Peregrine Capital Management LLC Acquires 29,803 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Peregrine Capital Management LLC boosted its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,336 shares of the financial services provider's stock after buying an additional 29,803 shares during the quarter. Peregrine Capital Management LLC owned 0.40% of Veritex worth $5,903,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Basswood Capital Management L.L.C. acquired a new position in Veritex in the 3rd quarter worth approximately $11,139,000. Assenagon Asset Management S.A. lifted its stake in shares of Veritex by 67.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 807,294 shares of the financial services provider's stock valued at $21,248,000 after purchasing an additional 325,569 shares during the last quarter. Stieven Capital Advisors L.P. boosted its holdings in Veritex by 39.0% in the third quarter. Stieven Capital Advisors L.P. now owns 561,636 shares of the financial services provider's stock worth $14,782,000 after purchasing an additional 157,571 shares in the last quarter. Raymond James & Associates acquired a new position in Veritex during the third quarter worth $3,971,000. Finally, JPMorgan Chase & Co. lifted its holdings in Veritex by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider's stock worth $16,618,000 after purchasing an additional 122,809 shares during the last quarter. Institutional investors own 88.31% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on VBTX shares. Piper Sandler lifted their target price on shares of Veritex from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Raymond James dropped their target price on shares of Veritex from $32.00 to $31.00 and set a "strong-buy" rating on the stock in a report on Thursday, January 30th. DA Davidson decreased their target price on Veritex from $36.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. StockNews.com upgraded Veritex from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Finally, Stephens decreased their target price on Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $31.50.

Veritex Stock Performance

Shares of NASDAQ VBTX traded down $0.14 during mid-day trading on Friday, hitting $26.00. The company had a trading volume of 520,609 shares, compared to its average volume of 423,950. The firm has a market cap of $1.42 billion, a P/E ratio of 13.33 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.94. Veritex Holdings, Inc. has a 12 month low of $18.08 and a 12 month high of $31.62. The business's 50-day simple moving average is $26.86 and its 200-day simple moving average is $26.60.

Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. As a group, analysts predict that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.08%. Veritex's dividend payout ratio is currently 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.