Quantbot Technologies LP Invests $599,000 in Veritex Holdings, Inc. (NASDAQ:VBTX)

Quantbot Technologies LP acquired a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,046 shares of the financial services provider's stock, valued at approximately $599,000.

Other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas increased its stake in shares of Veritex by 6.6% in the fourth quarter. Teacher Retirement System of Texas now owns 17,020 shares of the financial services provider's stock worth $462,000 after acquiring an additional 1,050 shares during the period. Commonwealth Equity Services LLC grew its position in Veritex by 9.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 28,800 shares of the financial services provider's stock worth $782,000 after purchasing an additional 2,437 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Veritex during the 4th quarter valued at about $1,080,000. AlphaQuest LLC lifted its holdings in shares of Veritex by 141,268.2% in the 4th quarter. AlphaQuest LLC now owns 31,101 shares of the financial services provider's stock valued at $845,000 after buying an additional 31,079 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Veritex in the fourth quarter worth about $6,974,000. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on VBTX shares. Hovde Group upgraded Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price target for the company in a research report on Thursday, January 30th. Stephens cut their target price on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. Raymond James lowered their price target 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. Finally, DA Davidson restated a "buy" rating and set a $34.00 price target on shares of Veritex in a research report on Monday, March 17th. Three 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

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Veritex Price Performance

Shares of NASDAQ:VBTX traded down $0.33 during midday trading on Tuesday, reaching $24.64. 294,611 shares of the company's stock traded hands, compared to its average volume of 384,607. The company has a market cap of $1.34 billion, a P/E ratio of 12.64 and a beta of 1.36. The company has a fifty day simple moving average of $25.70 and a two-hundred day simple moving average of $26.93. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. Veritex Holdings, Inc. has a 1 year low of $18.74 and a 1 year high of $31.62.

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

Veritex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 3.25%. Veritex's dividend payout ratio (DPR) is currently 41.03%.

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.