State of New Jersey Common Pension Fund D Cuts Stock Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

State of New Jersey Common Pension Fund D decreased its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,179 shares of the financial services provider's stock after selling 12,971 shares during the period. State of New Jersey Common Pension Fund D owned about 0.15% of Veritex worth $2,178,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Basswood Capital Management L.L.C. bought a new position in shares of Veritex in the 3rd quarter worth $11,139,000. Assenagon Asset Management S.A. grew its stake in Veritex by 67.6% in the third quarter. Assenagon Asset Management S.A. now owns 807,294 shares of the financial services provider's stock valued at $21,248,000 after purchasing an additional 325,569 shares during the last quarter. Stieven Capital Advisors L.P. raised its holdings in Veritex by 39.0% in the third quarter. Stieven Capital Advisors L.P. now owns 561,636 shares of the financial services provider's stock worth $14,782,000 after purchasing an additional 157,571 shares in the last quarter. Raymond James & Associates purchased a new stake in shares of Veritex during the third quarter valued at about $3,971,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Veritex by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider's stock valued at $16,618,000 after buying an additional 122,809 shares in the last quarter. Hedge funds and other institutional investors own 88.31% of the company's stock.

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Analyst Ratings Changes

A number of research firms recently commented on VBTX. Stephens decreased 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 report on Thursday, January 30th. StockNews.com upgraded Veritex from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Hovde Group raised Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price on the stock in a research report on Thursday, January 30th. Raymond James decreased their price target 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, DA Davidson dropped their price target on Veritex from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Veritex has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

Veritex Stock Performance

NASDAQ:VBTX traded up $0.01 during midday trading on Tuesday, hitting $25.80. The company's stock had a trading volume of 376,808 shares, compared to its average volume of 423,753. 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 fifty-two week low of $18.08 and a fifty-two week high of $31.62. The firm's 50 day moving average is $26.63 and its 200-day moving average is $26.75. The firm has a market cap of $1.41 billion, a P/E ratio of 13.23 and a beta of 1.38.

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

Veritex Dividend Announcement

The business 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. This represents a $0.80 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, February 14th. Veritex's payout ratio is presently 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.