Great Lakes Advisors LLC decreased its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 177,877 shares of the financial services provider's stock after selling 15,992 shares during the quarter. Great Lakes Advisors LLC owned 0.33% of Veritex worth $4,831,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. USA Financial Formulas bought a new position in Veritex in the fourth quarter worth $32,000. R Squared Ltd bought a new position in shares of Veritex during the 4th quarter worth about $45,000. GAMMA Investing LLC boosted its position in shares of Veritex by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock valued at $91,000 after acquiring an additional 431 shares in the last quarter. Systematic Financial Management LP bought a new stake in Veritex in the third quarter valued at about $98,000. Finally, KBC Group NV raised its position in Veritex by 73.5% in the fourth quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock worth $104,000 after purchasing an additional 1,621 shares in the last quarter. Institutional investors and hedge funds own 88.31% of the company's stock.
Analysts Set New Price Targets
Several research analysts have issued reports on VBTX shares. Stephens dropped their price objective on Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a research note 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 target for the company in a report on Thursday, January 30th. DA Davidson decreased their price objective on shares of Veritex from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Finally, Raymond James dropped their price objective on shares of Veritex from $32.00 to $31.00 and set a "strong-buy" rating for the company in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Veritex presently has an average rating of "Moderate Buy" and an average target price of $31.50.
View Our Latest Research Report on VBTX
Veritex Stock Down 1.6 %
NASDAQ VBTX opened at $23.85 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. Veritex Holdings, Inc. has a 52 week low of $18.08 and a 52 week high of $31.62. The stock has a market capitalization of $1.30 billion, a P/E ratio of 12.23 and a beta of 1.36. The stock has a fifty day moving average of $26.04 and a 200-day moving average of $26.88.
Veritex (NASDAQ:VBTX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share 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 EPS for the current year.
Veritex Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.35%. Veritex's payout ratio is currently 41.03%.
About Veritex
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding VBTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Veritex, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veritex wasn't on the list.
While Veritex currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
