Ieq Capital LLC Makes New Investment in Veritex Holdings, Inc. (NASDAQ:VBTX)

Ieq Capital LLC purchased a new stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 20,210 shares of the financial services provider's stock, valued at approximately $549,000.

Other institutional investors have also added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in shares of Veritex during the 4th quarter valued at about $32,000. R Squared Ltd bought a new position in shares of Veritex during the 4th quarter worth approximately $45,000. GAMMA Investing LLC grew 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 worth $91,000 after buying an additional 431 shares during the period. Systematic Financial Management LP bought a new stake in shares of Veritex in the 3rd quarter valued at $98,000. Finally, KBC Group NV lifted its position in shares of Veritex by 73.5% during the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock valued at $104,000 after acquiring an additional 1,621 shares during the period. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Veritex Stock Up 1.4 %

Shares of VBTX traded up $0.36 during trading hours on Friday, reaching $26.34. 278,740 shares of the stock traded hands, compared to its average volume of 413,914. Veritex Holdings, Inc. has a 52 week low of $18.08 and a 52 week high of $31.62. The stock has a fifty day simple moving average of $26.57 and a 200 day simple moving average of $26.81. 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 company has a market cap of $1.44 billion, a price-to-earnings ratio of 13.51 and a beta of 1.38.

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Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.54 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, equities analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 3.04%. Veritex's payout ratio is currently 41.03%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VBTX. Raymond James reduced their price target on shares of Veritex from $32.00 to $31.00 and set a "strong-buy" rating for the company in a research report on Thursday, January 30th. Stephens decreased 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. DA Davidson dropped their price target on shares of Veritex from $36.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Finally, Hovde Group raised Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price objective for the company in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $31.50.

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.