Wedbush Securities Inc. Invests $306,000 in Veritex Holdings, Inc. (NASDAQ:VBTX)

Wedbush Securities Inc. acquired a new position in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,264 shares of the financial services provider's stock, valued at approximately $306,000.

Other hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group bought a new position in Veritex during the 4th quarter valued at approximately $11,172,000. Raymond James Financial Inc. purchased a new stake in Veritex during the 4th quarter valued at about $6,974,000. Hillsdale Investment Management Inc. purchased a new position in Veritex in the fourth quarter worth about $3,797,000. JPMorgan Chase & Co. grew its holdings in shares of Veritex by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider's stock valued at $16,618,000 after buying an additional 122,809 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Veritex by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 680,766 shares of the financial services provider's stock valued at $17,918,000 after acquiring an additional 78,082 shares in the last quarter. 88.31% of the stock is currently owned by institutional investors.

Veritex Stock Performance

Shares of NASDAQ VBTX traded up $0.68 during trading on Tuesday, hitting $21.80. The company had a trading volume of 148,638 shares, compared to its average volume of 390,610. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. Veritex Holdings, Inc. has a 12 month low of $18.74 and a 12 month high of $31.62. The firm has a market capitalization of $1.19 billion, a P/E ratio of 11.17 and a beta of 1.11. The stock has a 50 day simple moving average of $24.64 and a 200 day simple moving average of $26.62.

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

Veritex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Friday, February 14th. Veritex's dividend payout ratio (DPR) is presently 41.03%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VBTX shares. DA Davidson reaffirmed a "buy" rating and set a $34.00 price target on shares of Veritex in a report on Monday, March 17th. Hovde Group raised shares of Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price objective for the company in a report on Thursday, January 30th. Stephens cut their target price on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. Finally, Raymond James downgraded Veritex from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Veritex currently has a consensus rating of "Moderate Buy" and an average price target of $30.90.

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.