Public Employees Retirement System of Ohio Has $1.48 Million Stock Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Public Employees Retirement System of Ohio trimmed its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 36.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,511 shares of the financial services provider's stock after selling 31,144 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.10% of Veritex worth $1,481,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VBTX. Millennium Management LLC boosted its holdings in Veritex by 220.5% during the fourth quarter. Millennium Management LLC now owns 966,391 shares of the financial services provider's stock valued at $26,247,000 after acquiring an additional 664,885 shares during the period. Silvercrest Asset Management Group LLC bought a new stake in Veritex during the fourth quarter valued at about $14,644,000. Nuveen Asset Management LLC boosted its holdings in 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 valued at $33,675,000 after acquiring an additional 454,015 shares during the period. Schroder Investment Management Group bought a new stake in Veritex during the fourth quarter valued at about $11,172,000. Finally, Raymond James Financial Inc. bought a new stake in Veritex during the fourth quarter valued at about $6,974,000. 88.31% of the stock is currently owned by institutional investors.

Veritex Price Performance

NASDAQ:VBTX traded up $0.70 during mid-day trading on Friday, hitting $24.84. The company's stock had a trading volume of 309,742 shares, compared to its average volume of 388,753. Veritex Holdings, Inc. has a fifty-two week low of $19.27 and a fifty-two week high of $31.62. 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 company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 12.74 and a beta of 1.01. The stock has a fifty day moving average of $23.34 and a 200-day moving average of $25.65.

Veritex (NASDAQ:VBTX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Veritex had a net margin of 13.44% and a return on equity of 7.59%. The firm had revenue of $109.73 million during the quarter, compared to analyst estimates of $110.73 million. During the same quarter in the prior year, the business posted $0.53 earnings per share. As a group, equities analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal 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 $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, May 8th. This is a positive change from Veritex's previous quarterly dividend of $0.20. Veritex's dividend payout ratio is 43.14%.

Analyst Ratings Changes

A number of research analysts have recently commented on VBTX shares. DA Davidson cut their price objective on shares of Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Stephens reaffirmed an "equal weight" rating and set a $30.00 price objective on shares of Veritex in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods cut their price objective on shares of Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. Finally, Raymond James lowered shares of Veritex from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently 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.