F M Investments LLC Sells 334,831 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

F M Investments LLC cut its position in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 66.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 169,364 shares of the financial services provider's stock after selling 334,831 shares during the quarter. F M Investments LLC owned about 0.31% of Veritex worth $4,600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group acquired a new position in shares of Veritex during the fourth quarter worth approximately $11,172,000. Raymond James Financial Inc. acquired a new position in Veritex during the 4th quarter worth $6,974,000. Hillsdale Investment Management Inc. bought a new position in shares of Veritex in the fourth quarter worth $3,797,000. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 122,809 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Veritex by 13.0% during the third quarter. Wellington Management Group LLP now owns 680,766 shares of the financial services provider's stock valued at $17,918,000 after purchasing an additional 78,082 shares in the last quarter. 88.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VBTX has been the subject of a number of recent analyst reports. Raymond James lowered shares of Veritex from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Stephens cut their price target on shares of 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 issued a $34.00 target price on shares of Veritex in a research 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 target on the stock in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.90.

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Veritex Stock Performance

Shares of NASDAQ VBTX traded up $0.44 during trading hours on Tuesday, hitting $21.56. 533,284 shares of the stock were exchanged, compared to its average volume of 392,090. Veritex Holdings, Inc. has a one year low of $18.74 and a one year high of $31.62. The company's 50 day moving average is $24.64 and its 200 day moving average is $26.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a market capitalization of $1.17 billion, a P/E ratio of 11.06 and a beta of 1.11.

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

Veritex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.71%. The ex-dividend date was Friday, February 14th. Veritex's dividend payout ratio is currently 41.03%.

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.