Veritex Holdings, Inc. (NASDAQ:VBTX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $31.50.

A number of equities analysts recently issued reports on the company. Raymond James decreased their price objective on Veritex from $32.00 to $31.00 and set a “strong-buy” rating for the company in a report on Thursday, January 30th. Hovde Group raised 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. DA Davidson decreased their price objective on Veritex from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, Stephens decreased their price target on Veritex from $34.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th.

Veritex Stock Up 2.5 %

Shares of Veritex stock opened at $24.45 on Tuesday. 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 business’s 50 day simple moving average is $26.00 and its 200-day simple moving average is $26.89. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.54 and a beta of 1.36. Veritex has a twelve month low of $18.41 and a twelve month high of $31.62.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 will post 2.26 earnings per share for the current year.

Veritex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.20 per share. The ex-dividend date was Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.27%. Veritex’s dividend payout ratio (DPR) is presently 41.03%.

Institutional Investors Weigh In On Veritex

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of Veritex by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 431 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Veritex by 9.8% in the fourth quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 481 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Veritex by 1.0% in the third quarter. Franklin Resources Inc. now owns 73,421 shares of the financial services provider’s stock valued at $1,920,000 after purchasing an additional 701 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Veritex by 7.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,166 shares of the financial services provider’s stock valued at $303,000 after purchasing an additional 751 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Veritex by 117.0% in the fourth quarter. Quarry LP now owns 1,528 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 824 shares in the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.

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.