Jump Financial LLC Reduces Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Jump Financial LLC reduced its position in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 34.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,900 shares of the financial services provider's stock after selling 16,410 shares during the quarter. Jump Financial LLC owned approximately 0.06% of Veritex worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VBTX. Barclays PLC boosted its holdings in Veritex by 5.1% in the 4th quarter. Barclays PLC now owns 123,585 shares of the financial services provider's stock worth $3,356,000 after buying an additional 5,976 shares during the period. Sterling Capital Management LLC lifted its position in shares of Veritex by 25,046.2% in the fourth quarter. Sterling Capital Management LLC now owns 45,766 shares of the financial services provider's stock valued at $1,243,000 after acquiring an additional 45,584 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Veritex by 52.6% in the fourth quarter. Kennedy Capital Management LLC now owns 601,276 shares of the financial services provider's stock worth $16,331,000 after acquiring an additional 207,376 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Veritex during the fourth quarter worth about $6,974,000. Finally, Envestnet Asset Management Inc. raised its stake in Veritex by 6.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 53,767 shares of the financial services provider's stock valued at $1,460,000 after purchasing an additional 3,112 shares during the period. 88.31% of the stock is owned by hedge funds and other institutional investors.

Veritex Price Performance

Shares of NASDAQ:VBTX traded up $0.17 on Friday, reaching $23.30. The company's stock had a trading volume of 422,739 shares, compared to its average volume of 393,299. The company has a 50-day simple moving average of $23.81 and a 200 day simple moving average of $26.42. Veritex Holdings, Inc. has a 52-week low of $18.74 and a 52-week 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 company has a market cap of $1.27 billion, a P/E ratio of 11.95 and a beta of 1.11.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $109.73 million for the quarter, compared to analysts' expectations of $110.73 million. Veritex had a return on equity of 7.59% and a net margin of 13.44%. During the same period in the previous year, the firm posted $0.53 earnings per share. As a group, equities research analysts anticipate that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This is an increase from Veritex's previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 3.78%. Veritex's dividend payout ratio (DPR) is currently 41.03%.

Analysts Set New Price Targets

Several research firms have weighed in on VBTX. Hovde Group upgraded Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price target for the company in a research note on Thursday, January 30th. DA Davidson dropped their target price on shares of Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods reduced their price target on shares of Veritex from $33.00 to $30.00 and set a "market perform" rating on the stock in a report on Thursday. Stephens reissued an "equal weight" rating and set a $30.00 price objective on shares of Veritex in a report on Wednesday. Finally, Raymond James lowered Veritex from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $30.25.

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.