Sei Investments Co. Trims Stake in Veritex Holdings, Inc. (NASDAQ:VBTX)

Sei Investments Co. lessened its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 373,253 shares of the financial services provider's stock after selling 39,385 shares during the quarter. Sei Investments Co. owned 0.69% of Veritex worth $10,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas purchased a new position in shares of Veritex in the 4th quarter worth about $32,000. R Squared Ltd purchased a new position in Veritex in the fourth quarter valued at about $45,000. GAMMA Investing LLC grew its position in shares of Veritex by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock valued at $91,000 after acquiring an additional 431 shares during the period. Systematic Financial Management LP bought a new position in shares of Veritex during the 3rd quarter valued at approximately $98,000. Finally, KBC Group NV increased its stake in shares of Veritex by 73.5% during the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock worth $104,000 after purchasing an additional 1,621 shares during the last quarter. Institutional investors own 88.31% of the company's stock.

Veritex Price Performance

NASDAQ VBTX traded down $0.13 during trading on Wednesday, reaching $24.51. The company's stock had a trading volume of 128,834 shares, compared to its average volume of 373,504. The stock has a market capitalization of $1.34 billion, a PE ratio of 12.57 and a beta of 1.10. 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 one year low of $18.74 and a one year high of $31.62. The firm has a fifty day moving average of $25.70 and a 200 day moving average of $26.93.

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Veritex (NASDAQ:VBTX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share 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%. Analysts expect that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 3.26%. Veritex's payout ratio is currently 41.03%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Raymond James lowered Veritex from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $31.00 to $28.00 in a report on Wednesday. Hovde Group upgraded shares of Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price for the company in a research report on Thursday, January 30th. Stephens reduced their target price on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a research note 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 note on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.90.

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.