Veritex Holdings, Inc. (NASDAQ:VBTX) Given Average Rating of "Moderate Buy" by Analysts

Shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Get Free Report) have earned an average rating of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $31.50.

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods cut shares of Veritex from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 24th. Stephens cut their target price 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. DA Davidson reduced their price target on Veritex from $36.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Raymond James dropped their price objective on Veritex from $32.00 to $31.00 and set a "strong-buy" rating for the company in a report on Thursday, January 30th. Finally, Piper Sandler increased their target price on Veritex from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th.

Veritex Trading Down 0.5 %

Shares of Veritex stock traded down $0.13 on Friday, reaching $26.58. The company had a trading volume of 330,774 shares, compared to its average volume of 444,882. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 13.63 and a beta of 1.38. 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's 50-day moving average price is $27.13 and its two-hundred day moving average price is $26.56. Veritex has a 1 year low of $18.08 and a 1 year high of $31.62.

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

Veritex Dividend Announcement

The company also recently declared 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Friday, February 14th. Veritex's payout ratio is 41.03%.

Institutional Trading of Veritex

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC increased its holdings in shares of Veritex by 220.5% in the 4th quarter. Millennium Management LLC now owns 966,391 shares of the financial services provider's stock valued at $26,247,000 after acquiring an additional 664,885 shares during the period. Silvercrest Asset Management Group LLC bought a new stake in Veritex during the fourth quarter valued at about $14,644,000. Nuveen Asset Management LLC boosted its position in Veritex by 57.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,239,873 shares of the financial services provider's stock valued at $33,675,000 after purchasing an additional 454,015 shares in the last quarter. Basswood Capital Management L.L.C. purchased a new position in Veritex in the third quarter valued at about $11,139,000. Finally, Schroder Investment Management Group bought a new position in Veritex in the fourth quarter worth about $11,172,000. 88.31% of the stock is owned by hedge funds and other institutional investors.

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.