Bridgeway Capital Management LLC Acquires 27,685 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Bridgeway Capital Management LLC raised its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 312,703 shares of the financial services provider's stock after purchasing an additional 27,685 shares during the period. Bridgeway Capital Management LLC owned about 0.57% of Veritex worth $8,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VBTX. USA Financial Formulas acquired a new position in shares of Veritex in the 4th quarter valued at about $32,000. Quarry LP raised its holdings in shares of Veritex by 117.0% in 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 in the last quarter. R Squared Ltd acquired a new position in shares of Veritex in the 4th quarter worth $45,000. GAMMA Investing LLC grew its position in Veritex by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock worth $91,000 after purchasing an additional 431 shares in the last quarter. Finally, KBC Group NV grew its position in Veritex by 73.5% during the fourth quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 1,621 shares in the last quarter. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

Veritex Trading Up 3.9%

Shares of NASDAQ:VBTX traded up $0.94 during mid-day trading on Monday, reaching $24.90. The stock had a trading volume of 76,108 shares, compared to its average volume of 390,593. The firm has a 50 day simple moving average of $23.34 and a two-hundred day simple moving average of $26.18. 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 firm has a market cap of $1.35 billion, a PE ratio of 12.76 and a beta of 1.01. Veritex Holdings, Inc. has a twelve month low of $18.74 and a twelve month high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The firm had revenue of $109.73 million during 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 period in the prior year, the business earned $0.53 EPS. On average, research analysts predict that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.53%. This is a boost from Veritex's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, May 8th. Veritex's dividend payout ratio is presently 43.14%.

Wall Street Analysts Forecast Growth

VBTX has been the subject of a number of analyst reports. DA Davidson reduced their target price on shares of Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. 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 price objective on Veritex from $33.00 to $30.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. Hovde Group raised Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price for the company in a research report on Thursday, January 30th. Finally, Raymond James downgraded Veritex from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Veritex presently has a consensus rating of "Moderate Buy" and an average target price 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.