Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Solutions 4 Wealth Ltd

Solutions 4 Wealth Ltd decreased its position in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 20.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,670 shares of the financial services provider's stock after selling 11,033 shares during the quarter. Veritex comprises about 2.0% of Solutions 4 Wealth Ltd's holdings, making the stock its 10th largest position. Solutions 4 Wealth Ltd owned 0.08% of Veritex worth $1,132,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. USA Financial Formulas purchased a new position in shares of Veritex in the 4th quarter worth $32,000. R Squared Ltd purchased a new position in shares of Veritex in the 4th quarter worth about $45,000. GAMMA Investing LLC lifted its stake in shares of Veritex by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 431 shares in the last quarter. Systematic Financial Management LP acquired a new position in shares of Veritex in the 3rd quarter valued at about $98,000. Finally, KBC Group NV grew its holdings 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 period. 88.31% of the stock is owned by institutional investors and hedge funds.

Veritex Stock Performance

VBTX traded up $0.58 during trading hours on Tuesday, hitting $27.25. 93,529 shares of the stock were exchanged, compared to its average volume of 438,733. The stock has a 50-day simple moving average of $27.41 and a 200-day simple moving average of $26.51. Veritex Holdings, Inc. has a 12 month low of $18.08 and a 12 month high of $31.62. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 13.92 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 (NASDAQ:VBTX - Get Free Report) last announced its quarterly earnings data 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%. Analysts anticipate that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Friday, February 14th. Veritex's dividend payout ratio is presently 41.03%.

Analyst Ratings Changes

Several research firms have issued reports on VBTX. Keefe, Bruyette & Woods downgraded shares of Veritex from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 24th. 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 report on Thursday, January 30th. DA Davidson reduced 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. Raymond James reduced 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. Finally, Stephens reduced 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 research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Veritex presently has a consensus rating of "Moderate Buy" and an average price target of $31.50.

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.