Curi RMB Capital LLC Has $14.51 Million Stake in Veritex Holdings, Inc. $VBTX

Key Points

• Curi RMB Capital LLC increased its position in Veritex Holdings by 9.9% during the first quarter, owning over 581,000 shares valued at approximately $14.5 million.
• Several institutional investors also raised their stakes, with Price T Rowe Associates increasing their shares by 11.4% in the fourth quarter.
• Veritex announced a quarterly dividend of $0.22 per share, with a yield of 2.6%, and reported earnings of $0.56 per share for the last quarter, surpassing analyst expectations.

Curi RMB Capital LLC boosted its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 9.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 581,013 shares of the financial services provider's stock after buying an additional 52,135 shares during the quarter. Curi RMB Capital LLC owned 1.07% of Veritex worth $14,508,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Veritex by 11.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,227 shares of the financial services provider's stock worth $1,039,000 after acquiring an additional 3,923 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Veritex in the 4th quarter worth about $256,000. Algert Global LLC raised its holdings in 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 buying an additional 4,951 shares during the period. Brevan Howard Capital Management LP purchased a new stake in Veritex during the fourth quarter valued at about $494,000. Finally, Bridgeway Capital Management LLC lifted its stake in Veritex by 9.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 312,703 shares of the financial services provider's stock valued at $8,493,000 after buying an additional 27,685 shares in the last quarter. 88.31% of the stock is currently owned by institutional investors.

Veritex Stock Up 0.5%

NASDAQ VBTX traded up $0.17 on Monday, reaching $34.39. The stock had a trading volume of 722,304 shares, compared to its average volume of 587,231. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. Veritex Holdings, Inc. has a 1 year low of $20.37 and a 1 year high of $34.96. The business has a 50 day moving average price of $31.48 and a 200 day moving average price of $26.66. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 16.38 and a beta of 1.08.

Veritex (NASDAQ:VBTX - Get Free Report) last announced 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. Veritex had a return on equity of 7.55% and a net margin of 14.83%.The business had revenue of $109.83 million during the quarter, compared to analyst estimates of $110.91 million. During the same period in the previous year, the company earned $0.52 EPS. On average, analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Veritex's payout ratio is currently 41.90%.

Insider Activity at Veritex

In other news, EVP Angela Harper sold 47,716 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $32.37, for a total transaction of $1,544,566.92. Following the transaction, the executive vice president owned 59,683 shares in the company, valued at approximately $1,931,938.71. This trade represents a 44.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cara Mcdaniel sold 10,000 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $32.53, for a total value of $325,300.00. Following the completion of the sale, the insider directly owned 17,372 shares of the company's stock, valued at $565,111.16. This represents a 36.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 320,699 shares of company stock worth $10,361,627 over the last quarter. 4.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

VBTX has been the subject of several research analyst reports. Piper Sandler restated a "neutral" rating and issued a $34.00 price target (up previously from $30.00) on shares of Veritex in a research report on Wednesday, July 16th. The Goldman Sachs Group started coverage on Veritex in a report on Monday, July 14th. They issued a "buy" rating for the company. DA Davidson lifted their price target on Veritex from $32.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods upped their price target on Veritex from $30.00 to $37.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Finally, William Blair upgraded Veritex to an "outperform" rating in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.25.

Veritex 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.