Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Veritex Holdings, Inc. (NASDAQ:VBTX)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 256,812 shares of the financial services provider's stock, valued at approximately $6,975,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.47% of Veritex at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Veritex by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,874,917 shares of the financial services provider's stock worth $105,243,000 after purchasing an additional 39,746 shares during the period. Dimensional Fund Advisors LP increased its stake in Veritex by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,803,752 shares of the financial services provider's stock worth $76,149,000 after purchasing an additional 125,189 shares during the period. Nuveen Asset Management LLC increased its stake in Veritex by 57.8% in the 4th quarter. Nuveen Asset Management LLC now owns 1,239,873 shares of the financial services provider's stock worth $33,675,000 after purchasing an additional 454,015 shares during the period. Millennium Management LLC increased its stake in Veritex by 220.5% in the 4th quarter. Millennium Management LLC now owns 966,391 shares of the financial services provider's stock worth $26,247,000 after purchasing an additional 664,885 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Veritex by 1.9% in the 4th quarter. American Century Companies Inc. now owns 789,909 shares of the financial services provider's stock worth $21,454,000 after buying an additional 14,924 shares during the last quarter. 88.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VBTX. Stephens restated an "equal weight" rating and set a $30.00 price target on shares of Veritex in a research report on Wednesday, April 23rd. DA Davidson dropped their target price on Veritex from $34.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Raymond James cut 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. Finally, Keefe, Bruyette & Woods decreased 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.25.

Veritex Trading Down 1.2%

Shares of NASDAQ:VBTX traded down $0.29 during trading on Wednesday, hitting $23.89. The company had a trading volume of 122,293 shares, compared to its average volume of 390,680. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 12.26 and a beta of 1.01. Veritex Holdings, Inc. has a one year low of $19.27 and a one year high of $31.62. The company has a fifty day simple moving average of $23.36 and a two-hundred day simple moving average of $25.73. 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 (NASDAQ:VBTX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating 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 business had revenue of $109.73 million during the quarter, compared to analyst estimates of $110.73 million. During the same period last year, the company earned $0.53 EPS. As a group, equities 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 $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.68%. This is an increase from Veritex's previous quarterly dividend of $0.20. The ex-dividend date was Thursday, May 8th. Veritex's dividend payout ratio is presently 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.