Jane Street Group LLC lowered its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 66.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,874 shares of the financial services provider's stock after selling 41,389 shares during the quarter. Jane Street Group LLC's holdings in Veritex were worth $567,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in VBTX. Barclays PLC lifted its holdings in Veritex by 63.8% in the third 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 during the period. Canada Pension Plan Investment Board purchased a new position in shares of Veritex during the 4th quarter worth approximately $1,057,000. Y Intercept Hong Kong Ltd bought a new position in shares of Veritex in the 4th quarter worth approximately $276,000. Principal Financial Group Inc. lifted its stake in shares of Veritex by 3.1% in 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 purchasing an additional 7,882 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Veritex in the 4th quarter valued at approximately $847,000. 88.31% of the stock is currently owned by institutional investors.
Veritex Stock Down 0.5%
Veritex stock traded down $0.11 during mid-day trading on Friday, reaching $24.32. The stock had a trading volume of 283,185 shares, compared to its average volume of 388,356. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 12.47 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 Holdings, Inc. has a one year low of $19.27 and a one year high of $31.62. The company has a 50-day moving average price of $23.40 and a two-hundred day moving average price of $25.87.
Veritex (NASDAQ:VBTX - Get Free Report) last issued its 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. The firm had revenue of $109.73 million for the quarter, compared to the consensus estimate of $110.73 million. Veritex had a net margin of 13.44% and a return on equity of 7.59%. During the same quarter in the prior year, the firm posted $0.53 earnings per share. On average, analysts expect 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 paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.62%. This is an increase from Veritex's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, May 8th. Veritex's dividend payout ratio (DPR) is currently 43.14%.
Analysts Set New Price Targets
VBTX has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their price target on Veritex from $33.00 to $30.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. DA Davidson reduced their target price on shares of Veritex from $34.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Raymond James lowered shares of Veritex from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Hovde Group raised shares of 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, Stephens restated an "equal weight" rating and issued a $30.00 price objective on shares of Veritex in a report 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.25.
Check Out Our Latest Stock Analysis on Veritex
Veritex Company Profile
(
Free Report)
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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