Atria Investments Inc Takes Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Atria Investments Inc purchased a new position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,358 shares of the financial services provider’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kennedy Capital Management LLC purchased a new position in shares of Veritex during the 1st quarter valued at approximately $9,139,000. F M Investments LLC acquired a new stake in Veritex during the second quarter valued at $8,483,000. Assenagon Asset Management S.A. increased its holdings in Veritex by 67.6% in the third quarter. Assenagon Asset Management S.A. now owns 807,294 shares of the financial services provider’s stock valued at $21,248,000 after buying an additional 325,569 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Veritex by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,445,102 shares of the financial services provider’s stock worth $51,566,000 after acquiring an additional 299,562 shares during the period. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Veritex by 16.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,668,743 shares of the financial services provider’s stock worth $34,193,000 after acquiring an additional 235,154 shares in the last quarter. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Veritex Stock Up 2.4 %

Veritex 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. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95. Veritex Holdings, Inc. has a fifty-two week low of $18.08 and a fifty-two week high of $30.86. The stock has a 50-day simple moving average of $27.19 and a 200-day simple moving average of $23.86.

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. The business had revenue of $113.17 million during the quarter, compared to the consensus estimate of $110.22 million. Veritex had a return on equity of 7.79% and a net margin of 11.11%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. Equities research analysts expect that Veritex Holdings, Inc. will post 2.17 earnings per share for the current year.

Veritex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date was Friday, November 8th. Veritex’s payout ratio is currently 51.28%.

Analyst Upgrades and Downgrades

Several analysts have commented on VBTX shares. DA Davidson raised their price objective on Veritex from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods cut shares of Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th. Raymond James upgraded shares of Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 target price for the company in a report on Tuesday, September 17th. Piper Sandler upped their target price on shares of Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Veritex has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

Insider Buying and Selling at Veritex

In other news, Director John Sughrue sold 16,820 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 62,643 shares of the company’s stock, valued at approximately $1,894,950.75. The trade was a 21.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, the chief executive officer now directly owns 224,132 shares of the company’s stock, valued at approximately $6,206,215.08. This represents a 5.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

About Veritex

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.