Canada Pension Plan Investment Board Purchases Shares of 38,900 Veritex Holdings, Inc. (NASDAQ:VBTX)

Canada Pension Plan Investment Board acquired a new position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 38,900 shares of the financial services provider's stock, valued at approximately $1,057,000. Canada Pension Plan Investment Board owned 0.07% of Veritex as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in Veritex by 63.8% during the 3rd quarter. Barclays PLC now owns 117,609 shares of the financial services provider's stock valued at $3,095,000 after purchasing an additional 45,787 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Veritex by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,293,966 shares of the financial services provider's stock valued at $34,064,000 after buying an additional 18,185 shares during the period. Franklin Resources Inc. boosted its position in shares of Veritex by 1.0% during the third quarter. Franklin Resources Inc. now owns 73,421 shares of the financial services provider's stock valued at $1,920,000 after buying an additional 701 shares during the period. JPMorgan Chase & Co. grew its stake 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 valued at $16,618,000 after buying an additional 122,809 shares during the last quarter. Finally, GAMMA Investing LLC raised 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 worth $91,000 after buying an additional 431 shares during the period. Institutional investors own 88.31% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on VBTX. Hovde Group raised Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price objective on the stock in a research report on Thursday, January 30th. Raymond James cut shares of Veritex from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $31.00 to $28.00 in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price objective on shares of Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a report on Thursday. Stephens restated an "equal weight" rating and issued a $30.00 target price on shares of Veritex in a research note on Wednesday. Finally, DA Davidson reduced their target price on shares of Veritex from $34.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.25.

Veritex Stock Up 0.7 %

Veritex stock traded up $0.17 during midday trading on Friday, hitting $23.30. 422,739 shares of the company's stock were exchanged, compared to its average volume of 393,299. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. The company has a market cap of $1.27 billion, a PE ratio of 11.95 and a beta of 1.11. The firm has a 50-day moving average of $23.81 and a two-hundred day moving average of $26.42. 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 issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Veritex had a net margin of 13.44% and a return on equity of 7.59%. The company had revenue of $109.73 million for the quarter, compared to analyst estimates of $110.73 million. During the same period last year, the company posted $0.53 earnings per share. As a group, analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.78%. The ex-dividend date is Thursday, May 8th. This is a positive change from Veritex's previous quarterly dividend of $0.20. Veritex's payout ratio is 41.03%.

Veritex Company 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.