Stephens Inc. AR Has $736,000 Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Stephens Inc. AR reduced its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 51.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,967 shares of the financial services provider's stock after selling 29,988 shares during the quarter. Stephens Inc. AR owned about 0.05% of Veritex worth $736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in Veritex by 38.7% during the 1st quarter. BNP Paribas Financial Markets now owns 53,362 shares of the financial services provider's stock worth $1,093,000 after buying an additional 14,884 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of Veritex during the first quarter worth about $332,000. Fidelis Capital Partners LLC bought a new position in shares of Veritex during the 1st quarter valued at about $29,000. Texas Permanent School Fund Corp grew its position in shares of Veritex by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 47,556 shares of the financial services provider's stock valued at $974,000 after purchasing an additional 650 shares during the period. Finally, Quantbot Technologies LP increased its stake in Veritex by 1,599.8% during the 1st quarter. Quantbot Technologies LP now owns 39,232 shares of the financial services provider's stock worth $804,000 after purchasing an additional 36,924 shares in the last quarter. 88.31% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO C Malcolm Holland III sold 12,777 shares of Veritex stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $27.69, for a total transaction of $353,795.13. Following the completion of the transaction, the chief executive officer now owns 224,132 shares in the company, valued at approximately $6,206,215.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VBTX shares. DA Davidson upped their price target on shares of Veritex from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Piper Sandler boosted their price target on Veritex from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Stephens increased their price objective on Veritex from $24.00 to $27.00 and gave the stock an "equal weight" rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods cut Veritex from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 24th. Finally, StockNews.com raised shares of Veritex from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Veritex presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

Veritex Stock Up 13.0 %

VBTX traded up $3.49 on Wednesday, hitting $30.34. 828,986 shares of the company were exchanged, compared to its average volume of 405,925. The stock's fifty day moving average is $25.86 and its 200-day moving average is $23.03. Veritex Holdings, Inc. has a 12 month low of $17.43 and a 12 month high of $30.64. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $1.65 billion, a PE ratio of 19.37 and a beta of 1.36.

Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.55 by $0.04. The company had revenue of $113.17 million during the quarter, compared to the consensus estimate of $110.22 million. Veritex had a return on equity of 7.79% and a net margin of 11.11%. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. Equities research analysts predict that Veritex Holdings, Inc. will post 2.14 EPS for the current fiscal year.

Veritex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. Veritex's dividend payout ratio is presently 51.28%.

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.