Curi RMB Capital LLC Trims Stock Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Curi RMB Capital LLC trimmed its stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 528,878 shares of the financial services provider's stock after selling 32,264 shares during the quarter. Curi RMB Capital LLC owned approximately 0.97% of Veritex worth $14,364,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in Veritex by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,803,752 shares of the financial services provider's stock worth $76,149,000 after purchasing an additional 125,189 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Veritex during the fourth quarter worth about $1,057,000. Salzhauer Michael raised its position in shares of Veritex by 47.2% in the fourth quarter. Salzhauer Michael now owns 49,177 shares of the financial services provider's stock valued at $1,336,000 after buying an additional 15,779 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Veritex by 13.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 26,000 shares of the financial services provider's stock valued at $706,000 after buying an additional 3,000 shares during the period. Finally, Barclays PLC boosted its position in Veritex by 5.1% during the fourth quarter. Barclays PLC now owns 123,585 shares of the financial services provider's stock worth $3,356,000 after acquiring an additional 5,976 shares during the last quarter. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on VBTX shares. Stephens reissued an "equal weight" rating and set a $30.00 price target on shares of Veritex in a research note on Wednesday. Raymond James downgraded Veritex from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $31.00 to $28.00 in a research report on Wednesday, April 2nd. DA Davidson restated a "buy" rating and issued a $34.00 price target on shares of Veritex in a report on Monday, March 17th. Finally, Hovde Group upgraded shares of Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price objective on the stock in a report 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. Based on data from MarketBeat, Veritex presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.70.

Veritex Trading Up 5.1 %

NASDAQ:VBTX traded up $1.13 on Wednesday, hitting $23.25. 613,296 shares of the stock were exchanged, compared to its average volume of 396,814. The stock has a market cap of $1.27 billion, a PE ratio of 11.92 and a beta of 1.11. 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 stock has a fifty day moving average of $24.00 and a 200-day moving average of $26.46.

Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $110.73 million. During the same period in the previous year, the firm earned $0.53 earnings per share. As a group, equities 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. Stockholders of record on Thursday, May 8th will be paid a $0.22 dividend. The ex-dividend date is Thursday, May 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.78%. This is a positive change from Veritex's previous quarterly dividend of $0.20. Veritex's dividend payout ratio (DPR) is 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.