Veritex Holdings, Inc. (NASDAQ:VBTX) posted its earnings results on Tuesday. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. Veritex Holdings had a net margin of 23.77% and a return on equity of 8.70%.
Veritex Holdings (NASDAQ:VBTX) opened at 27.40 on Wednesday. Veritex Holdings has a 12-month low of $12.35 and a 12-month high of $27.76. The stock has a market capitalization of $293.40 million, a price-to-earnings ratio of 25.39 and a beta of 1.74. The company has a 50 day moving average of $25.61 and a 200-day moving average of $19.66.
In other Veritex Holdings news, major shareholder Veritex Holdings L.P. Suntx sold 387,838 shares of the company’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $19.75, for a total value of $7,659,800.50. Following the sale, the insider now owns 772,370 shares in the company, valued at approximately $15,254,307.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 496,819 shares of company stock worth $9,859,361. Insiders own 9.10% of the company’s stock.
Separately, TheStreet raised shares of Veritex Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 10th.
About Veritex Holdings
Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.