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

Veritex Holdings, Inc. (NASDAQ:VBTX - Get Free Report) has earned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $31.50.

A number of analysts recently commented on VBTX shares. Hovde Group upgraded shares of Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price target on the stock in a research note on Thursday, January 30th. Stephens reduced their price target on Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. DA Davidson decreased their price objective on Veritex from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Finally, Raymond James reduced their target price on Veritex from $32.00 to $31.00 and set a "strong-buy" rating for the company in a report on Thursday, January 30th.

Institutional Investors Weigh In On Veritex

A number of large investors have recently made changes to their positions in VBTX. USA Financial Formulas purchased a new stake in Veritex in the fourth quarter worth $32,000. Quarry LP raised its holdings in Veritex by 117.0% in the 4th quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock worth $42,000 after purchasing an additional 824 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Veritex in the 4th quarter worth about $45,000. GAMMA Investing LLC lifted its position 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 worth $91,000 after purchasing an additional 431 shares during the period. Finally, Systematic Financial Management LP purchased a new position in shares of Veritex during the third quarter valued at about $98,000. 88.31% of the stock is currently owned by institutional investors.

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Veritex Stock Performance

NASDAQ:VBTX traded up $0.60 during trading hours on Tuesday, reaching $24.45. The stock had a trading volume of 222,882 shares, compared to its average volume of 367,289. Veritex has a 12-month low of $18.08 and a 12-month high of $31.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a 50 day simple moving average of $26.04 and a 200 day simple moving average of $26.88. The stock has a market cap of $1.33 billion, a P/E ratio of 12.54 and a beta of 1.36.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share 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, research analysts forecast that Veritex will post 2.26 EPS for the current fiscal year.

Veritex Dividend Announcement

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

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.