Assenagon Asset Management S.A. Has $21.25 Million Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Assenagon Asset Management S.A. boosted its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 67.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 807,294 shares of the financial services provider's stock after buying an additional 325,569 shares during the quarter. Assenagon Asset Management S.A. owned 1.48% of Veritex worth $21,248,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its holdings in shares of Veritex by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 27,400 shares of the financial services provider's stock worth $578,000 after buying an additional 500 shares during the period. Texas Permanent School Fund Corp grew its position in Veritex by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 47,556 shares of the financial services provider's stock worth $974,000 after purchasing an additional 650 shares in the last quarter. ProShare Advisors LLC grew its position in Veritex by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 10,622 shares of the financial services provider's stock worth $218,000 after purchasing an additional 728 shares in the last quarter. Point72 DIFC Ltd raised its stake in Veritex by 16.5% during the 2nd quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 816 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Veritex in the second quarter worth $25,000. Institutional investors own 88.31% of the company's stock.

Veritex Stock Down 1.4 %

VBTX traded down $0.39 during midday trading on Friday, hitting $27.08. 244,033 shares of the company's stock traded hands, compared to its average volume of 402,922. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $1.48 billion, a PE ratio of 15.74 and a beta of 1.37. The stock's fifty day simple moving average is $25.36 and its 200-day simple moving average is $22.62. Veritex Holdings, Inc. has a one year low of $16.84 and a one year high of $28.46.

Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.04. The business had revenue of $113.17 million for the quarter, compared to the consensus estimate of $110.22 million. Veritex had a net margin of 11.11% and a return on equity of 7.88%. Veritex's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. As a group, equities analysts anticipate that Veritex Holdings, Inc. will post 2.13 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.95%. Veritex's dividend payout ratio is currently 46.51%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VBTX. Raymond James raised Veritex from a "market perform" rating to a "strong-buy" rating and set a $30.00 price target on the stock in a research report on Tuesday, September 17th. DA Davidson increased their price target on shares of Veritex from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday. Piper Sandler raised their price target on shares of Veritex from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday. StockNews.com downgraded shares of Veritex from a "hold" rating to a "sell" rating in a research report on Tuesday. Finally, Stephens lifted their target price on shares of Veritex from $24.00 to $27.00 and gave the company an "equal weight" rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.40.

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.