Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. decreased its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 532,536 shares of the financial services provider's stock after selling 29,100 shares during the period. Veritex comprises approximately 2.6% of Stieven Capital Advisors L.P.'s holdings, making the stock its 12th largest holding. Stieven Capital Advisors L.P. owned approximately 0.98% of Veritex worth $14,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in Veritex by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,293,966 shares of the financial services provider's stock worth $34,064,000 after purchasing an additional 18,185 shares during the period. Barclays PLC increased its stake in Veritex by 63.8% in the third quarter. Barclays PLC now owns 117,609 shares of the financial services provider's stock worth $3,095,000 after purchasing an additional 45,787 shares during the period. GAMMA Investing LLC increased its stake in Veritex by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock worth $91,000 after purchasing an additional 431 shares during the period. JPMorgan Chase & Co. grew its position in shares of Veritex by 24.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider's stock worth $16,618,000 after buying an additional 122,809 shares in the last quarter. Finally, Stifel Financial Corp grew its position in shares of Veritex by 4.6% during the 3rd quarter. Stifel Financial Corp now owns 48,582 shares of the financial services provider's stock worth $1,279,000 after buying an additional 2,115 shares in the last quarter. Hedge funds and other institutional investors own 88.31% of the company's stock.

Veritex Stock Down 0.7 %

VBTX stock traded down $0.18 during trading on Wednesday, reaching $26.26. 272,306 shares of the company traded hands, compared to its average volume of 426,135. Veritex Holdings, Inc. has a 12 month low of $18.08 and a 12 month high of $31.62. The business has a 50 day simple moving average of $27.00 and a 200 day simple moving average of $26.61. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 13.47 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95.

Veritex (NASDAQ:VBTX - Get Free Report) last issued 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 net margin of 13.44% and a return on equity of 7.59%. On average, equities research analysts anticipate that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Announces Dividend

The firm 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 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, February 14th. Veritex's dividend payout ratio is presently 41.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VBTX shares. Keefe, Bruyette & Woods downgraded Veritex from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 24th. 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 report on Thursday, January 30th. Stephens dropped their price target on Veritex from $34.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 30th. Raymond James dropped their price target on Veritex from $32.00 to $31.00 and set a "strong-buy" rating on the stock in a research report on Thursday, January 30th. Finally, StockNews.com raised Veritex from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.50.

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.