Salzhauer Michael lifted its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 47.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,177 shares of the financial services provider's stock after purchasing an additional 15,779 shares during the quarter. Salzhauer Michael owned about 0.09% of Veritex worth $1,336,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in VBTX. Gamco Investors INC. ET AL boosted its position in shares of Veritex by 13.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 26,000 shares of the financial services provider's stock worth $706,000 after acquiring an additional 3,000 shares during the last quarter. Barclays PLC boosted its holdings in shares of Veritex by 5.1% in the 4th quarter. Barclays PLC now owns 123,585 shares of the financial services provider's stock valued at $3,356,000 after purchasing an additional 5,976 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Veritex by 25,046.2% during the 4th quarter. Sterling Capital Management LLC now owns 45,766 shares of the financial services provider's stock valued at $1,243,000 after buying an additional 45,584 shares during the period. Kennedy Capital Management LLC increased its holdings in shares of Veritex by 52.6% during the 4th quarter. Kennedy Capital Management LLC now owns 601,276 shares of the financial services provider's stock worth $16,331,000 after buying an additional 207,376 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Veritex in the 4th quarter worth $6,974,000. 88.31% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. 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 note on Thursday, January 30th. DA Davidson reiterated a "buy" rating and set a $34.00 price objective on shares of Veritex in a research note on Monday, March 17th. Stephens reduced their price target on Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. Finally, Raymond James downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.90.
Check Out Our Latest Stock Report on VBTX
Veritex Stock Performance
Shares of Veritex stock traded up $0.30 during trading on Friday, hitting $21.79. 620,847 shares of the stock were exchanged, compared to its average volume of 395,267. The stock has a market cap of $1.19 billion, a PE ratio of 11.17 and a beta of 1.11. The stock's fifty day moving average is $24.20 and its 200 day moving average is $26.50. Veritex Holdings, Inc. has a 12 month low of $18.74 and a 12 month high of $31.62. 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 (NASDAQ:VBTX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.54 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%. As a group, sell-side analysts anticipate that Veritex Holdings, Inc. will post 2.26 EPS for the current year.
Veritex Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.67%. The ex-dividend date was Friday, February 14th. Veritex's payout ratio is currently 41.03%.
About Veritex
(
Free Report)
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.
Featured Articles
Before you consider Veritex, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veritex wasn't on the list.
While Veritex currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
