Royce & Associates LP Has $566,000 Stake in Veritex Holdings, Inc. (NASDAQ:VBTX)

Royce & Associates LP trimmed its position in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 34.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,857 shares of the financial services provider's stock after selling 10,959 shares during the period. Royce & Associates LP's holdings in Veritex were worth $566,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas bought a new stake in Veritex during the 4th quarter worth approximately $32,000. R Squared Ltd acquired a new position in shares of Veritex in the fourth quarter valued at approximately $45,000. GAMMA Investing LLC increased its position in shares of Veritex by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock worth $91,000 after acquiring an additional 431 shares in the last quarter. Systematic Financial Management LP acquired a new stake in shares of Veritex during the third quarter worth $98,000. Finally, KBC Group NV lifted its position in Veritex by 73.5% in the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock valued at $104,000 after acquiring an additional 1,621 shares in the last quarter. Institutional investors and hedge funds own 88.31% of the company's stock.

Veritex Stock Up 0.0 %

Shares of Veritex stock traded up $0.01 on Wednesday, reaching $24.99. 226,255 shares of the company were exchanged, compared to its average volume of 355,383. Veritex Holdings, Inc. has a one year low of $18.74 and a one year 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. The company has a 50-day moving average of $25.87 and a 200 day moving average of $26.91. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 12.82 and a beta of 1.36.

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Veritex (NASDAQ:VBTX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. On average, equities research analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.20 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 3.20%. Veritex's dividend payout ratio is 41.03%.

Analyst Ratings Changes

Several analysts have issued reports on VBTX shares. Raymond James dropped their price target on Veritex from $32.00 to $31.00 and set a "strong-buy" rating on the stock in a research note on Thursday, January 30th. 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. Hovde Group raised shares of 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. Finally, DA Davidson reissued a "buy" rating and issued a $34.00 price objective on shares of Veritex in a research report on Monday, March 17th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $31.50.

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.