Deutsche Bank AG Buys 15,596 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Deutsche Bank AG lifted its stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 48.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,636 shares of the financial services provider's stock after purchasing an additional 15,596 shares during the period. Deutsche Bank AG owned 0.09% of Veritex worth $1,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its stake in Veritex by 63.8% in the 3rd quarter. Barclays PLC now owns 117,609 shares of the financial services provider's stock worth $3,095,000 after buying an additional 45,787 shares in the last quarter. KBC Group NV increased its stake in Veritex by 73.5% in the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock worth $104,000 after buying an additional 1,621 shares in the last quarter. R Squared Ltd purchased a new stake in Veritex in the 4th quarter worth $45,000. Strategic Financial Concepts LLC purchased a new stake in Veritex in the 4th quarter worth $509,000. Finally, Empowered Funds LLC increased its stake in Veritex by 19.0% in the 4th quarter. Empowered Funds LLC now owns 173,323 shares of the financial services provider's stock worth $4,707,000 after buying an additional 27,685 shares in the last quarter. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

Veritex Trading Down 0.2%

Shares of NASDAQ:VBTX traded down $0.04 during trading hours on Friday, hitting $24.39. 15,440 shares of the company's stock traded hands, compared to its average volume of 386,837. Veritex Holdings, Inc. has a 1 year low of $19.27 and a 1 year high of $31.62. The business has a fifty day moving average price of $23.40 and a 200-day moving average price of $25.87. The firm has a market capitalization of $1.32 billion, a P/E ratio of 12.48 and a beta of 1.01. 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 (NASDAQ:VBTX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Veritex had a net margin of 13.44% and a return on equity of 7.59%. The firm had revenue of $109.73 million during the quarter, compared to the consensus estimate of $110.73 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Equities analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, May 8th. This is an increase from Veritex's previous quarterly dividend of $0.20. Veritex's payout ratio is currently 43.14%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VBTX. Stephens reaffirmed an "equal weight" rating and set a $30.00 price target on shares of Veritex in a research note on Wednesday, April 23rd. Raymond James lowered 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 report on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their price target on Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. Hovde Group upgraded Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price target for the company in a research report on Thursday, January 30th. Finally, DA Davidson dropped their price target on Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Veritex has an average rating of "Moderate Buy" and an average target price of $30.25.

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.