Veritex Holdings, Inc. (NASDAQ:VBTX) insider Ned N. Fleming III sold 55,134 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $26.16, for a total value of $1,442,305.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Veritex Holdings, Inc. (NASDAQ:VBTX) opened at 26.07 on Monday. Veritex Holdings, Inc. has a 12 month low of $15.46 and a 12 month high of $29.43. The firm has a 50 day moving average price of $26.57 and a 200-day moving average price of $27.15. The firm has a market capitalization of $396.63 million, a price-to-earnings ratio of 26.47 and a beta of 1.66.

Veritex Holdings (NASDAQ:VBTX) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Veritex Holdings had a return on equity of 6.09% and a net margin of 22.61%. The company had revenue of $14.14 million for the quarter, compared to the consensus estimate of $16.40 million. On average, equities analysts forecast that Veritex Holdings, Inc. will post $1.06 EPS for the current year.

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VBTX has been the topic of several recent research reports. Zacks Investment Research lowered Veritex Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Piper Jaffray Companies reissued a “neutral” rating and set a $29.50 price target (up from $29.00) on shares of Veritex Holdings in a research report on Wednesday, August 9th. Stephens set a $32.00 price target on Veritex Holdings and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Finally, BidaskClub lowered Veritex Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.83.

Several institutional investors have recently bought and sold shares of VBTX. Nationwide Fund Advisors increased its position in Veritex Holdings by 31.8% in the second quarter. Nationwide Fund Advisors now owns 8,819 shares of the financial services provider’s stock valued at $232,000 after buying an additional 2,128 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Veritex Holdings during the second quarter valued at approximately $259,000. The Manufacturers Life Insurance Company increased its position in Veritex Holdings by 52.4% in the second quarter. The Manufacturers Life Insurance Company now owns 12,518 shares of the financial services provider’s stock valued at $329,000 after buying an additional 4,304 shares during the last quarter. Wells Fargo & Company MN increased its position in Veritex Holdings by 4.1% in the second quarter. Wells Fargo & Company MN now owns 12,596 shares of the financial services provider’s stock valued at $332,000 after buying an additional 491 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Veritex Holdings by 66.4% in the second quarter. Rhumbline Advisers now owns 14,807 shares of the financial services provider’s stock valued at $390,000 after buying an additional 5,911 shares during the last quarter. 73.68% of the stock is currently owned by institutional investors.

Veritex Holdings Company Profile

Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.

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

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