Renaissance Technologies LLC lifted its holdings in shares of Veritex Holdings Inc (NASDAQ:VBTX) by 26.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,500 shares of the financial services provider’s stock after buying an additional 15,500 shares during the period. Renaissance Technologies LLC owned approximately 0.31% of Veritex worth $2,105,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Panagora Asset Management Inc. acquired a new position in Veritex in the third quarter worth about $151,000. Buckingham Asset Management LLC bought a new stake in Veritex during the third quarter worth about $239,000. Metropolitan Life Insurance Co. NY grew its stake in shares of Veritex by 43.5% during the second quarter. Metropolitan Life Insurance Co. NY now owns 7,811 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 2,368 shares during the last quarter. Voya Investment Management LLC bought a new stake in shares of Veritex during the second quarter valued at approximately $246,000. Finally, GSA Capital Partners LLP bought a new position in Veritex in the third quarter valued at approximately $250,000. 78.26% of the stock is currently owned by hedge funds and other institutional investors.
VBTX has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Veritex from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. BidaskClub raised shares of Veritex from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Stephens set a $31.00 target price on shares of Veritex and gave the company a “buy” rating in a research report on Tuesday, January 29th. ValuEngine raised shares of Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, Raymond James decreased their price objective on shares of Veritex from $33.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.50.
In other Veritex news, Director Gordon Huddleston purchased 1,000 shares of Veritex stock in a transaction dated Thursday, January 31st. The stock was purchased at an average price of $26.04 per share, with a total value of $26,040.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Malcolm Holland III sold 3,750 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $25.62, for a total value of $96,075.00. Following the completion of the transaction, the chief executive officer now owns 93,046 shares of the company’s stock, valued at $2,383,838.52. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by company insiders.
VBTX traded up $0.54 during trading on Friday, reaching $27.29. 2,574,422 shares of the company’s stock were exchanged, compared to its average volume of 407,878. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.00 and a quick ratio of 1.00. Veritex Holdings Inc has a one year low of $20.34 and a one year high of $33.08. The firm has a market capitalization of $652.03 million, a price-to-earnings ratio of 14.83, a PEG ratio of 1.67 and a beta of 1.74.
Veritex (NASDAQ:VBTX) last announced its earnings results on Monday, January 28th. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company had revenue of $32.31 million during the quarter, compared to the consensus estimate of $30.73 million. Veritex had a net margin of 25.19% and a return on equity of 7.86%. As a group, equities research analysts predict that Veritex Holdings Inc will post 2.3 EPS for the current year.
The company also recently disclosed a special dividend, which will be paid on Thursday, February 21st. Stockholders of record on Thursday, February 7th will be given a $0.125 dividend. The ex-dividend date is Wednesday, February 6th. Veritex’s dividend payout ratio (DPR) is currently 27.17%.
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.
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