Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,803,752 shares of the financial services provider's stock after buying an additional 125,189 shares during the period. Dimensional Fund Advisors LP owned approximately 5.15% of Veritex worth $76,149,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of VBTX. Barclays PLC raised its stake in shares of Veritex by 63.8% in the 3rd quarter. Barclays PLC now owns 117,609 shares of the financial services provider's stock valued at $3,095,000 after acquiring an additional 45,787 shares during the period. Franklin Resources Inc. increased its holdings in Veritex by 1.0% in the 3rd 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. JPMorgan Chase & Co. raised its position in Veritex by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider's stock valued at $16,618,000 after purchasing an additional 122,809 shares during the period. GAMMA Investing LLC lifted its stake in Veritex by 14.7% during the fourth 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, USA Financial Formulas purchased a new position in shares of Veritex during the fourth quarter worth $32,000. Institutional investors and hedge funds own 88.31% of the company's stock.

Analyst Ratings Changes

VBTX has been the topic of several research reports. Hovde Group raised 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. Keefe, Bruyette & Woods dropped their price objective on shares of Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. DA Davidson reduced their target price on shares of Veritex from $34.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Raymond James downgraded shares of 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 note on Wednesday, April 2nd. Finally, Stephens reissued an "equal weight" rating and set a $30.00 target price on shares of Veritex in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.25.

Veritex Stock Up 2.3 %

Shares of Veritex stock traded up $0.53 during trading on Friday, hitting $24.00. 301,846 shares of the stock were exchanged, compared to its average volume of 387,946. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 12.31 and a beta of 1.01. The firm's 50-day moving average price is $23.56 and its 200 day moving average price is $26.32. 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 12-month low of $18.74 and a 12-month high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $0.53 EPS. As a group, analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a $0.22 dividend. This is a positive change from Veritex's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Thursday, May 8th. Veritex's dividend payout ratio is currently 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.