Vanguard Group Inc. Boosts Stock Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Vanguard Group Inc. increased its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,874,917 shares of the financial services provider's stock after purchasing an additional 39,746 shares during the period. Vanguard Group Inc. owned 7.11% of Veritex worth $105,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VBTX. Geode Capital Management LLC grew its holdings in shares of Veritex by 1.4% during 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 buying an additional 18,185 shares during the last quarter. Barclays PLC grew its stake in shares of Veritex by 63.8% in the 3rd quarter. Barclays PLC now owns 117,609 shares of the financial services provider's stock valued at $3,095,000 after purchasing an additional 45,787 shares during the last quarter. GAMMA Investing LLC grew 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. JPMorgan Chase & Co. increased its holdings in shares of Veritex by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider's stock valued at $16,618,000 after purchasing an additional 122,809 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of Veritex by 4.6% during the third quarter. Stifel Financial Corp now owns 48,582 shares of the financial services provider's stock worth $1,279,000 after purchasing an additional 2,115 shares during the last quarter. 88.31% of the stock is owned by hedge funds and other institutional investors.

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Veritex Price Performance

Shares of NASDAQ:VBTX traded down $0.27 during trading on Friday, hitting $20.77. 748,361 shares of the stock were exchanged, compared to its average volume of 389,846. The company has a fifty day moving average price of $24.77 and a two-hundred day moving average price of $26.65. The company has a market cap of $1.13 billion, a PE ratio of 10.65 and a beta of 1.11. Veritex Holdings, Inc. has a 12-month low of $18.74 and a 12-month high of $31.62. 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 (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 (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). Veritex had a return on equity of 7.59% and a net margin of 13.44%. On average, analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.85%. Veritex's dividend payout ratio (DPR) is 41.03%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. DA Davidson reissued a "buy" rating and issued a $34.00 price objective on shares of Veritex in a research note on Monday, March 17th. Stephens dropped their price target 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. Hovde Group upgraded shares of Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price objective for the company in a research report on Thursday, January 30th. Finally, Raymond James cut Veritex from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.90.

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.