BNP Paribas Financial Markets Has $1.49 Million Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

BNP Paribas Financial Markets increased its position in Veritex Holdings, Inc. (NASDAQ:VBTX) by 37.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 56,559 shares of the financial services provider’s stock after purchasing an additional 15,403 shares during the period. BNP Paribas Financial Markets’ holdings in Veritex were worth $1,489,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Sippican Capital Advisors lifted its position in shares of Veritex by 0.4% in the third quarter. Sippican Capital Advisors now owns 99,230 shares of the financial services provider’s stock worth $2,612,000 after purchasing an additional 400 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Veritex by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 27,400 shares of the financial services provider’s stock worth $578,000 after purchasing an additional 500 shares during the period. Point72 DIFC Ltd grew its holdings in Veritex by 16.5% during the second quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 816 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Veritex in the second quarter worth $25,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Veritex by 9.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,957 shares of the financial services provider’s stock worth $446,000 after buying an additional 1,405 shares during the period. 88.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VBTX has been the subject of several recent analyst reports. DA Davidson increased their target price on Veritex from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Piper Sandler lifted their price objective on Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. StockNews.com upgraded Veritex from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods downgraded Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. Finally, 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 research report on Tuesday, September 17th. Three 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 stock. Based on data from MarketBeat.com, Veritex presently has an average rating of “Moderate Buy” and a consensus target price of $29.40.

Insider Buying and Selling at Veritex

In related news, Director John Sughrue sold 16,820 shares of Veritex stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $30.25, for a total value of $508,805.00. Following the sale, the director now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Malcolm Holland III sold 12,777 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $27.69, for a total value of $353,795.13. Following the transaction, the chief executive officer now directly owns 224,132 shares in the company, valued at $6,206,215.08. This trade represents a 5.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

Veritex Trading Up 0.4 %

VBTX stock opened at $30.45 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 19.52 and a beta of 1.38. Veritex Holdings, Inc. has a fifty-two week low of $18.08 and a fifty-two week high of $31.62. The business has a fifty day moving average price of $28.13 and a 200 day moving average price of $24.55.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The firm had revenue of $113.17 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.60 earnings per share. Analysts expect that Veritex Holdings, Inc. will post 2.17 EPS for the current fiscal year.

Veritex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.20 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.63%. Veritex’s dividend payout ratio (DPR) is presently 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.