GAMMA Investing LLC Has $2.18 Million Stock Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

GAMMA Investing LLC increased its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 2,502.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 87,445 shares of the financial services provider's stock after purchasing an additional 84,085 shares during the period. GAMMA Investing LLC owned 0.16% of Veritex worth $2,184,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Quarry LP grew its stake in Veritex by 117.0% in the 4th quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock valued at $42,000 after buying an additional 824 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Veritex during the fourth quarter worth approximately $143,000. Meeder Asset Management Inc. grew its position in shares of Veritex by 9.8% in the fourth quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider's stock valued at $146,000 after purchasing an additional 481 shares during the last quarter. Bailard Inc. bought a new position in shares of Veritex during the fourth quarter worth approximately $215,000. Finally, EP Wealth Advisors LLC acquired a new stake in Veritex during the 4th quarter worth approximately $231,000. Institutional investors and hedge funds own 88.31% of the company's stock.

Analysts Set New Price Targets

VBTX has been the subject of a number of analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. Stephens restated an "equal weight" rating and issued a $30.00 target price on shares of Veritex in a research report on Wednesday, April 23rd. Raymond James Financial downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $31.00 to $28.00 in a report on Wednesday, April 2nd. Finally, DA Davidson decreased their price objective on shares of Veritex from $34.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Veritex currently has a consensus rating of "Moderate Buy" and an average target price of $30.25.

Veritex Price Performance

Shares of VBTX stock traded down $0.28 on Tuesday, reaching $24.02. The company had a trading volume of 352,555 shares, compared to its average volume of 390,660. The business's 50-day moving average is $23.71 and its 200 day moving average is $25.35. The stock has a market capitalization of $1.30 billion, a PE ratio of 11.77 and a beta of 1.02. Veritex Holdings, Inc. has a one year low of $19.78 and a one year high of $31.62. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.10.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its quarterly earnings results 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 net margin of 14.12% and a return on equity of 7.51%. The company had revenue of $109.73 million during the quarter, compared to the consensus estimate of $110.73 million. During the same period in the prior year, the business earned $0.53 earnings per share. Equities research analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.66%. This is a positive change from Veritex's previous quarterly dividend of $0.20. The ex-dividend date was Thursday, May 8th. Veritex's payout ratio is presently 43.14%.

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.