Invesco Ltd. Sells 191,622 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Invesco Ltd. reduced its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 31.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 422,753 shares of the financial services provider's stock after selling 191,622 shares during the quarter. Invesco Ltd. owned about 0.78% of Veritex worth $11,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in VBTX. USA Financial Formulas bought a new stake in shares of Veritex during the fourth quarter worth approximately $32,000. R Squared Ltd bought a new stake in shares of Veritex during the 4th quarter valued at $45,000. GAMMA Investing LLC lifted 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 purchasing an additional 431 shares during the period. KBC Group NV boosted its position in shares of Veritex by 73.5% in the 4th 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 during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Veritex by 9.8% during the fourth quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider's stock worth $146,000 after purchasing an additional 481 shares during the period. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VBTX shares. Hovde Group raised Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price on the stock in a research note on Thursday, January 30th. DA Davidson reissued a "buy" rating and set a $34.00 price objective on shares of Veritex in a research note on Monday, March 17th. Raymond James downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Finally, Stephens reduced 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 report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Veritex currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.90.

Veritex Stock Performance

Shares of VBTX stock opened at $22.12 on Wednesday. The company has a market capitalization of $1.20 billion, a P/E ratio of 11.34 and a beta of 1.11. Veritex Holdings, Inc. has a 52 week low of $18.74 and a 52 week high of $31.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. The company's 50 day moving average price is $24.00 and its two-hundred day moving average price is $26.46.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The business had revenue of $109.73 million for the quarter, compared to analyst estimates of $110.73 million. Veritex had a net margin of 13.44% and a return on equity of 7.59%. During the same period last year, the business posted $0.53 earnings per share. On average, analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a dividend of $0.22 per share. This is a boost from Veritex's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 3.98%. Veritex's dividend payout ratio is currently 41.03%.

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.

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