F M Investments LLC Boosts Stock Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

F M Investments LLC increased its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 25.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 504,195 shares of the financial services provider's stock after acquiring an additional 101,973 shares during the quarter. F M Investments LLC owned approximately 0.92% of Veritex worth $13,271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VBTX. Vanguard Group Inc. lifted its stake in shares of Veritex by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 3,772,114 shares of the financial services provider's stock valued at $87,777,000 after buying an additional 52,933 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Veritex by 16.4% in the first quarter. Westwood Holdings Group Inc. now owns 1,668,743 shares of the financial services provider's stock valued at $34,193,000 after buying an additional 235,154 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Veritex by 1,599.8% in the first quarter. Quantbot Technologies LP now owns 39,232 shares of the financial services provider's stock valued at $804,000 after buying an additional 36,924 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new position in shares of Veritex in the second quarter valued at $566,000. Finally, Renaissance Technologies LLC bought a new position in shares of Veritex in the second quarter valued at $730,000. 88.31% of the stock is owned by institutional investors.

Veritex Stock Up 0.1 %

Shares of VBTX stock traded up $0.03 on Friday, hitting $27.03. The stock had a trading volume of 432,095 shares, compared to its average volume of 395,099. Veritex Holdings, Inc. has a 12-month low of $17.43 and a 12-month high of $28.46. The business has a 50 day moving average of $25.77 and a 200 day moving average of $22.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 17.33 and a beta of 1.36.

Veritex (NASDAQ:VBTX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.04. Veritex had a net margin of 11.11% and a return on equity of 7.79%. The business had revenue of $113.17 million during the quarter, compared to the consensus estimate of $110.22 million. During the same quarter last year, the company posted $0.60 earnings per share. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts expect that Veritex Holdings, Inc. will post 2.14 EPS for the current year.

Veritex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.96%. Veritex's dividend payout ratio (DPR) is presently 51.28%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VBTX. Raymond James raised shares of Veritex from a "market perform" rating to a "strong-buy" rating and set a $30.00 price objective on the stock in a research note on Tuesday, September 17th. Piper Sandler increased their target price on shares of Veritex from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. DA Davidson increased their target price on shares of Veritex from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, October 24th. StockNews.com upgraded shares of Veritex from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods downgraded shares of Veritex from an "outperform" rating to a "market perform" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $29.40.

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.