Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Tieton Capital Management LLC

Tieton Capital Management LLC lessened its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 0.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 263,948 shares of the financial services provider’s stock after selling 690 shares during the period. Veritex comprises approximately 3.6% of Tieton Capital Management LLC’s holdings, making the stock its 11th biggest position. Tieton Capital Management LLC’s holdings in Veritex were worth $6,947,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sippican Capital Advisors boosted its stake in Veritex by 0.4% during the 3rd 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 during the last quarter. Louisiana State Employees Retirement System boosted its stake in Veritex by 1.9% during the 2nd 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 last quarter. ProShare Advisors LLC boosted its stake in Veritex by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 10,622 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 728 shares during the last quarter. Point72 DIFC Ltd boosted its stake in Veritex by 16.5% during the 2nd quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 816 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Veritex during the 2nd quarter worth $25,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Price Performance

VBTX stock opened at $30.07 on Friday. The company has a market capitalization of $1.64 billion, a P/E ratio of 19.28 and a beta of 1.36. Veritex Holdings, Inc. has a twelve month low of $18.08 and a twelve month high of $30.86. The business has a 50 day simple moving average of $27.19 and a 200-day simple moving average of $23.84. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.04. Veritex had a return on equity of 7.79% and a net margin of 11.11%. The business had revenue of $113.17 million during the quarter, compared to the consensus estimate of $110.22 million. During the same period in the prior year, the company earned $0.60 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that Veritex Holdings, Inc. will post 2.17 EPS for the current year.

Veritex Announces Dividend

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 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 (DPR) is presently 51.28%.

Wall Street Analyst Weigh In

VBTX has been the topic of several recent research reports. 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 research report on Thursday, October 24th. Keefe, Bruyette & Woods cut shares of Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. Raymond James raised shares of 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. DA Davidson boosted their price target on shares of Veritex from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Veritex has an average rating of “Moderate Buy” and a consensus target price of $29.40.

Insider Transactions at Veritex

In other Veritex news, Director John Sughrue sold 16,820 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $30.25, for a total value of $508,805.00. Following the completion of the transaction, the director now owns 62,643 shares in the company, valued at approximately $1,894,950.75. This represents a 21.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Malcolm Holland III sold 12,777 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 224,132 shares of the company’s stock, valued at $6,206,215.08. The trade was a 5.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.

Veritex 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.