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

Hussman Strategic Advisors Inc. increased its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 50.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,500 shares of the financial services provider's stock after acquiring an additional 10,500 shares during the quarter. Hussman Strategic Advisors Inc. owned about 0.06% of Veritex worth $787,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Deutsche Bank AG raised its position in Veritex by 48.7% in the fourth quarter. Deutsche Bank AG now owns 47,636 shares of the financial services provider's stock valued at $1,294,000 after purchasing an additional 15,596 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Veritex during the first quarter valued at about $1,085,000. Canada Pension Plan Investment Board acquired a new position in shares of Veritex in the 4th quarter worth approximately $1,057,000. Handelsbanken Fonder AB purchased a new position in shares of Veritex during the 1st quarter worth approximately $227,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Veritex by 20.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,844 shares of the financial services provider's stock valued at $2,983,000 after purchasing an additional 18,954 shares during the last quarter. Hedge funds and other institutional investors own 88.31% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on VBTX. Keefe, Bruyette & Woods increased their price objective on Veritex from $30.00 to $37.00 and gave the company a "market perform" rating in a report on Tuesday. Piper Sandler reiterated a "neutral" rating and issued a $34.00 price target (up from $30.00) on shares of Veritex in a research note on Wednesday, July 16th. DA Davidson reduced their price objective on shares of Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group assumed coverage on shares of Veritex in a research report on Monday, July 14th. They issued a "buy" rating on the stock. Finally, Stephens reissued an "equal weight" rating and issued a $30.00 price target on shares of Veritex in a research report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Veritex has a consensus rating of "Moderate Buy" and an average target price of $32.08.

Veritex Trading Down 1.0%

Shares of NASDAQ:VBTX traded down $0.33 during midday trading on Tuesday, reaching $32.11. The company's stock had a trading volume of 1,223,627 shares, compared to its average volume of 474,057. The business has a 50 day moving average price of $26.00 and a 200 day moving average price of $25.17. Veritex Holdings, Inc. has a 1 year low of $20.10 and a 1 year high of $33.69. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 15.29 and a beta of 1.03. 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 issued its earnings results on Friday, July 18th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. Veritex had a return on equity of 7.59% and a net margin of 14.83%. The company had revenue of $109.83 million during the quarter, compared to the consensus estimate of $110.91 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. Research analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, August 7th. Veritex's dividend payout ratio is presently 41.90%.

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.