18,723 Shares in Veritex Holdings, Inc. (NASDAQ:VBTX) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 18,723 shares of the financial services provider's stock, valued at approximately $509,000.

Several other large investors have also recently bought and sold shares of VBTX. Basswood Capital Management L.L.C. bought a new position in Veritex in the 3rd quarter valued at about $11,139,000. Assenagon Asset Management S.A. increased its holdings in shares of Veritex by 67.6% during the third quarter. Assenagon Asset Management S.A. now owns 807,294 shares of the financial services provider's stock worth $21,248,000 after purchasing an additional 325,569 shares during the period. Stieven Capital Advisors L.P. increased its holdings in shares of Veritex by 39.0% during the third quarter. Stieven Capital Advisors L.P. now owns 561,636 shares of the financial services provider's stock worth $14,782,000 after purchasing an additional 157,571 shares during the period. Raymond James & Associates bought a new position in shares of Veritex during the third quarter worth approximately $3,971,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Veritex by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider's stock worth $16,618,000 after purchasing an additional 122,809 shares during the period. 88.31% of the stock is owned by institutional investors.

Veritex Price Performance

Veritex stock traded down $0.13 during mid-day trading on Friday, reaching $26.58. The company had a trading volume of 330,774 shares, compared to its average volume of 444,882. Veritex Holdings, Inc. has a fifty-two week low of $18.08 and a fifty-two week high of $31.62. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.45 billion, a P/E ratio of 13.63 and a beta of 1.38. The business has a fifty day simple moving average of $27.13 and a 200 day simple moving average of $26.54.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. On average, equities research analysts predict that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.20 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.01%. Veritex's dividend payout ratio is currently 41.03%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VBTX. StockNews.com raised shares of Veritex from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Raymond James reduced their price target on shares of Veritex from $32.00 to $31.00 and set a "strong-buy" rating on the stock in a research report on Thursday, January 30th. Stephens reduced their price target on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lowered shares of Veritex from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 24th. Finally, DA Davidson reduced their price target on shares of Veritex from $36.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $31.50.

About Veritex

Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.