Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 61.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,709 shares of the financial services provider’s stock after selling 69,386 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Veritex worth $1,124,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of Veritex in the second quarter valued at $25,000. CWM LLC raised its position in shares of Veritex by 1,302.9% during the second 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 period. Point72 DIFC Ltd lifted 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 last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Veritex in the 2nd quarter valued at $208,000. Finally, Mutual of America Capital Management LLC purchased a new position in Veritex in the 3rd quarter worth about $215,000. 88.31% of the stock is currently owned by institutional investors.

Veritex Stock Down 0.2 %

Veritex stock opened at $30.41 on Monday. The firm’s 50 day moving average price is $27.69 and its two-hundred day moving average price is $24.24. The firm has a market cap of $1.66 billion, a PE ratio of 19.49 and a beta of 1.36. Veritex Holdings, Inc. has a twelve month low of $18.08 and a twelve month high of $31.62. 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 (NASDAQ:VBTX) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $110.22 million. During the same period last year, the company earned $0.60 earnings per share. Veritex’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, research analysts predict that Veritex Holdings, Inc. will post 2.17 EPS for the current fiscal year.

Veritex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.20 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.63%. Veritex’s dividend payout ratio is currently 51.28%.

Insider Activity at Veritex

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

Wall Street Analyst Weigh In

VBTX has been the subject of a number of analyst reports. Piper Sandler upped their price objective on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. DA Davidson raised their price objective on shares of Veritex from $30.00 to $33.00 and gave the stock a “buy” rating in a research note 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 target price on the stock in a research note on Tuesday, September 17th. Finally, Keefe, Bruyette & Woods cut Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.40.

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.