Tieton Capital Management LLC Buys 61,435 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Tieton Capital Management LLC boosted its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 23.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 325,383 shares of the financial services provider's stock after purchasing an additional 61,435 shares during the period. Veritex accounts for approximately 3.6% of Tieton Capital Management LLC's holdings, making the stock its 12th largest holding. Tieton Capital Management LLC owned approximately 0.60% of Veritex worth $8,837,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. USA Financial Formulas acquired a new position in shares of Veritex during the fourth quarter valued at $32,000. R Squared Ltd acquired a new position in Veritex during the 4th quarter valued at about $45,000. GAMMA Investing LLC boosted its stake 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 during the last quarter. Systematic Financial Management LP bought a new position in shares of Veritex in the 3rd quarter valued at about $98,000. Finally, KBC Group NV grew its position in shares of Veritex by 73.5% during the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock worth $104,000 after buying an additional 1,621 shares during the period. 88.31% of the stock is owned by institutional investors.

Veritex Stock Down 1.4 %

VBTX traded down $0.35 during trading on Friday, reaching $24.48. The company had a trading volume of 232,140 shares, compared to its average volume of 385,586. The business's fifty day moving average price is $25.78 and its 200 day moving average price is $26.88. 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 12 month low of $18.74 and a 12 month high of $31.62. The company has a market cap of $1.33 billion, a P/E ratio of 12.55 and a beta of 1.36.

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Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings results 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 EPS for the current year.

Veritex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Friday, February 14th. Veritex's dividend payout ratio (DPR) is currently 41.03%.

Analysts Set New Price Targets

VBTX has been the topic of several recent research reports. Raymond James reduced 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. DA Davidson reissued a "buy" rating and set a $34.00 price target on shares of Veritex in a research report on Monday, March 17th. Stephens decreased their price target on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company 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 price objective on the stock in a research note 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.50.

About Veritex

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.