Basswood Capital Management L.L.C. Has $11.06 Million Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Basswood Capital Management L.L.C. trimmed its stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 407,224 shares of the financial services provider's stock after selling 16,003 shares during the period. Basswood Capital Management L.L.C. owned 0.75% of Veritex worth $11,060,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VBTX. Algert Global LLC increased its position in Veritex by 6.2% in the 4th quarter. Algert Global LLC now owns 84,336 shares of the financial services provider's stock worth $2,291,000 after buying an additional 4,951 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Veritex during the fourth quarter worth $256,000. AQR Capital Management LLC raised its stake in shares of Veritex by 8.2% in the 4th quarter. AQR Capital Management LLC now owns 444,515 shares of the financial services provider's stock valued at $12,073,000 after buying an additional 33,566 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Veritex by 94.1% during 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 acquiring an additional 66,899 shares during the period. Finally, Quarry LP lifted its position 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 buying an additional 824 shares during the period. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VBTX. Hovde Group upgraded shares of Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price objective for the company in a research report on Thursday, January 30th. Stephens reissued an "equal weight" rating and set a $30.00 price objective on shares of Veritex in a research note on Wednesday, April 23rd. DA Davidson decreased their price target on shares of Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods lowered their price target on Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Finally, 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 research note on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Veritex currently has a consensus rating of "Moderate Buy" and an average price target of $30.25.

Veritex Stock Down 0.3 %

Shares of NASDAQ VBTX traded down $0.08 during midday trading on Friday, reaching $23.86. The company's stock had a trading volume of 101,035 shares, compared to its average volume of 389,127. The stock has a 50 day simple moving average of $23.36 and a 200-day simple moving average of $26.22. 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 stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.24 and a beta of 1.01. Veritex Holdings, Inc. has a fifty-two week low of $18.74 and a fifty-two week high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $110.73 million. Veritex had a return on equity of 7.59% and a net margin of 13.44%. During the same period in the prior year, the firm posted $0.53 earnings per share. Equities research analysts predict 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. Investors of record on Thursday, May 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.69%. This is an increase from Veritex's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, May 8th. Veritex's payout ratio is presently 43.14%.

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.