King Luther Capital Management Corp Increases Holdings in Veritex Holdings Inc (VBTX)

King Luther Capital Management Corp raised its stake in Veritex Holdings Inc (NASDAQ:VBTX) by 7.2% during the third quarter, Holdings Channel reports. The fund owned 136,308 shares of the financial services provider’s stock after purchasing an additional 9,159 shares during the quarter. King Luther Capital Management Corp’s holdings in Veritex were worth $3,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VBTX. Swiss National Bank increased its holdings in shares of Veritex by 14.5% in the 2nd quarter. Swiss National Bank now owns 33,100 shares of the financial services provider’s stock worth $1,028,000 after buying an additional 4,200 shares during the last quarter. Northpointe Capital LLC increased its holdings in shares of Veritex by 16.2% in the 3rd quarter. Northpointe Capital LLC now owns 359,508 shares of the financial services provider’s stock worth $10,160,000 after buying an additional 50,218 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Veritex by 36.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 873,514 shares of the financial services provider’s stock worth $27,140,000 after buying an additional 233,746 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Veritex by 21.1% in the 2nd quarter. First Trust Advisors LP now owns 34,134 shares of the financial services provider’s stock worth $1,061,000 after buying an additional 5,944 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Veritex by 59.5% in the 2nd quarter. Rhumbline Advisers now owns 22,793 shares of the financial services provider’s stock worth $708,000 after buying an additional 8,503 shares during the last quarter. Institutional investors own 77.94% of the company’s stock.

In related news, CEO C Malcolm Holland III sold 3,750 shares of Veritex stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $25.62, for a total transaction of $96,075.00. Following the completion of the transaction, the chief executive officer now directly owns 93,046 shares of the company’s stock, valued at approximately $2,383,838.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.70% of the stock is currently owned by insiders.

Veritex stock opened at $23.57 on Friday. Veritex Holdings Inc has a twelve month low of $20.99 and a twelve month high of $33.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $559.16 million, a PE ratio of 16.37, a price-to-earnings-growth ratio of 2.00 and a beta of 1.55.

Veritex (NASDAQ:VBTX) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). Veritex had a return on equity of 6.83% and a net margin of 23.12%. The firm had revenue of $31.69 million for the quarter, compared to analysts’ expectations of $30.50 million. On average, equities analysts forecast that Veritex Holdings Inc will post 1.65 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on VBTX shares. BidaskClub downgraded shares of Veritex from a “sell” rating to a “strong sell” rating in a report on Friday, October 19th. Raymond James started coverage on shares of Veritex in a report on Tuesday, October 2nd. They issued an “outperform” rating and a $33.00 target price on the stock. Stephens set a $39.00 target price on shares of Veritex and gave the stock a “buy” rating in a report on Monday, October 22nd. ValuEngine downgraded shares of Veritex from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research downgraded shares of Veritex from a “hold” rating to a “strong sell” rating in a report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $34.00.

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Veritex Profile

Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.

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Institutional Ownership by Quarter for Veritex (NASDAQ:VBTX)

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