Clearbridge Investments LLC Sells 4,374 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Clearbridge Investments LLC cut its position in Veritex Holdings, Inc. (NASDAQ:VBTX – Get Rating) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 524,167 shares of the financial services provider’s stock after selling 4,374 shares during the quarter. Clearbridge Investments LLC’s holdings in Veritex were worth $14,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VBTX. CWM LLC grew its stake in shares of Veritex by 65.7% in the fourth quarter. CWM LLC now owns 1,077 shares of the financial services provider’s stock valued at $30,000 after buying an additional 427 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Veritex in the first quarter valued at $33,000. Point72 Hong Kong Ltd bought a new position in shares of Veritex in the first quarter valued at $41,000. Picton Mahoney Asset Management bought a new position in shares of Veritex in the third quarter valued at $60,000. Finally, Financial Advocates Investment Management bought a new position in shares of Veritex in the third quarter valued at $82,000. 85.86% of the stock is owned by institutional investors.

Insider Activity at Veritex

In other Veritex news, Director Fallon William bought 2,000 shares of the stock in a transaction on Wednesday, May 10th. The stock was purchased at an average price of $15.68 per share, with a total value of $31,360.00. Following the completion of the purchase, the director now owns 15,713 shares in the company, valued at $246,379.84. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Veritex news, Director Gregory B. Morrison bought 1,420 shares of the stock in a transaction on Friday, April 28th. The stock was purchased at an average price of $17.71 per share, with a total value of $25,148.20. Following the completion of the purchase, the director now owns 25,302 shares in the company, valued at $448,098.42. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Fallon William purchased 2,000 shares of Veritex stock in a transaction dated Wednesday, May 10th. The shares were purchased at an average price of $15.68 per share, for a total transaction of $31,360.00. Following the completion of the acquisition, the director now owns 15,713 shares of the company’s stock, valued at approximately $246,379.84. The disclosure for this purchase can be found here. Insiders purchased a total of 14,520 shares of company stock valued at $251,636 over the last quarter. 3.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VBTX has been the subject of a number of research analyst reports. Piper Sandler reduced their price objective on shares of Veritex from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, January 26th. Stephens reduced their price objective on shares of Veritex from $33.00 to $31.00 in a research report on Thursday, January 26th. TheStreet cut shares of Veritex from a “b-” rating to a “c+” rating in a research report on Monday, May 1st. Finally, StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a research report on Sunday, May 14th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.00.

Veritex Stock Down 1.0 %

VBTX stock opened at $16.85 on Friday. The company has a market cap of $914.11 million, a PE ratio of 6.11 and a beta of 1.43. The business has a 50-day simple moving average of $17.49 and a 200 day simple moving average of $24.62. Veritex Holdings, Inc. has a 52 week low of $14.88 and a 52 week high of $35.22. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.28.

Veritex (NASDAQ:VBTX – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $116.92 million during the quarter, compared to the consensus estimate of $117.65 million. Veritex had a return on equity of 10.87% and a net margin of 25.64%. Sell-side analysts anticipate that Veritex Holdings, Inc. will post 2.97 EPS for the current fiscal year.

Veritex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Investors of record on Thursday, May 11th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Wednesday, May 10th. Veritex’s dividend payout ratio (DPR) is presently 28.99%.

About Veritex

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Veritex Holdings, Inc engages in the provision of commercial banking products and services to small to medium-sized businesses and professionals. It offers personal and business banking products, mortgages, and treasury services. The company was founded by Charles Malcolm Holland III in June 2009 and is headquartered in Dallas, TX.