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Slideshow Stock Buybacks

By The Online Investor Staff, updated Sun., Sep. 22, 8:02 AM

Slide #23. Veritex Holdings, Inc.

Company: Veritex Holdings, Inc. (NASDAQ:VBTX)
$Amount Authorized: $100,000,000
Buyback Details: The Board of Directors (the "Board") of Veritex Holdings, Inc. (Nasdaq: VBTX) (the "Company") authorized an increase and extension of its previously announced stock buyback program (the "Stock Buyback Program") pursuant to which the Company may, from time to time, purchase shares of its outstanding common stock. The Stock Buyback Program originally authorized the Company to purchase up to $50.0 million of its outstanding common stock and that amount has been increased by the Board to $100.0 million. The Board also authorized an extension of the original expiration date of the Stock Buyback Program from December 31, 2019 to August 31, 2020. The shares may be repurchased in the open market or in privately negotiated transactions from time to time, depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission (the "SEC"). The Stock Buyback Program does not obligate the Company to purchase any shares and may be terminated or amended by the Board at any time prior to its expiration date. As of August 31, 2019, the Company had repurchased $50.0 million, or 1,993,629 shares, of its common stock through the Stock Buyback Program.

Veritex Holdings is a bank holding company. Through its subsidiary, Veritex Community Bank, Co. provides commercial banking products and services for small to medium-sized businesses and personnel. Co.'s loan portfolio consists of commercial real estate and general commercial loans, residential real estate loans, construction and land loans, farmland loans and consumer loans. Co. provides consist of demand, savings, money market and time deposit accounts. Co. also provides online banking solutions including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, debit cards, night depository, direct deposit, and cashier's checks.

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Company Name:  Veritex Holdings Inc
Stock buyback:  VBTX buyback
Sector:  Banking & Savings
Number of ETFs Holding VBTX:  40
Total Market Value Held by ETFs:  $208.08M
Total Market Capitalization:  $1.35B
% of Market Cap. Held by ETFs:  15.46%

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September 22, 2019    8:02 AM Eastern
Quotes delayed 20 minutes

Strong Buy (3.75 out of 4)
72nd percentile
(ranked higher than approx. 72% of all stocks covered)
Based on Zacks ABR data;
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