Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Harbor Capital Advisors Inc.

by · The Markets Daily

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Harbor Capital Advisors Inc. decreased its stake in Veritex Holdings, Inc. (NASDAQ:VBTX – Free Report) by 17.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,784 shares of the financial services provider’s stock after selling 6,616 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.06% of Veritex worth $553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 Middle East FZE purchased a new position in Veritex during the 4th quarter valued at about $31,000. Quarry LP increased its holdings in Veritex by 323.2% during the 1st quarter. Quarry LP now owns 1,676 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 1,280 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Veritex during the 1st quarter valued at about $33,000. Point72 Hong Kong Ltd purchased a new position in Veritex during the 1st quarter valued at about $41,000. Finally, Coppell Advisory Solutions Corp. purchased a new position in Veritex during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 87.29% of the company’s stock.

Insider Buying and Selling at Veritex

In other Veritex news, Director Gregory B. Morrison purchased 1,734 shares of Veritex stock in a transaction on Tuesday, October 31st. The shares were purchased at an average cost of $17.30 per share, with a total value of $29,998.20. Following the completion of the transaction, the director now directly owns 29,636 shares in the company, valued at approximately $512,702.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is currently owned by corporate insiders.

Veritex Trading Down 3.1 %

Shares of VBTX stock opened at $23.27 on Monday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 8.78 and a beta of 1.42. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.29. Veritex Holdings, Inc. has a fifty-two week low of $14.88 and a fifty-two week high of $29.75. The firm’s 50 day moving average price is $20.21 and its two-hundred day moving average price is $19.46.

Veritex (NASDAQ:VBTX – Get Free Report) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The business had revenue of $109.04 million for the quarter, compared to analyst estimates of $111.60 million. Veritex had a net margin of 19.48% and a return on equity of 10.19%. On average, analysts anticipate that Veritex Holdings, Inc. will post 2.63 EPS for the current year.

Veritex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.44%. Veritex’s dividend payout ratio (DPR) is 30.19%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VBTX shares. StockNews.com downgraded shares of Veritex from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Stephens lowered their target price on shares of Veritex from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.83.

Get Our Latest Research Report on Veritex

Veritex Company Profile

(Free Report)

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, consumer, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.

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