Inscription Capital LLC Invests $1.44 Million in Veritex Holdings, Inc. (NASDAQ:VBTX)

Inscription Capital LLC bought a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 57,732 shares of the financial services provider's stock, valued at approximately $1,442,000. Inscription Capital LLC owned 0.11% of Veritex at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new position in shares of Veritex during the fourth quarter valued at $509,000. Principal Financial Group Inc. increased its stake in Veritex by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 264,107 shares of the financial services provider's stock valued at $7,173,000 after buying an additional 7,882 shares during the period. Peregrine Capital Management LLC raised its position in shares of Veritex by 15.9% during the 4th quarter. Peregrine Capital Management LLC now owns 217,336 shares of the financial services provider's stock worth $5,903,000 after buying an additional 29,803 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Veritex in the 4th quarter worth approximately $549,000. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Veritex in the 4th quarter worth approximately $570,000. Institutional investors own 88.31% of the company's stock.

Wall Street Analysts Forecast Growth

VBTX has been the topic of several recent analyst reports. Raymond James cut Veritex from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $31.00 to $28.00 in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their target price on Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a research note on Thursday, April 24th. Stephens reiterated an "equal weight" rating and issued a $30.00 price target on shares of Veritex in a research report on Wednesday, April 23rd. Finally, DA Davidson cut their price target on shares of Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.25.

Veritex Price Performance

VBTX stock opened at $24.30 on Tuesday. The firm has a 50-day moving average of $23.68 and a two-hundred day moving average of $25.36. The firm has a market capitalization of $1.32 billion, a PE ratio of 12.46 and a beta of 1.02. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. Veritex Holdings, Inc. has a one year low of $19.27 and a one year high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 EPS 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 business had revenue of $109.73 million during the quarter, compared to the consensus estimate of $110.73 million. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.22 per share. This is an increase from Veritex's previous quarterly dividend of $0.20. The ex-dividend date was Thursday, May 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.62%. Veritex's payout ratio is currently 43.14%.

About Veritex

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.

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