Mendon Capital Advisors Corp Has $7.05 Million Stock Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Mendon Capital Advisors Corp cut its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 264,000 shares of the financial services provider's stock after selling 36,000 shares during the period. Veritex makes up 3.5% of Mendon Capital Advisors Corp's holdings, making the stock its 9th biggest holding. Mendon Capital Advisors Corp owned 0.48% of Veritex worth $7,048,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VBTX. Schroder Investment Management Group bought a new position in shares of Veritex in the fourth quarter valued at approximately $11,172,000. Raymond James Financial Inc. purchased a new position in Veritex during the 4th quarter worth $6,974,000. Kennedy Capital Management LLC grew its stake in shares of Veritex by 52.6% in the 4th quarter. Kennedy Capital Management LLC now owns 601,276 shares of the financial services provider's stock worth $16,331,000 after acquiring an additional 207,376 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Veritex in the fourth quarter valued at about $3,797,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Veritex by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,803,752 shares of the financial services provider's stock valued at $76,149,000 after purchasing an additional 125,189 shares in the last quarter. Institutional investors own 88.31% of the company's stock.

Veritex Stock Performance

Shares of VBTX stock traded up $0.17 during trading on Friday, reaching $23.30. 422,739 shares of the company's stock traded hands, compared to its average volume of 393,299. Veritex Holdings, Inc. has a 1 year low of $18.74 and a 1 year high of $31.62. The company has a market capitalization of $1.27 billion, a P/E ratio of 11.95 and a beta of 1.11. 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 firm's 50-day moving average is $23.81 and its 200 day moving average is $26.42.

Veritex (NASDAQ:VBTX - Get Free Report) last posted its quarterly earnings results 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. Veritex had a return on equity of 7.59% and a net margin of 13.44%. The firm had revenue of $109.73 million during the quarter, compared to analyst estimates of $110.73 million. During the same period last year, the company earned $0.53 earnings per share. Equities research analysts expect that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Increases Dividend

The business also recently declared 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. The ex-dividend date is Thursday, May 8th. 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 3.78%. Veritex's dividend payout ratio is currently 41.03%.

Analysts Set New Price Targets

Several research firms have commented on VBTX. Stephens reissued an "equal weight" rating and set a $30.00 target price on shares of Veritex in a research report on Wednesday. Keefe, Bruyette & Woods cut their price objective on Veritex from $33.00 to $30.00 and set a "market perform" rating on the stock in a research report on Thursday. DA Davidson decreased their target price on Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday. Raymond James downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $31.00 to $28.00 in a report on Wednesday, April 2nd. Finally, Hovde Group upgraded shares of 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.25.

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.