JPMorgan Chase & Co. Has $19.36 Million Stock Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

JPMorgan Chase & Co. grew its position in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 12.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 712,727 shares of the financial services provider's stock after buying an additional 81,355 shares during the period. JPMorgan Chase & Co. owned 1.31% of Veritex worth $19,358,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VBTX. Prudential Financial Inc. raised its holdings in Veritex by 3.2% during the 4th quarter. Prudential Financial Inc. now owns 293,648 shares of the financial services provider's stock worth $7,975,000 after purchasing an additional 9,115 shares during the last quarter. Tieton Capital Management LLC raised its stake in shares of Veritex by 23.3% during the fourth quarter. Tieton Capital Management LLC now owns 325,383 shares of the financial services provider's stock worth $8,837,000 after buying an additional 61,435 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Veritex by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,874,917 shares of the financial services provider's stock worth $105,243,000 after buying an additional 39,746 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Veritex in the fourth quarter valued at approximately $332,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Veritex during the 4th quarter worth $3,797,000. Institutional investors own 88.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on VBTX shares. Stephens cut their price target on Veritex from $34.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 30th. DA Davidson restated a "buy" rating and set a $34.00 target price on shares of Veritex in a report on Monday, March 17th. Hovde Group upgraded Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price for the company in a research report on Thursday, January 30th. Finally, Raymond James downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $30.90.

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Veritex Trading Up 2.8 %

Shares of Veritex stock traded up $0.59 during trading hours on Tuesday, hitting $21.71. The company's stock had a trading volume of 219,602 shares, compared to its average volume of 390,877. Veritex Holdings, Inc. has a 12 month low of $18.74 and a 12 month high of $31.62. 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 company has a market capitalization of $1.18 billion, a PE ratio of 11.13 and a beta of 1.11. The stock has a 50 day moving average of $24.64 and a 200 day moving average of $26.62.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 EPS 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%. Analysts predict that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Friday, February 14th. Veritex's payout ratio is presently 41.03%.

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.