Schroder Investment Management Group Invests $11.17 Million in Veritex Holdings, Inc. (NASDAQ:VBTX)

Schroder Investment Management Group purchased a new stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 413,013 shares of the financial services provider's stock, valued at approximately $11,172,000. Schroder Investment Management Group owned approximately 0.76% of Veritex at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. USA Financial Formulas acquired a new stake in Veritex during the 4th quarter worth about $32,000. R Squared Ltd acquired a new stake in shares of Veritex during the fourth quarter worth approximately $45,000. GAMMA Investing LLC grew its position in Veritex by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 431 shares in the last quarter. Systematic Financial Management LP acquired a new position in Veritex in the 3rd quarter valued at approximately $98,000. Finally, KBC Group NV lifted its position in Veritex by 73.5% in the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock worth $104,000 after buying an additional 1,621 shares in the last quarter. 88.31% of the stock is owned by institutional investors and hedge funds.

Veritex Stock Down 0.0 %

NASDAQ VBTX traded down $0.01 during trading on Tuesday, hitting $21.23. 355,162 shares of the company traded hands, compared to its average volume of 385,810. Veritex Holdings, Inc. has a 12 month low of $18.74 and a 12 month high of $31.62. The business has a fifty day simple moving average of $25.16 and a 200 day simple moving average of $26.77. The company has a market capitalization of $1.16 billion, a P/E ratio of 10.89 and a beta of 1.11. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14.

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Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings data 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%. As a group, sell-side analysts predict that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Friday, February 14th. Veritex's payout ratio is 41.03%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VBTX. DA Davidson restated a "buy" rating and set a $34.00 price target on shares of Veritex in a report on Monday, March 17th. Hovde Group raised Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price on the stock in a research report on Thursday, January 30th. Stephens cut their price target on Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, January 30th. Finally, Raymond James cut Veritex from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.90.

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.