SG Americas Securities LLC Purchases Shares of 43,435 Veritex Holdings, Inc. (NASDAQ:VBTX)

SG Americas Securities LLC bought a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 43,435 shares of the financial services provider's stock, valued at approximately $1,085,000. SG Americas Securities LLC owned approximately 0.08% of Veritex as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP grew its holdings in shares of Veritex by 117.0% in the fourth quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 824 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Veritex in the fourth quarter valued at $143,000. Meeder Asset Management Inc. grew its holdings in shares of Veritex by 9.8% in the fourth quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider's stock valued at $146,000 after purchasing an additional 481 shares in the last quarter. Bailard Inc. purchased a new position in shares of Veritex in the fourth quarter valued at $215,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Veritex in the fourth quarter valued at $231,000. 88.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VBTX has been the subject of a number of recent research reports. DA Davidson cut their target price 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. Stephens restated an "equal weight" rating and issued a $30.00 price target on shares of Veritex in a research report on Wednesday, April 23rd. Raymond James Financial downgraded Veritex from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lowered their price target on Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.25.

Veritex Trading Up 0.6%

VBTX traded up $0.15 during trading on Thursday, reaching $24.17. The company had a trading volume of 316,746 shares, compared to its average volume of 390,903. Veritex Holdings, Inc. has a 52 week low of $19.78 and a 52 week high of $31.62. The stock has a market cap of $1.31 billion, a P/E ratio of 11.85 and a beta of 1.02. The business has a 50 day simple moving average of $23.74 and a 200-day simple moving average of $25.35. 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 released its earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Veritex had a return on equity of 7.51% and a net margin of 14.12%. The business had revenue of $109.73 million during the quarter, compared to the consensus estimate of $110.73 million. During the same period last year, the company earned $0.53 earnings per share. On average, equities analysts anticipate 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. Stockholders of record on Thursday, May 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.64%. 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 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.