Victory Capital Management Inc. Grows Stock Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Victory Capital Management Inc. increased its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,816,084 shares of the financial services provider’s stock after buying an additional 93,753 shares during the period. Victory Capital Management Inc. owned about 3.34% of Veritex worth $42,260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. LSV Asset Management raised its stake in Veritex by 25.0% in the 3rd quarter. LSV Asset Management now owns 1,591,209 shares of the financial services provider’s stock valued at $28,562,000 after purchasing an additional 318,600 shares during the last quarter. AQR Capital Management LLC raised its stake in Veritex by 334.0% in the 3rd quarter. AQR Capital Management LLC now owns 242,809 shares of the financial services provider’s stock valued at $4,358,000 after purchasing an additional 186,857 shares during the last quarter. Ziegler Capital Management LLC acquired a new position in Veritex in the 4th quarter valued at about $3,443,000. Richard Bernstein Advisors LLC acquired a new position in Veritex in the 3rd quarter valued at about $2,635,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Veritex by 14.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 573,786 shares of the financial services provider’s stock valued at $10,299,000 after purchasing an additional 71,275 shares during the last quarter. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

Veritex Trading Down 0.0 %

NASDAQ VBTX opened at $20.49 on Monday. Veritex Holdings, Inc. has a 12 month low of $14.88 and a 12 month high of $24.46. The company has a 50-day moving average of $19.83 and a 200-day moving average of $20.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.96 and a quick ratio of 0.95. The company has a market cap of $1.12 billion, a P/E ratio of 11.91 and a beta of 1.33.

Veritex (NASDAQ:VBTX) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). Veritex had a return on equity of 8.46% and a net margin of 12.47%. The firm had revenue of $191.25 million for the quarter, compared to analysts’ expectations of $109.70 million. During the same quarter in the previous year, the firm posted $0.79 EPS. As a group, equities analysts predict that Veritex Holdings, Inc. will post 2.2 earnings per share for the current year.

Veritex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Thursday, May 9th. Veritex’s payout ratio is currently 46.51%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VBTX. Keefe, Bruyette & Woods cut their target price on shares of Veritex from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. StockNews.com downgraded shares of Veritex from a “hold” rating to a “sell” rating in a research note on Friday. Piper Sandler upped their price objective on shares of Veritex from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Finally, Stephens reaffirmed an “equal weight” rating and set a $24.00 price objective on shares of Veritex in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.38.

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.