15,265 Shares in Veritex Holdings, Inc. (NASDAQ:VBTX) Purchased by Foundry Partners LLC

Foundry Partners LLC acquired a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,265 shares of the financial services provider's stock, valued at approximately $381,000.

A number of other institutional investors have also modified their holdings of VBTX. Meeder Asset Management Inc. increased its position 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 last quarter. SummerHaven Investment Management LLC increased its position in Veritex by 1.5% during the first quarter. SummerHaven Investment Management LLC now owns 37,056 shares of the financial services provider's stock worth $925,000 after purchasing an additional 536 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Veritex by 7.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,166 shares of the financial services provider's stock worth $303,000 after purchasing an additional 751 shares during the last quarter. Quarry LP increased its position in Veritex by 117.0% during the fourth quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock worth $42,000 after purchasing an additional 824 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Veritex by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,863 shares of the financial services provider's stock worth $811,000 after purchasing an additional 992 shares during the last quarter. Institutional investors and hedge funds own 88.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VBTX shares. Keefe, Bruyette & Woods boosted their price objective on shares of Veritex from $30.00 to $37.00 and gave the stock a "market perform" rating in a research note on Tuesday. William Blair upgraded shares of Veritex to an "outperform" rating in a research note on Monday, July 14th. The Goldman Sachs Group started coverage on shares of Veritex in a research note on Monday, July 14th. They set a "buy" rating for the company. DA Davidson decreased their price objective 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. Finally, Piper Sandler reiterated a "neutral" rating and set a $34.00 price objective (up from $30.00) on shares of Veritex in a research note on Wednesday, July 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.08.

Veritex Price Performance

VBTX remained flat at $32.49 during trading on Thursday. 318,912 shares of the company traded hands, compared to its average volume of 541,318. The company has a market cap of $1.76 billion, a P/E ratio of 15.47 and a beta of 1.03. The stock has a fifty day moving average of $26.44 and a 200-day moving average of $25.31. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10. Veritex Holdings, Inc. has a 1 year low of $20.10 and a 1 year high of $33.69.

Veritex (NASDAQ:VBTX - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. The firm had revenue of $109.83 million for the quarter, compared to analysts' expectations of $110.91 million. Veritex had a net margin of 14.83% and a return on equity of 7.59%. During the same period in the prior year, the company posted $0.52 earnings per share. Research analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.71%. Veritex's dividend payout ratio (DPR) is 41.90%.

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.