Alliancebernstein L.P. Sells 49,000 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Alliancebernstein L.P. lessened its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,560 shares of the financial services provider's stock after selling 49,000 shares during the period. Alliancebernstein L.P. owned about 0.36% of Veritex worth $5,284,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VBTX. USA Financial Formulas acquired a new position in shares of Veritex in the 4th quarter valued at about $32,000. R Squared Ltd acquired a new stake in shares of Veritex during the 4th quarter valued at $45,000. GAMMA Investing LLC increased its position in Veritex by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock worth $91,000 after purchasing an additional 431 shares during the last quarter. KBC Group NV lifted its holdings in shares of Veritex by 73.5% during the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock valued at $104,000 after buying an additional 1,621 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in Veritex by 9.8% in the fourth quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider's stock worth $146,000 after buying an additional 481 shares during the last quarter. Hedge funds and other institutional investors own 88.31% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Veritex Stock Performance

NASDAQ:VBTX traded up $0.44 during mid-day trading on Tuesday, hitting $21.56. 533,684 shares of the company's stock traded hands, compared to its average volume of 392,106. The firm has a 50 day moving average of $24.52 and a two-hundred day moving average of $26.58. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 11.06 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. Veritex Holdings, Inc. has a 12 month low of $18.74 and a 12 month high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate 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 analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.71%. The ex-dividend date was Friday, February 14th. Veritex's dividend payout ratio (DPR) is presently 41.03%.

Veritex Profile

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.