BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases Shares of 21,800 Veritex Holdings, Inc. (NASDAQ:VBTX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,800 shares of the financial services provider's stock, valued at approximately $460,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in Veritex by 968.5% in the first quarter. Assenagon Asset Management S.A. now owns 566,284 shares of the financial services provider's stock valued at $11,603,000 after acquiring an additional 513,284 shares during the period. Kennedy Capital Management LLC acquired a new position in Veritex in the first quarter valued at approximately $9,139,000. F M Investments LLC acquired a new position in Veritex in the second quarter valued at approximately $8,483,000. Dimensional Fund Advisors LP boosted its stake in Veritex by 19.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,853,774 shares of the financial services provider's stock valued at $43,139,000 after acquiring an additional 305,980 shares during the period. Finally, First Trust Advisors LP boosted its stake in Veritex by 23.2% in the fourth quarter. First Trust Advisors LP now owns 1,303,041 shares of the financial services provider's stock valued at $30,322,000 after acquiring an additional 245,133 shares during the period. 88.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on VBTX. Stephens lifted their target price on Veritex from $24.00 to $27.00 and gave the company an "equal weight" rating in a research note on Thursday, July 25th. StockNews.com upgraded Veritex from a "sell" rating to a "hold" rating in a research report on Wednesday, May 29th. DA Davidson reiterated a "buy" rating and set a $29.00 price objective on shares of Veritex in a research report on Wednesday, August 28th. Finally, Piper Sandler boosted their price objective on Veritex from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $27.50.

Veritex Price Performance

NASDAQ:VBTX traded down $0.38 during midday trading on Wednesday, hitting $24.26. 364,952 shares of the stock were exchanged, compared to its average volume of 401,306. Veritex Holdings, Inc. has a one year low of $15.93 and a one year high of $25.84. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 14.20 and a beta of 1.38. The business has a 50-day moving average price of $22.91 and a two-hundred day moving average price of $21.08. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). Veritex had a return on equity of 7.97% and a net margin of 11.52%. The firm had revenue of $106.81 million for the quarter, compared to the consensus estimate of $108.39 million. During the same period in the previous year, the firm earned $0.64 EPS. Veritex's revenue for the quarter was down 6.7% on a year-over-year basis. Sell-side analysts predict that Veritex Holdings, Inc. will post 2.14 EPS for the current year.

Veritex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.20 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.80 annualized dividend and a dividend yield of 3.30%. Veritex's dividend payout ratio is currently 46.51%.

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.