Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Veritex Holdings, Inc. (NASDAQ:VBTX)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 39,748 shares of the financial services provider's stock, valued at approximately $1,080,000. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of Veritex as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of VBTX. Atria Investments Inc purchased a new stake in shares of Veritex during the 3rd quarter valued at $220,000. Mutual of America Capital Management LLC purchased a new stake in Veritex during the third quarter valued at about $215,000. LMR Partners LLP purchased a new stake in Veritex during the third quarter valued at about $276,000. Meeder Asset Management Inc. increased its stake in Veritex by 319.3% during the third quarter. Meeder Asset Management Inc. now owns 4,885 shares of the financial services provider's stock worth $129,000 after acquiring an additional 3,720 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Veritex by 16.9% in the 3rd quarter. Intech Investment Management LLC now owns 25,391 shares of the financial services provider's stock worth $668,000 after purchasing an additional 3,671 shares during the period. Institutional investors and hedge funds own 88.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VBTX. Stephens dropped their target price on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. Hovde Group raised shares of 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. Raymond James reduced their target price 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, DA Davidson restated a "buy" rating and issued a $34.00 price target on shares of Veritex in a report on Monday, March 17th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Veritex currently has an average rating of "Moderate Buy" and an average target price of $31.50.

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Veritex Stock Performance

Veritex stock traded up $0.62 during midday trading on Monday, reaching $25.14. 194,394 shares of the stock traded hands, compared to its average volume of 356,089. Veritex Holdings, Inc. has a fifty-two week low of $18.74 and a fifty-two week high of $31.62. 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 cap of $1.37 billion, a price-to-earnings ratio of 12.89 and a beta of 1.36. The firm has a fifty day moving average price of $25.89 and a two-hundred day moving average price of $26.90.

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 (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). Veritex had a return on equity of 7.59% and a net margin of 13.44%. On average, equities research analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Friday, February 14th. Veritex's dividend payout ratio is currently 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.