Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 606,949 shares of the financial services provider's stock after selling 73,817 shares during the period. Wellington Management Group LLP owned about 1.11% of Veritex worth $16,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP raised its holdings in 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 acquiring an additional 824 shares during the last quarter. R Squared Ltd acquired a new position in Veritex in the fourth quarter valued at $45,000. KBC Group NV lifted its position in Veritex by 73.5% during the fourth quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock worth $104,000 after buying an additional 1,621 shares during the period. Aquatic Capital Management LLC purchased a new position in Veritex during the fourth quarter worth about $143,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Veritex by 9.8% during the 4th quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider's stock worth $146,000 after acquiring an additional 481 shares during the period. Hedge funds and other institutional investors own 88.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. DA Davidson dropped their price target 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. Keefe, Bruyette & Woods lowered 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 note on Thursday, April 24th. Raymond James lowered Veritex from a "strong-buy" rating to an "outperform" rating and cut their target price for the stock from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Finally, Stephens restated an "equal weight" rating and set 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.25.

Veritex Stock Up 0.8%

Veritex stock traded up $0.20 during midday trading on Tuesday, hitting $24.18. 300,717 shares of the company were exchanged, compared to its average volume of 387,658. The company has a market cap of $1.31 billion, a PE ratio of 12.40 and a beta of 1.01. Veritex Holdings, Inc. has a fifty-two week low of $19.27 and a fifty-two week high of $31.62. The company's fifty day moving average price is $23.37 and its 200-day moving average price is $25.74. 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 announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The business had revenue of $109.73 million during the quarter, compared to the consensus estimate of $110.73 million. Veritex had a net margin of 13.44% and a return on equity of 7.59%. During the same period in the prior year, the firm earned $0.53 earnings per share. On average, research analysts predict that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend 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%.

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.