GSA Capital Partners LLP Takes $301,000 Position in Veritex Holdings Inc (NASDAQ:VBTX)

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GSA Capital Partners LLP acquired a new stake in Veritex Holdings Inc (NASDAQ:VBTX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,612 shares of the financial services provider’s stock, valued at approximately $301,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Veritex by 24.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,736 shares of the financial services provider’s stock valued at $66,000 after buying an additional 533 shares during the last quarter. Arizona State Retirement System lifted its holdings in Veritex by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 70,708 shares of the financial services provider’s stock worth $1,835,000 after purchasing an additional 1,059 shares during the last quarter. Bank of Montreal Can lifted its holdings in Veritex by 142.0% during the 1st quarter. Bank of Montreal Can now owns 1,929 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,132 shares during the last quarter. Confluence Investment Management LLC lifted its holdings in Veritex by 0.8% during the 2nd quarter. Confluence Investment Management LLC now owns 191,828 shares of the financial services provider’s stock worth $4,978,000 after purchasing an additional 1,520 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in Veritex by 28.3% during the 2nd quarter. Aperio Group LLC now owns 11,159 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 2,461 shares during the last quarter. 77.63% of the stock is owned by institutional investors.

Shares of VBTX traded up $0.88 during midday trading on Thursday, hitting $24.82. The company’s stock had a trading volume of 2,049 shares, compared to its average volume of 224,008. Veritex Holdings Inc has a one year low of $20.34 and a one year high of $30.98. The company’s fifty day simple moving average is $24.15 and its two-hundred day simple moving average is $25.57. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 13.54 and a beta of 1.57.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings results on Monday, July 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.04). Veritex had a net margin of 18.42% and a return on equity of 9.83%. The business had revenue of $77.48 million during the quarter, compared to the consensus estimate of $82.50 million. On average, research analysts predict that Veritex Holdings Inc will post 2.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were paid a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.01%. Veritex’s payout ratio is 27.17%.

In related news, CEO C Malcolm Holland III sold 2,500 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $25.88, for a total transaction of $64,700.00. Following the sale, the chief executive officer now owns 101,777 shares of the company’s stock, valued at approximately $2,633,988.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Angela Harper sold 1,800 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $25.90, for a total value of $46,620.00. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.

VBTX has been the topic of a number of recent research reports. Zacks Investment Research lowered Veritex from a “buy” rating to a “sell” rating in a research note on Saturday, July 13th. Raymond James lowered their price objective on Veritex from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. BidaskClub lowered Veritex from a “sell” rating to a “strong sell” rating in a research note on Friday, August 9th. ValuEngine lowered Veritex from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Finally, Stephens restated a “buy” rating and set a $30.00 price objective on shares of Veritex in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company. Veritex currently has a consensus rating of “Hold” and an average price target of $29.00.

About Veritex

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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