The EVP, Credit Risk Officer of Veritex (VBTX) is Selling Shares

Yesterday, the EVP, Credit Risk Officer of Veritex (VBTX), Angela Harper, sold shares of VBTX for $46.62K.

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Based on Veritex’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $102 million and quarterly net profit of $26.88 million. In comparison, last year the company earned revenue of $36.79 million and had a net profit of $10.19 million. VBTX’s market cap is $1.33B and the company has a P/E ratio of 18.04. Currently, Veritex has an average volume of 292K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $29.67, reflecting a 18.8% upside.

The insider sentiment on Veritex has been positive according to 81 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.

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