Dana Investment Advisors Inc. Has $6.09 Million Stock Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Dana Investment Advisors Inc. reduced its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,114 shares of the financial services provider's stock after selling 12,898 shares during the quarter. Dana Investment Advisors Inc. owned 0.41% of Veritex worth $6,087,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Veritex by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock valued at $91,000 after buying an additional 431 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Veritex by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 73,421 shares of the financial services provider's stock worth $1,920,000 after buying an additional 701 shares during the period. USA Financial Formulas acquired a new stake in Veritex in the 4th quarter valued at $32,000. Harbor Capital Advisors Inc. grew its holdings in shares of Veritex by 9.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,957 shares of the financial services provider's stock worth $446,000 after purchasing an additional 1,405 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Veritex by 73.5% during the fourth quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock worth $104,000 after buying an additional 1,621 shares in the last quarter. 88.31% of the stock is owned by institutional investors.

Remove Ads

Veritex Stock Down 3.8 %

Shares of NASDAQ:VBTX traded down $0.92 during midday trading on Monday, reaching $23.47. The company had a trading volume of 359,214 shares, compared to its average volume of 369,073. The stock has a market cap of $1.28 billion, a PE ratio of 12.04 and a beta of 1.36. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. Veritex Holdings, Inc. has a 1-year low of $18.08 and a 1-year high of $31.62. The business's 50 day moving average price is $26.29 and its 200 day moving average price is $26.92.

Veritex (NASDAQ:VBTX - Get Free Report) last released 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 net margin of 13.44% and a return on equity of 7.59%. Research analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Announces Dividend

The business also recently disclosed 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 was Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 3.41%. Veritex's dividend payout ratio (DPR) is presently 41.03%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VBTX shares. DA Davidson reduced their target price on Veritex from $36.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Raymond James dropped their target price on shares of Veritex from $32.00 to $31.00 and set a "strong-buy" rating for the company in a research note on Thursday, January 30th. Stephens decreased their price target on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 30th. Finally, Hovde Group upgraded 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. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Veritex presently has an average rating of "Moderate Buy" and an average price target of $31.50.

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.