Y Intercept Hong Kong Ltd Takes Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Y Intercept Hong Kong Ltd bought a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,172 shares of the financial services provider's stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VBTX. Harbor Capital Advisors Inc. lifted its stake in Veritex by 9.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,957 shares of the financial services provider's stock valued at $446,000 after buying an additional 1,405 shares in the last quarter. Atria Investments Inc purchased a new stake in Veritex in the 3rd quarter valued at approximately $220,000. Victory Capital Management Inc. lifted its stake in Veritex by 0.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,978,219 shares of the financial services provider's stock valued at $52,067,000 after buying an additional 9,611 shares in the last quarter. Empowered Funds LLC lifted its stake in Veritex by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 145,638 shares of the financial services provider's stock valued at $3,833,000 after buying an additional 7,370 shares in the last quarter. Finally, Mutual of America Capital Management LLC purchased a new stake in Veritex in the 3rd quarter valued at approximately $215,000. Hedge funds and other institutional investors own 88.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VBTX. Stephens reduced 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. Raymond James reduced 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. Hovde Group raised 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. Finally, DA Davidson reduced their price target on Veritex from $36.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Veritex presently has an average rating of "Moderate Buy" and a consensus price target of $31.50.

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Veritex Trading Down 1.0 %

Shares of VBTX traded down $0.24 during trading hours on Friday, hitting $24.39. The stock had a trading volume of 249,125 shares, compared to its average volume of 402,766. 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 firm has a market cap of $1.33 billion, a P/E ratio of 12.51 and a beta of 1.38. The company's fifty day simple moving average is $26.29 and its 200 day simple moving average is $26.86. Veritex Holdings, Inc. has a 12-month low of $18.08 and a 12-month high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its earnings results 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%. Equities research analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Friday, February 14th. Veritex's dividend payout ratio (DPR) is currently 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.