F M Investments LLC Sells 334,831 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

F M Investments LLC decreased its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 66.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,364 shares of the financial services provider's stock after selling 334,831 shares during the period. F M Investments LLC owned 0.31% of Veritex worth $4,600,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. USA Financial Formulas bought a new stake in shares of Veritex in the 4th quarter worth about $32,000. R Squared Ltd purchased a new position in Veritex during the fourth quarter worth approximately $45,000. GAMMA Investing LLC boosted its holdings in Veritex by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock worth $91,000 after buying an additional 431 shares during the last quarter. KBC Group NV boosted 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 worth $104,000 after acquiring an additional 1,621 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in 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 purchasing an additional 481 shares during the period. 88.31% of the stock is currently owned by institutional investors.

Veritex Trading Up 0.3 %

NASDAQ VBTX traded up $0.06 on Wednesday, reaching $21.62. The company had a trading volume of 88,805 shares, compared to its average volume of 390,929. The stock's 50 day moving average is $24.52 and its 200-day moving average is $26.58. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 11.09 and a beta of 1.11. 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 issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. Equities analysts predict that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, February 14th. Veritex's dividend payout ratio is 41.03%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. DA Davidson reiterated a "buy" rating and issued a $34.00 target price on shares of Veritex in a report on Monday, March 17th. Stephens dropped their target price on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. 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 research report on Thursday, January 30th. Finally, Raymond James lowered shares of Veritex from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.90.

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.