Revenue Update on Veritex Holdings Inc(NASDAQ:VBTX)

Veritex Holdings Inc(NASDAQ:VBTX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $11.64M. Analysts estimated a revenue of $11.30M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.27.

Veritex Holdings Inc (VBTX) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.17% at a volume of 16,854. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.4. The peak price level was also seen at $17.4 while the days lowest was $16.71. Finally the shares closed at $17.37. The 52-week high of the shares is $17.75 while the 52-week low is $12.35. According to the latest information available, the market cap of the company is $186 M.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Veritex Holdings, L.p. Suntx (10% owner) sold 300,000 shares at $15.74 per share price.Also, On May 10, 2016, Michael Clayton Riebe (Chief Credit Officer) purchased 1,000 shares at $15.45 per share price.On Apr 29, 2016, C Malcolm Iii Holland (CEO) purchased 3,250 shares at $15.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Veritex Holdings Inc. is a bank holding company. The Company through its wholly owned 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. Its primary customers are small and medium-sized businesses and professionals. The Bank operates eight branches and one mortgage office all of which are located in the Dallas metropolitan area. The Bank provides a full range of banking services to individual and corporate customers which include commercial and retail lending and the acceptance of checking and savings deposits. The Bank also offers debit cards night depository direct deposit cashier’s checks and letters of credit as well as treasury management services including wire transfer services and automated clearinghouse services.

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