Veritex Holdings (VBTX) Director John Sughrue Acquires 6,912 Shares

Veritex Holdings (NASDAQ:VBTX) Director John Sughrue bought 6,912 shares of the firm’s stock in a transaction on Tuesday, March 20th. The stock was purchased at an average cost of $10.85 per share, with a total value of $74,995.20. Following the completion of the transaction, the director now directly owns 38,654 shares of the company’s stock, valued at $419,395.90. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of VBTX traded down $0.23 during midday trading on Tuesday, hitting $27.71. 152,316 shares of the company traded hands, compared to its average volume of 112,955. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.21. Veritex Holdings has a 52 week low of $23.84 and a 52 week high of $29.50. The company has a market capitalization of $661.16, a PE ratio of 29.28, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46.

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Veritex (NASDAQ:VBTX) last issued its earnings results on Monday, January 29th. The financial services provider reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.08). The company had revenue of $28.05 million for the quarter, compared to analysts’ expectations of $25.90 million. Veritex had a return on equity of 5.00% and a net margin of 18.67%. sell-side analysts expect that Veritex Holdings will post 1.81 earnings per share for the current year.



VBTX has been the subject of several recent research reports. BidaskClub upgraded Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded Veritex from a “hold” rating to a “strong-buy” rating and set a $33.00 price target for the company in a research report on Saturday, January 13th. Keefe, Bruyette & Woods initiated coverage on Veritex in a research report on Tuesday, January 16th. They issued an “outperform” rating and a $33.00 price target for the company. Finally, Piper Jaffray upgraded Veritex from a “neutral” rating to an “overweight” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $31.63.

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. purchased a new position in Veritex during the fourth quarter valued at approximately $142,000. SG Americas Securities LLC purchased a new position in Veritex during the third quarter valued at approximately $145,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Veritex during the fourth quarter valued at approximately $179,000. MetLife Investment Advisors LLC purchased a new position in Veritex during the fourth quarter valued at approximately $198,000. Finally, Frontier Investment Mgmt Co. purchased a new position in Veritex during the fourth quarter valued at approximately $265,000. 65.55% of the stock is currently owned by institutional investors and hedge funds.

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Veritex Company Profile

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.

Insider Buying and Selling by Quarter for Veritex (NASDAQ:VBTX)

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