Salzhauer Michael Buys 15,779 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Salzhauer Michael boosted its position in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 47.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,177 shares of the financial services provider's stock after purchasing an additional 15,779 shares during the period. Veritex accounts for about 0.5% of Salzhauer Michael's portfolio, making the stock its 29th biggest holding. Salzhauer Michael owned about 0.09% of Veritex worth $1,336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. USA Financial Formulas acquired a new stake in shares of Veritex in the fourth quarter valued at about $32,000. R Squared Ltd acquired a new stake in shares of Veritex in the fourth quarter valued at about $45,000. GAMMA Investing LLC increased its stake in shares of Veritex by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock valued at $91,000 after buying an additional 431 shares during the period. Systematic Financial Management LP acquired a new stake in shares of Veritex in the third quarter valued at about $98,000. Finally, KBC Group NV increased its stake in shares of Veritex by 73.5% in the fourth quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock valued at $104,000 after buying an additional 1,621 shares during the period. Institutional investors and hedge funds own 88.31% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VBTX shares. Hovde Group raised Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price target for the company in a research note on Thursday, January 30th. Raymond James decreased their target price on Veritex from $32.00 to $31.00 and set a "strong-buy" rating for the company in a research note on Thursday, January 30th. StockNews.com raised Veritex from a "sell" rating to a "hold" rating in a research note on Wednesday, October 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. 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 given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.50.

Veritex Stock Up 0.8 %

NASDAQ:VBTX traded up $0.21 on Thursday, hitting $26.71. The stock had a trading volume of 337,203 shares, compared to its average volume of 439,631. The business's fifty day moving average is $27.28 and its 200 day moving average is $26.53. The company has a market cap of $1.46 billion, a PE ratio of 13.70 and a beta of 1.38. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. Veritex Holdings, Inc. has a 52 week low of $18.08 and a 52 week high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its quarterly 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 return on equity of 7.59% and a net margin of 13.44%. On average, equities research analysts expect that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 3.00%. Veritex's payout ratio is currently 41.03%.

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.