SG Americas Securities LLC purchased a new position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 43,435 shares of the financial services provider's stock, valued at approximately $1,085,000. SG Americas Securities LLC owned about 0.08% of Veritex as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VBTX. Millennium Management LLC grew its holdings in shares of Veritex by 220.5% during the fourth quarter. Millennium Management LLC now owns 966,391 shares of the financial services provider's stock worth $26,247,000 after buying an additional 664,885 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of Veritex during the fourth quarter worth about $14,644,000. Nuveen Asset Management LLC grew its holdings in shares of Veritex by 57.8% during 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 buying an additional 454,015 shares during the last quarter. Schroder Investment Management Group purchased a new position in shares of Veritex during the fourth quarter worth about $11,172,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Veritex during the fourth quarter worth about $6,975,000. Hedge funds and other institutional investors own 88.31% of the company's stock.
Veritex Trading Up 0.5%
Shares of NASDAQ VBTX traded up $0.13 during trading on Friday, hitting $24.30. 969,774 shares of the company traded hands, compared to its average volume of 391,796. Veritex Holdings, Inc. has a 1 year low of $19.79 and a 1 year high of $31.62. The company has a 50-day moving average price of $23.87 and a 200-day moving average price of $25.23. The firm has a market capitalization of $1.32 billion, a P/E ratio of 11.91 and a beta of 1.02. 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 for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Veritex had a net margin of 14.12% and a return on equity of 7.51%. The firm had revenue of $109.73 million during the quarter, compared to analysts' expectations of $110.73 million. During the same period in the prior year, the company earned $0.53 EPS. On average, equities analysts predict that Veritex Holdings, Inc. will post 2.26 EPS for the current year.
Veritex Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.62%. This is a boost 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 is 43.14%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on VBTX shares. Raymond James Financial lowered Veritex from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $31.00 to $28.00 in a report on Wednesday, April 2nd. Stephens reissued an "equal weight" rating and set a $30.00 price target on shares of Veritex in a research note on Wednesday, April 23rd. DA Davidson cut their price objective on Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods cut their price target on Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.25.
Read Our Latest Stock Report on VBTX
About Veritex
(
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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