Veritex Holdings, Inc. (NASDAQ:VBTX) Stock Holdings Increased by Salzhauer Michael

Salzhauer Michael boosted its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 20.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,361 shares of the financial services provider's stock after acquiring an additional 10,184 shares during the period. Veritex comprises 0.6% of Salzhauer Michael's portfolio, making the stock its 29th largest holding. Salzhauer Michael owned approximately 0.11% of Veritex worth $1,482,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VBTX. Vanguard Group Inc. grew its holdings in shares of Veritex by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,874,917 shares of the financial services provider's stock worth $105,243,000 after buying an additional 39,746 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Veritex by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,803,752 shares of the financial services provider's stock worth $76,149,000 after acquiring an additional 125,189 shares during the last quarter. Nuveen Asset Management LLC grew 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 acquiring an additional 454,015 shares during the period. Millennium Management LLC grew 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 acquiring an additional 664,885 shares during the period. Finally, American Century Companies Inc. raised its holdings in Veritex by 1.9% in the 4th quarter. American Century Companies Inc. now owns 789,909 shares of the financial services provider's stock valued at $21,454,000 after acquiring an additional 14,924 shares during the last quarter. Hedge funds and other institutional investors own 88.31% of the company's stock.

Veritex Trading Up 2.8%

Shares of VBTX stock traded up $0.71 on Thursday, reaching $26.08. 353,946 shares of the stock were exchanged, compared to its average volume of 392,267. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.42 billion, a P/E ratio of 12.78 and a beta of 1.02. The firm has a 50 day moving average of $24.10 and a two-hundred day moving average of $25.16. Veritex Holdings, Inc. has a 1-year low of $19.79 and a 1-year high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $109.73 million during the quarter, compared to analyst estimates of $110.73 million. Veritex had a return on equity of 7.51% and a net margin of 14.12%. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, research analysts anticipate 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 issued a $0.22 dividend. This is a positive change from Veritex's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.88 annualized dividend and a yield of 3.37%. Veritex's dividend payout ratio (DPR) is presently 43.14%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on VBTX shares. Raymond James Financial cut Veritex from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from $31.00 to $28.00 in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their target price on Veritex from $33.00 to $30.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. DA Davidson lowered their price target on Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Stephens reaffirmed an "equal weight" rating and set a $30.00 price objective on shares of Veritex in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.25.

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.