UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 20.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 109,844 shares of the financial services provider's stock after buying an additional 18,954 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Veritex worth $2,983,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Quarry LP increased its stake in shares of Veritex by 117.0% in the 4th 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. KBC Group NV increased its stake in shares of Veritex by 73.5% in the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 1,621 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Veritex in the 4th quarter valued at about $143,000. Meeder Asset Management Inc. increased its stake in shares of Veritex by 9.8% in the 4th 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. Finally, Bailard Inc. purchased a new position in shares of Veritex in the 4th quarter valued at about $215,000. Hedge funds and other institutional investors own 88.31% of the company's stock.

Veritex Price Performance

NASDAQ:VBTX opened at $24.14 on Friday. Veritex Holdings, Inc. has a 12 month low of $19.27 and a 12 month high of $31.62. The stock has a 50 day moving average of $23.33 and a two-hundred day moving average of $25.68. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.31 billion, a P/E ratio of 12.38 and a beta of 1.01.

Veritex (NASDAQ:VBTX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Veritex had a return on equity of 7.59% and a net margin of 13.44%. The company had revenue of $109.73 million during the quarter, compared to analyst estimates of $110.73 million. During the same period in the previous year, the business earned $0.53 EPS. On average, analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Increases Dividend

The company also recently disclosed 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 is a positive change from Veritex's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, May 8th. Veritex's payout ratio is 43.14%.

Analysts Set New Price Targets

Several brokerages recently weighed in on VBTX. 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 research note on Thursday, April 24th. DA Davidson cut their price target on Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Raymond James lowered Veritex from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Finally, Stephens restated an "equal weight" rating and issued a $30.00 price target on shares of Veritex in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.25.

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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