Veritex Holdings Inc.’s recent filing unveils that its Chief Financial Officer Earley Terry acquired Company’s shares for reported $6554.0 on Jul 28. In the deal valued at $21.42 per share,306 shares were bought. As a result of this transaction, Earley Terry now holds 85,321 shares worth roughly $ 1.65 million.
Then, Morrison Gregory B bought 1,252 shares, generating $25,000 in total proceeds. Upon buying the shares at $19.98, the Director now owns 26,554 shares.
Before that, WILLIAM FALLON bought 2,000 shares. Veritex Holdings Inc. shares valued at $31,360 were divested by the Director at a price of $15.68 per share. As a result of the transaction, WILLIAM FALLON now holds 15,713 shares, worth roughly $0.3 million.
Hovde Group downgraded its Veritex Holdings Inc. [VBTX] rating to a Market perform from a an Outperform in a research note published on Friday. PT values the company’s stock at a premium of 5.56 to its Friday closing price.
Price Performance Review of VBTX
On Friday, Veritex Holdings Inc. [NASDAQ:VBTX] saw its stock jump 2.92% to $19.36. On the same session, the stock had its day’s lowest price of $18.95, but rose to a high of $19.61. Over the last five days, the stock has gained 1.79%. Veritex Holdings Inc. shares have fallen nearly -31.05% since the year began. Nevertheless, the stocks have fallen -35.70% over the past one year. While a 52-week high of $33.12 was reached on 02/03/23, a 52-week low of $14.88 was recorded on 05/11/23. SMA at 50 days reached $19.65, while 200 days put it at $22.59. A total of 0.6 million shares were traded, compared to the trading of 0.4 million shares in the previous session.
Levels Of Support And Resistance For VBTX Stock
The 24-hour chart illustrates a support level at 19.00, which if violated will result in even more drops to 18.65. On the upside, there is a resistance level at 19.66. A further resistance level may holdings at 19.97. The Relative Strength Index (RSI) on the 14-day chart is 45.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.94%. Stochastics %K at 23.09% indicates the stock is a holding.
How much short interest is there in Veritex Holdings Inc.?
A steep rise in short interest was recorded in Veritex Holdings Inc. stocks on Aug 14, 2023, dropping by 100000.0 shares to a total of 2.91 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.01 million shares. There was a decline of -3.44%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.52% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.27.
Veritex Holdings Inc. [VBTX] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,350,028 shares, or roughly 13.55% of the outstanding VBTX shares. In other words, the investor’s shares have fallen by -16,087 from its previous 13-F filing of 7366115.0. Additionally, T. Rowe Price Investment Manageme increased 13.98% of its stake after which the total value it holdings stand at $94,185,794, while The Vanguard Group, Inc. reduced -2.96% of its stake to hold $76.14 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -118,304 shares of Veritex Holdings Inc., while Westwood Management Corp. sold -258,362 shares. At present, Dimensional Fund Advisors LP is holding 1,446,635 shares valued at $31.12 million. Victory Capital Management, Inc. owned 1,294,409 shares of the company at the time of its most recent 13F filing, worth $27.84 million.
According to FactSet, Veritex Holdings Inc.’s share price will average $25.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 32.91 percent from its previous closing price of $18.81. Analysts expect Veritex Holdings Inc. stock to reach the higher price of $28.00, while the lowest price estimate is $23.00. However, 6 analysts have rated VBTX stock as an Overweight in their predictions for 2023.