Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 789,909 shares of the financial services provider's stock after purchasing an additional 14,924 shares during the quarter. American Century Companies Inc. owned about 1.45% of Veritex worth $21,454,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of Veritex by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,293,966 shares of the financial services provider's stock valued at $34,064,000 after purchasing an additional 18,185 shares during the period. Barclays PLC lifted its stake in Veritex by 63.8% in the third quarter. Barclays PLC now owns 117,609 shares of the financial services provider's stock valued at $3,095,000 after buying an additional 45,787 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Veritex by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock valued at $91,000 after acquiring an additional 431 shares during the period. JPMorgan Chase & Co. grew its position 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 acquiring an additional 122,809 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Veritex by 4.6% in the 3rd quarter. Stifel Financial Corp now owns 48,582 shares of the financial services provider's stock valued at $1,279,000 after acquiring an additional 2,115 shares during the period. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

Veritex Stock Performance

Shares of Veritex stock traded down $2.47 on Thursday, reaching $22.33. 561,005 shares of the stock were exchanged, compared to its average volume of 384,047. 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 firm has a market capitalization of $1.22 billion, a PE ratio of 11.45 and a beta of 1.10. Veritex Holdings, Inc. has a 1-year low of $18.74 and a 1-year high of $31.62. The business has a fifty day moving average price of $25.59 and a two-hundred day moving average price of $26.88.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). Veritex had a return on equity of 7.59% and a net margin of 13.44%. As a group, research analysts anticipate that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.58%. Veritex's payout ratio is currently 41.03%.

Analyst Ratings Changes

VBTX has been the subject of a number of recent research reports. Raymond James cut shares of Veritex from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $31.00 to $28.00 in a research note on Wednesday. Stephens lowered their price target on Veritex from $34.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. DA Davidson reaffirmed a "buy" rating and set a $34.00 price objective on shares of Veritex in a research note on Monday, March 17th. Finally, Hovde Group upgraded Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price on the stock in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.