Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC raised its position in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 444,515 shares of the financial services provider's stock after buying an additional 33,566 shares during the period. AQR Capital Management LLC owned about 0.82% of Veritex worth $12,073,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Tudor Investment Corp ET AL boosted its holdings in Veritex by 94.1% in the 4th quarter. Tudor Investment Corp ET AL now owns 138,005 shares of the financial services provider's stock worth $3,748,000 after buying an additional 66,899 shares during the last quarter. Quarry LP boosted its holdings in shares of Veritex by 117.0% during the 4th quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock worth $42,000 after purchasing an additional 824 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Veritex during the 4th quarter worth approximately $143,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Veritex by 11.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,227 shares of the financial services provider's stock worth $1,039,000 after purchasing an additional 3,923 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Veritex by 7.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,166 shares of the financial services provider's stock worth $303,000 after purchasing an additional 751 shares during the last quarter. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VBTX has been the topic of several recent research reports. DA Davidson lowered their target price on Veritex from $34.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Raymond James cut Veritex from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from $31.00 to $28.00 in a report on Wednesday, April 2nd. Stephens restated an "equal weight" rating and set a $30.00 target price on shares of Veritex in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods lowered their target price on Veritex from $33.00 to $30.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. Finally, Hovde Group upgraded Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price on the stock in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.25.

Veritex Price Performance

Shares of VBTX stock remained flat at $23.94 during trading on Friday. 493,066 shares of the stock traded hands, compared to its average volume of 391,839. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.94. The firm's 50-day moving average price is $23.34 and its two-hundred day moving average price is $26.18. Veritex Holdings, Inc. has a 1 year low of $18.74 and a 1 year high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $109.73 million for the quarter, compared to analyst estimates of $110.73 million. Veritex had a net margin of 13.44% and a return on equity of 7.59%. During the same quarter in the previous year, the company earned $0.53 EPS. As a group, equities research analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.22 dividend. This is a positive change from Veritex's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.88 dividend on an annualized basis and a yield of 3.68%. Veritex's payout ratio is presently 43.14%.

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.