GSA Capital Partners LLP Sells 72,953 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

GSA Capital Partners LLP decreased its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 85.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,705 shares of the financial services provider’s stock after selling 72,953 shares during the quarter. GSA Capital Partners LLP’s holdings in Veritex were worth $334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VBTX. Meeder Asset Management Inc. acquired a new stake in shares of Veritex in the second quarter valued at approximately $25,000. CWM LLC raised its holdings in shares of Veritex by 1,302.9% in the second quarter. CWM LLC now owns 3,339 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 3,101 shares during the last quarter. Point72 DIFC Ltd raised its holdings in shares of 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 last quarter. Atria Investments Inc acquired a new stake in shares of Veritex in the third quarter valued at approximately $220,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Veritex in the first quarter valued at approximately $177,000. Institutional investors own 88.31% of the company’s stock.

Analyst Ratings Changes

VBTX has been the topic of a number of recent research reports. Keefe, Bruyette & Woods downgraded shares of Veritex from an “outperform” rating to a “market perform” rating in a report on Thursday, October 24th. DA Davidson boosted their target price on shares of Veritex from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. StockNews.com upgraded shares of Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. 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. Finally, Piper Sandler boosted their target price on shares of Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Three investment 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

Insiders Place Their Bets

In related news, 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 transaction, the chief executive officer now directly owns 224,132 shares in the company, valued at $6,206,215.08. This trade represents a 5.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Sughrue sold 16,820 shares of the stock in a transaction 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 completion of the transaction, the director now owns 62,643 shares in the company, valued at approximately $1,894,950.75. This represents a 21.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.

Veritex Stock Performance

Veritex stock opened at $30.07 on Friday. The business has a 50 day moving average of $27.19 and a 200-day moving average of $23.84. Veritex Holdings, Inc. has a 1 year low of $18.08 and a 1 year high of $30.86. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $1.64 billion, a P/E ratio of 19.28 and a beta of 1.36.

Veritex (NASDAQ:VBTX) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.55 by $0.04. The business had revenue of $113.17 million for the quarter, compared to analysts’ expectations of $110.22 million. Veritex had a return on equity of 7.79% and a net margin of 11.11%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. On average, equities research analysts predict that Veritex Holdings, Inc. will post 2.17 earnings per share for the current year.

Veritex Announces Dividend

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

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.