Canada Pension Plan Investment Board Purchases Shares of 38,900 Veritex Holdings, Inc. (NASDAQ:VBTX)

Canada Pension Plan Investment Board acquired a new position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,900 shares of the financial services provider's stock, valued at approximately $1,057,000. Canada Pension Plan Investment Board owned about 0.07% of Veritex as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 431 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Veritex by 9.8% during the fourth quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider's stock worth $146,000 after buying an additional 481 shares in the last quarter. Franklin Resources Inc. raised 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 during the last quarter. Teacher Retirement System of Texas increased its stake in Veritex by 6.6% in the 4th quarter. Teacher Retirement System of Texas now owns 17,020 shares of the financial services provider's stock valued at $462,000 after buying an additional 1,050 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in Veritex during the fourth quarter worth about $32,000. Institutional investors own 88.31% of the company's stock.

Wall Street Analysts Forecast Growth

VBTX has been the topic of several analyst reports. Stephens reaffirmed an "equal weight" rating and set a $30.00 price target on shares of Veritex in a research report on Wednesday, April 23rd. DA Davidson reduced their price target on Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Raymond James cut shares of 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. Keefe, Bruyette & Woods decreased their price target on 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, 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $30.25.

Veritex Trading Down 0.5 %

NASDAQ VBTX traded down $0.12 during trading hours on Wednesday, reaching $23.28. The company's stock had a trading volume of 343,989 shares, compared to its average volume of 391,632. The stock has a market cap of $1.27 billion, a P/E ratio of 11.94 and a beta of 1.11. The firm has a fifty day simple moving average of $23.64 and a 200-day simple moving average of $26.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.94. Veritex Holdings, Inc. has a 52 week low of $18.74 and a 52 week high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 EPS for the quarter, topping 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 company had revenue of $109.73 million for the quarter, compared to analyst estimates of $110.73 million. During the same period in the previous year, the firm earned $0.53 earnings per share. Equities analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a dividend of $0.22 per share. 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 annualized dividend and a dividend yield of 3.78%. Veritex's dividend payout ratio is presently 43.14%.

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.