AlphaQuest LLC Has $858,000 Stock Holdings in Veritex Holdings, Inc. $VBTX

AlphaQuest LLC lessened its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 54.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,864 shares of the financial services provider’s stock after selling 39,704 shares during the quarter. AlphaQuest LLC owned 0.06% of Veritex worth $858,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of Veritex in the 1st quarter valued at $28,000. GAMMA Investing LLC boosted its holdings in shares of Veritex by 28.9% during the 2nd quarter. GAMMA Investing LLC now owns 4,513 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 1,011 shares in the last quarter. Strs Ohio acquired a new stake in shares of Veritex during the 1st quarter valued at $135,000. Quarry LP boosted its holdings in shares of Veritex by 327.6% during the 1st quarter. Quarry LP now owns 6,534 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 5,006 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its holdings in shares of Veritex by 12.6% during the 1st quarter. EP Wealth Advisors LLC now owns 9,568 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 1,074 shares in the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Stock Performance

VBTX stock opened at $30.26 on Monday. The stock has a 50-day moving average price of $32.93 and a 200-day moving average price of $28.69. Veritex Holdings, Inc. has a 1-year low of $20.37 and a 1-year high of $34.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.66 billion, a PE ratio of 14.41 and a beta of 1.06.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Thursday, March 3rd. The financial services provider reported $0.64 earnings per share for the quarter. Veritex had a return on equity of 7.55% and a net margin of 14.83%.The firm had revenue of $64.03 million during the quarter. As a group, equities research analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. Veritex’s dividend payout ratio (DPR) is 41.90%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Veritex from $30.00 to $37.00 and gave the company a “market perform” rating in a report on Tuesday, July 22nd. William Blair raised Veritex to an “outperform” rating in a report on Monday, July 14th. The Goldman Sachs Group assumed coverage on Veritex in a report on Monday, July 14th. They set a “buy” rating on the stock. DA Davidson raised their price objective on Veritex from $32.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Veritex in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.25.

Insiders Place Their Bets

In other news, EVP Angela Harper sold 2,527 shares of Veritex stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $33.68, for a total value of $85,109.36. Following the completion of the transaction, the executive vice president directly owned 53,991 shares of the company’s stock, valued at approximately $1,818,416.88. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Sughrue sold 5,669 shares of Veritex stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $32.00, for a total value of $181,408.00. Following the completion of the transaction, the director directly owned 50,652 shares of the company’s stock, valued at approximately $1,620,864. This trade represents a 10.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,312 shares of company stock valued at $846,146. Insiders own 4.30% of the company’s stock.

Veritex Company 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.