Cubist Systematic Strategies LLC Increases Stock Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Cubist Systematic Strategies LLC raised its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 126.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 270,137 shares of the financial services provider's stock after buying an additional 150,835 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.50% of Veritex worth $7,337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC lifted its stake in Veritex by 9.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 312,703 shares of the financial services provider's stock worth $8,493,000 after acquiring an additional 27,685 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in Veritex during the 4th quarter worth about $494,000. Algert Global LLC boosted its position in shares of Veritex by 6.2% during the 4th quarter. Algert Global LLC now owns 84,336 shares of the financial services provider's stock worth $2,291,000 after acquiring an additional 4,951 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Veritex during the fourth quarter worth approximately $256,000. Finally, AQR Capital Management LLC increased its stake in Veritex by 8.2% in the fourth quarter. AQR Capital Management LLC now owns 444,515 shares of the financial services provider's stock valued at $12,073,000 after purchasing an additional 33,566 shares during the last quarter. Hedge funds and other institutional investors own 88.31% of the company's stock.

Analyst Upgrades and Downgrades

VBTX has been the subject of several research analyst reports. Raymond James cut shares of Veritex from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $31.00 to $28.00 in a report on Wednesday, April 2nd. Stephens reiterated an "equal weight" rating and set a $30.00 target price on shares of Veritex in a research report on Wednesday, April 23rd. DA Davidson reduced their target price on 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 dropped their price target on Veritex from $33.00 to $30.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. Finally, Hovde Group raised shares of 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.25.

Veritex Stock Performance

Shares of Veritex stock traded up $0.02 during trading hours on Tuesday, hitting $24.87. 42,783 shares of the company were exchanged, compared to its average volume of 390,206. The business has a 50-day moving average of $23.34 and a 200-day moving average of $26.16. Veritex Holdings, Inc. has a 1 year low of $18.74 and a 1 year high of $31.62. 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 $1.35 billion, a price-to-earnings ratio of 12.75 and a beta of 1.01.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The business 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 period in the previous year, the business posted $0.53 earnings per share. As a group, analysts expect that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 8th. This is a boost from Veritex's previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.54%. Veritex's dividend payout ratio is 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.