9,508 Shares in Veritex Holdings, Inc. (NASDAQ:VBTX) Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC bought a new stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,508 shares of the financial services provider’s stock, valued at approximately $221,000.

Several other large investors have also recently modified their holdings of VBTX. Fifth Third Bancorp boosted its holdings in Veritex by 1,319.3% during the 3rd quarter. Fifth Third Bancorp now owns 3,236 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 3,008 shares during the period. Teza Capital Management LLC purchased a new position in Veritex during the 3rd quarter valued at $218,000. Vest Financial LLC purchased a new position in Veritex during the 4th quarter valued at $240,000. Dark Forest Capital Management LP boosted its holdings in Veritex by 6.3% during the 3rd quarter. Dark Forest Capital Management LP now owns 21,306 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 1,263 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in Veritex by 43.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 23,000 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 7,000 shares during the period. Institutional investors own 88.31% of the company’s stock.

Analysts Set New Price Targets

VBTX has been the subject of a number of recent analyst reports. Piper Sandler boosted their price objective on Veritex from $23.50 to $25.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. StockNews.com cut Veritex from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Stephens reiterated an “equal weight” rating and issued a $24.00 target price on shares of Veritex in a report on Monday, April 1st. Finally, Keefe, Bruyette & Woods lowered their target price on Veritex from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $24.13.

Veritex Trading Up 2.3 %

Shares of NASDAQ VBTX opened at $20.77 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market capitalization of $1.13 billion, a P/E ratio of 10.49 and a beta of 1.34. Veritex Holdings, Inc. has a 1-year low of $14.88 and a 1-year high of $24.46. The business has a fifty day moving average price of $19.86 and a 200 day moving average price of $20.28.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The company had revenue of $77.74 million for the quarter, compared to analysts’ expectations of $110.67 million. Veritex had a return on equity of 9.47% and a net margin of 14.51%. The company’s revenue for the quarter was down 35.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. Equities research analysts expect that Veritex Holdings, Inc. will post 2.24 EPS for the current fiscal year.

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.