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Raymond James raised Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research report on Tuesday, September 17th. DA Davidson increased their price target on shares of Veritex from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Piper Sandler boosted their price target 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 lowered Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.40.

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.