Brevan Howard Capital Management LP Takes $494,000 Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Brevan Howard Capital Management LP bought a new stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,186 shares of the financial services provider's stock, valued at approximately $494,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Veritex by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,874,917 shares of the financial services provider's stock worth $105,243,000 after acquiring an additional 39,746 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Veritex by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,803,752 shares of the financial services provider's stock valued at $76,149,000 after acquiring an additional 125,189 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Veritex by 1.9% during the 4th quarter. American Century Companies Inc. now owns 789,909 shares of the financial services provider's stock valued at $21,454,000 after acquiring an additional 14,924 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Veritex by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 741,274 shares of the financial services provider's stock valued at $20,133,000 after buying an additional 8,409 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Veritex by 12.9% in the fourth quarter. JPMorgan Chase & Co. now owns 712,727 shares of the financial services provider's stock valued at $19,358,000 after buying an additional 81,355 shares during the last quarter. 88.31% of the stock is owned by hedge funds and other institutional investors.

Veritex Price Performance

Veritex stock traded up $0.03 during midday trading on Thursday, reaching $25.03. The company's stock had a trading volume of 60,486 shares, compared to its average volume of 401,680. Veritex Holdings, Inc. has a fifty-two week low of $18.74 and a fifty-two week high of $31.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. The stock's 50 day simple moving average is $23.36 and its 200 day simple moving average is $26.14. The firm has a market capitalization of $1.36 billion, a PE ratio of 12.84 and a beta of 1.01.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Veritex had a return on equity of 7.59% and a net margin of 13.44%. The business had revenue of $109.73 million during the quarter, compared to analysts' expectations of $110.73 million. During the same quarter last year, the business posted $0.53 earnings per share. On average, equities research analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a $0.22 dividend. This is a boost from Veritex's previous quarterly dividend of $0.20. The ex-dividend date is Thursday, May 8th. This represents a $0.88 annualized dividend and a yield of 3.52%. Veritex's payout ratio is 43.14%.

Analysts Set New Price Targets

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

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.