Strategic Financial Concepts LLC bought a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,723 shares of the financial services provider's stock, valued at approximately $509,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Basswood Capital Management L.L.C. acquired a new position in shares of Veritex during the 3rd quarter worth approximately $11,139,000. Assenagon Asset Management S.A. increased its position in shares of Veritex by 67.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 807,294 shares of the financial services provider's stock worth $21,248,000 after purchasing an additional 325,569 shares during the last quarter. Stieven Capital Advisors L.P. increased its holdings in shares of Veritex by 39.0% during the 3rd quarter. Stieven Capital Advisors L.P. now owns 561,636 shares of the financial services provider's stock worth $14,782,000 after acquiring an additional 157,571 shares during the last quarter. Raymond James & Associates acquired a new position in shares of Veritex during the 3rd quarter worth approximately $3,971,000. Finally, JPMorgan Chase & Co. increased its holdings 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 acquiring an additional 122,809 shares during the last quarter. Institutional investors and hedge funds own 88.31% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. Piper Sandler boosted their target price on Veritex from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Raymond James decreased their target price on Veritex from $32.00 to $31.00 and set a "strong-buy" rating on the stock in a report on Thursday, January 30th. Stephens decreased their target price on Veritex from $34.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. DA Davidson decreased their target price on Veritex from $36.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Finally, 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 report on Thursday, January 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 company. Based on data from MarketBeat.com, Veritex currently has an average rating of "Moderate Buy" and an average price target of $31.50.
Get Our Latest Report on Veritex
Veritex Stock Performance
NASDAQ VBTX traded down $0.35 on Friday, reaching $25.79. The stock had a trading volume of 247,762 shares, compared to its average volume of 413,198. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a fifty day moving average of $26.86 and a two-hundred day moving average of $26.60. Veritex Holdings, Inc. has a 1-year low of $18.08 and a 1-year high of $31.62. The company has a market cap of $1.41 billion, a P/E ratio of 13.24 and a beta of 1.38.
Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 EPS 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 EPS for the current year.
Veritex Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.10%. 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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