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VBTX Veritex

Headquartered in Dallas, Texas, Veritex is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area. Veritex Community Bank is a Texas state chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System.

VBTX stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 Nov 21
25 Jan 22
31 Dec 22
Quarter (USD)
Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Veritex earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 229.71M 229.71M 229.71M 229.71M 229.71M 229.71M
Cash burn (monthly) 53.44M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 205.9M n/a n/a n/a n/a n/a
Cash remaining 23.81M n/a n/a n/a n/a n/a
Runway (months of cash) 0.4 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jan 22 Mehos Manuel J Common Stock Option exercise Acquire M No No 0 678 0 311,719
1 Jan 22 Mehos Manuel J RSU Common Stock Option exercise Dispose M No No 0 678 0 0
1 Jan 22 Sughrue John Common Stock Option exercise Acquire M No No 0 1,288 0 65,846
1 Jan 22 Sughrue John RSU Common Stock Option exercise Dispose M No No 0 1,288 0 0
1 Jan 22 Griege Mark C Common Stock Option exercise Acquire M No No 0 1,740 0 124,186
1 Jan 22 Griege Mark C RSU Common Stock Option exercise Dispose M No No 0 1,740 0 0
1 Jan 22 Fallon William Common Stock Option exercise Acquire M No No 0 678 0 11,226
1 Jan 22 Fallon William RSU Common Stock Option exercise Dispose M No No 0 678 0 0
1 Jan 22 Bozman Blake Common Stock Option exercise Acquire M No No 0 1,209 0 86,084
1 Jan 22 Bozman Blake RSU Common Stock Option exercise Dispose M No No 0 1,209 0 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

83.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 184 175 +5.1%
Opened positions 22 22
Closed positions 13 17 -23.5%
Increased positions 54 51 +5.9%
Reduced positions 68 71 -4.2%
13F shares
Current Prev Q Change
Total value 3.78B 1.47B +157.1%
Total shares 41.15M 41.28M -0.3%
Total puts 25.8K 7.6K +239.5%
Total calls 96.6K 35.1K +175.2%
Total put/call ratio 0.3 0.2 +23.3%
Largest owners
Shares Value Change
BLK Blackrock 7.3M $287.17M -0.0%
Vanguard 3.26M $128.38M -0.4%
FJ Capital Management 2.55M $100.38M -9.0%
STT State Street 2.06M $81.03M -10.7%
Brown Advisory 1.69M $66.53M +1.4%
WHG Westwood 1.59M $62.68M -17.1%
William Blair Investment Management 1.3M $51.19M +48249.5%
Wellington Management 1.12M $44.05M +9.0%
Dimensional Fund Advisors 904.76K $35.61M +4.3%
Geode Capital Management 862.11K $33.93M +1.6%
Largest transactions
Shares Bought/sold Change
Investment Counselors Of Maryland 0 -1.34M EXIT
William Blair Investment Management 1.3M +1.3M +48249.5%
MCQEF Macquarie 651.41K +650.79K +104966.5%
American Century Companies 606.47K +606.47K NEW
Millennium Management 366.03K +344.04K +1564.3%
WHG Westwood 1.59M -328.06K -17.1%
Schroder Investment Management 785.42K -272.62K -25.8%
WFC Wells Fargo & Co. 116.78K -270.72K -69.9%
Ziegler Capital Management 413.24K +268.99K +186.5%
FJ Capital Management 2.55M -251K -9.0%

Financial report summary

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Risks
  • Our business concentration in Texas, and specifically the Dallas-Fort Worth metroplex and the Houston metropolitan area, imposes risks and may magnify the consequences of any regional or local economic downturn affecting the Dallas-Fort Worth metroplex and the Houston metropolitan area, including any downturn in the real estate sector.
  • COVID-19 and the impact of actions to mitigate it could have an adverse effect on our business, financial condition and results of operations, and such effects will depend on future developments, which are highly uncertain and are difficult to predict.
  • Interest rate shifts could reduce net interest income and otherwise negatively impact our financial condition and results of operations.
  • Significant increases of nonperforming assets from the current level, or greater than anticipated costs to resolve these credits, will have an adverse effect on Veritex’s earnings.
  • The small to medium-sized businesses that we lend to may have fewer resources to weather adverse business developments, which may impair a borrower’s ability to repay a loan, and such impairment could adversely affect our results of operations and financial condition.
  • Our allowance for credit losses may prove to be insufficient to absorb potential losses in our loan portfolio, which could adversely affect our business, financial condition and results of operations.
  • Our financial condition and results of operations may be adversely affected by changes in accounting policies, standards and interpretations.
  • We may be unable to implement aspects of our growth strategy, which may affect our ability to maintain historical earnings trends.
  • Our strategy of pursuing acquisitions exposes us to financial, execution and operational risks that could have an adverse effect on our business, financial condition, results of operations and growth prospects.
  • Our ability to retain bankers and recruit additional successful bankers is critical to the success of our business strategy, and any failure to do so could adversely affect our business, financial condition, results of operations and growth prospects.
  • The relatively unseasoned nature of a significant portion of our loan portfolio may expose us to increased credit risks.
  • Our commercial real estate and construction and land loan portfolios expose us to credit risks that could be greater than the risks related to other types of loans.
  • Because a significant portion of our loan portfolio consists of real estate loans, negative changes in the economy affecting real estate values and liquidity could impair the value of collateral securing our real estate loans and result in loan and other losses.
  • Consumers may decide not to use banks to complete their financial transactions.
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