Hussman Strategic Advisors Inc. Buys 10,500 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Hussman Strategic Advisors Inc. lifted its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 50.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,500 shares of the financial services provider's stock after purchasing an additional 10,500 shares during the period. Hussman Strategic Advisors Inc. owned about 0.06% of Veritex worth $787,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VBTX. Millennium Management LLC increased its stake in Veritex by 220.5% during the fourth quarter. Millennium Management LLC now owns 966,391 shares of the financial services provider's stock valued at $26,247,000 after purchasing an additional 664,885 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Veritex in the 4th quarter valued at about $14,644,000. Nuveen Asset Management LLC increased its position in shares of Veritex by 57.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,239,873 shares of the financial services provider's stock worth $33,675,000 after acquiring an additional 454,015 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of Veritex in the fourth quarter worth approximately $11,172,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Veritex in the fourth quarter worth approximately $6,975,000. 88.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VBTX. Keefe, Bruyette & Woods dropped their price target on shares of Veritex from $33.00 to $30.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. Stephens reaffirmed an "equal weight" rating and set a $30.00 price objective on shares of Veritex in a report on Wednesday, April 23rd. Raymond James Financial downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the stock from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Piper Sandler reaffirmed a "neutral" rating and issued a $34.00 target price (up from $30.00) on shares of Veritex in a research report on Wednesday. Finally, The Goldman Sachs Group started coverage on Veritex in a research report on Monday, July 14th. They issued a "buy" rating for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.92.

Veritex Trading Down 1.7%

Shares of Veritex stock traded down $0.55 during trading on Friday, hitting $32.25. 1,135,347 shares of the company were exchanged, compared to its average volume of 469,065. The firm has a market capitalization of $1.75 billion, a P/E ratio of 15.36 and a beta of 1.03. Veritex Holdings, Inc. has a 1-year low of $20.10 and a 1-year high of $33.69. The firm's fifty day moving average price is $26.00 and its 200 day moving average price is $25.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.94 and a quick ratio of 0.94.

Veritex (NASDAQ:VBTX - Get Free Report) last released its earnings results on Friday, July 18th. The financial services provider reported $0.56 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 return on equity of 7.51% and a net margin of 14.12%. During the same quarter in the previous year, the business posted $0.52 EPS. As a group, sell-side analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.73%. Veritex's dividend payout ratio is currently 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.