9,137 Shares in Veritex Holdings, Inc. (NASDAQ:VBTX) Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. acquired a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,137 shares of the financial services provider’s stock, valued at approximately $240,000.

Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Veritex during the second quarter worth approximately $25,000. Fidelis Capital Partners LLC acquired a new stake in Veritex during the 1st quarter worth $29,000. CWM LLC grew its position in Veritex by 1,302.9% during the 2nd quarter. CWM LLC now owns 3,339 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 3,101 shares during the last quarter. Point72 DIFC Ltd increased its stake in Veritex by 16.5% in 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, SG Americas Securities LLC purchased a new stake in shares of Veritex in the first quarter valued at about $177,000. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Veritex Trading Up 2.0 %

Veritex stock opened at $27.88 on Thursday. The stock has a 50-day moving average price of $25.18 and a 200 day moving average price of $22.54. Veritex Holdings, Inc. has a 52 week low of $15.93 and a 52 week high of $28.46. The stock has a market cap of $1.52 billion, a PE ratio of 17.43 and a beta of 1.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

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 analysts’ consensus estimates of $0.55 by $0.04. Veritex had a net margin of 11.52% and a return on equity of 7.97%. The business had revenue of $113.17 million during the quarter, compared to analyst estimates of $110.22 million. During the same quarter in the previous year, the business posted $0.60 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. Equities research analysts predict that Veritex Holdings, Inc. will post 2.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.