AlphaQuest LLC raised its stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 141,268.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,101 shares of the financial services provider's stock after buying an additional 31,079 shares during the quarter. AlphaQuest LLC owned 0.06% of Veritex worth $845,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in Veritex in the fourth quarter valued at about $32,000. R Squared Ltd acquired a new position in shares of Veritex in the 4th quarter valued at approximately $45,000. GAMMA Investing LLC increased its stake in Veritex by 14.7% during 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 in the last quarter. Systematic Financial Management LP acquired a new stake in Veritex during the 3rd quarter worth approximately $98,000. Finally, KBC Group NV lifted its stake in Veritex by 73.5% in the fourth 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 in the last quarter. Institutional investors own 88.31% of the company's stock.
Veritex Stock Up 2.5 %
Shares of NASDAQ VBTX traded up $0.60 during trading on Friday, hitting $24.45. 222,882 shares of the company traded hands, compared to its average volume of 367,289. The business's fifty day moving average is $26.04 and its 200 day moving average is $26.88. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.54 and a beta of 1.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. Veritex Holdings, Inc. has a fifty-two week low of $18.08 and a fifty-two week high of $31.62.
Veritex (NASDAQ:VBTX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 EPS 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%. Equities research analysts predict that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.
Veritex Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.27%. Veritex's dividend payout ratio is 41.03%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on VBTX. Hovde Group raised Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price objective for the company in a research report on Thursday, January 30th. DA Davidson reduced their price target on Veritex from $36.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Raymond James lowered their price objective on shares of Veritex from $32.00 to $31.00 and set a "strong-buy" rating on the stock in a report on Thursday, January 30th. Finally, Stephens reduced their target price on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.50.
Check Out Our Latest Stock Report on VBTX
Veritex Profile
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Free Report)
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.
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