Cwm LLC Has $232,000 Stock Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Cwm LLC grew its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 163.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,808 shares of the financial services provider’s stock after purchasing an additional 5,469 shares during the period. Cwm LLC’s holdings in Veritex were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its holdings in shares of Veritex by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 27,400 shares of the financial services provider’s stock valued at $578,000 after purchasing an additional 500 shares during the period. Texas Permanent School Fund Corp raised its holdings in shares of Veritex by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 47,556 shares of the financial services provider’s stock valued at $974,000 after purchasing an additional 650 shares during the period. ProShare Advisors LLC raised its holdings in shares of Veritex by 7.4% during the first quarter. ProShare Advisors LLC now owns 10,622 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 728 shares during the period. Point72 DIFC Ltd raised its holdings in shares of Veritex by 16.5% during the second quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 816 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Veritex in the 2nd quarter worth about $25,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stephens upped their target price on shares of Veritex from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Raymond James upgraded shares of Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Tuesday, September 17th. StockNews.com lowered shares of Veritex from a “hold” rating to a “sell” rating in a report on Tuesday. DA Davidson restated a “buy” rating and issued a $29.00 target price on shares of Veritex in a report on Wednesday, August 28th. Finally, Piper Sandler upped their target price on shares of Veritex from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.00.

Veritex Trading Up 1.3 %

NASDAQ:VBTX opened at $27.34 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 17.09 and a beta of 1.37. Veritex Holdings, Inc. has a 52 week low of $15.93 and a 52 week high of $28.09. The firm has a 50-day moving average price of $25.06 and a two-hundred day moving average price of $22.50.

Veritex (NASDAQ:VBTX) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Veritex had a net margin of 11.52% and a return on equity of 7.97%. The company had revenue of $106.81 million for the quarter, compared to the consensus estimate of $108.39 million. During the same period in the prior year, the company earned $0.64 earnings per share. The firm’s revenue was down 6.7% on a year-over-year basis. On average, equities analysts expect that Veritex Holdings, Inc. will post 2.13 earnings per share for the current fiscal year.

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.