Sterling Capital Management LLC lifted its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 25,046.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,766 shares of the financial services provider's stock after purchasing an additional 45,584 shares during the quarter. Sterling Capital Management LLC owned 0.08% of Veritex worth $1,243,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings 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. Meeder Asset Management Inc. lifted its stake in Veritex by 9.8% in the 4th quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider's stock valued at $146,000 after purchasing an additional 481 shares during the last quarter. Franklin Resources Inc. grew its position in Veritex by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 73,421 shares of the financial services provider's stock worth $1,920,000 after acquiring an additional 701 shares during the last quarter. Teacher Retirement System of Texas raised its position in Veritex by 6.6% in the fourth quarter. Teacher Retirement System of Texas now owns 17,020 shares of the financial services provider's stock valued at $462,000 after purchasing an additional 1,050 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Veritex during the fourth quarter worth about $32,000. Institutional investors own 88.31% of the company's stock.
Analysts Set New Price Targets
Several research firms recently commented on VBTX. Raymond James downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and cut their target price for the stock from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Hovde Group upgraded Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price on the stock in a report on Thursday, January 30th. DA Davidson restated a "buy" rating and set a $34.00 price target on shares of Veritex in a report on Monday, March 17th. Finally, Stephens reduced their price objective on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Veritex currently has an average rating of "Moderate Buy" and a consensus price target of $30.90.
Read Our Latest Report on VBTX
Veritex Price Performance
Shares of VBTX traded up $0.30 during trading hours on Friday, reaching $21.79. 620,847 shares of the company's stock traded hands, compared to its average volume of 394,864. The firm's 50 day simple moving average is $24.20 and its 200-day simple moving average is $26.49. The stock has a market cap of $1.19 billion, a PE ratio of 11.17 and a beta of 1.11. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. Veritex Holdings, Inc. has a 12 month low of $18.74 and a 12 month high of $31.62.
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 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%. Equities analysts expect that Veritex Holdings, Inc. will post 2.26 EPS for the current year.
Veritex Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Friday, February 14th. Veritex's payout ratio is 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.
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