Veritex Holdings, Inc. (NASDAQ:VBTX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Veritex Holdings, Inc. (NASDAQ:VBTX - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $30.90.

VBTX has been the topic of several research analyst reports. Stephens dropped their price objective on 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 Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price objective on the stock in a report on Thursday, January 30th. DA Davidson reissued a "buy" rating and set a $34.00 target price on shares of Veritex in a research note on Monday, March 17th. Finally, Raymond James lowered shares of Veritex from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $31.00 to $28.00 in a research note on Wednesday, April 2nd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VBTX. USA Financial Formulas acquired a new position in shares of Veritex during the 4th quarter worth about $32,000. Quarry LP boosted its position in Veritex by 117.0% during the fourth quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 824 shares during the last quarter. R Squared Ltd acquired a new position in Veritex during the fourth quarter valued at approximately $45,000. GAMMA Investing LLC grew 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 valued at $91,000 after purchasing an additional 431 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of Veritex during the 3rd quarter worth approximately $98,000. Institutional investors and hedge funds own 88.31% of the company's stock.

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Veritex Stock Performance

VBTX stock traded down $1.30 on Friday, reaching $21.34. 40,288 shares of the company were exchanged, compared to its average volume of 384,931. 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 has a 12 month low of $18.74 and a 12 month high of $31.62. The stock's fifty day moving average price is $24.99 and its 200 day moving average price is $26.71. The firm has a market capitalization of $1.16 billion, a PE ratio of 10.96 and a beta of 1.11.

Veritex (NASDAQ:VBTX - Get Free Report) last posted 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 net margin of 13.44% and a return on equity of 7.59%. On average, research analysts anticipate that Veritex will post 2.26 EPS for the current fiscal 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 issued a $0.20 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.75%. Veritex's dividend payout ratio (DPR) is presently 41.03%.

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.