Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 31.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,753 shares of the financial services provider's stock after selling 191,622 shares during the period. Invesco Ltd. owned approximately 0.78% of Veritex worth $11,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Schroder Investment Management Group purchased a new stake in shares of Veritex during the 4th quarter valued at approximately $11,172,000. Raymond James Financial Inc. purchased a new position in Veritex in the fourth quarter worth approximately $6,974,000. Hillsdale Investment Management Inc. purchased a new position in Veritex in the fourth quarter worth approximately $3,797,000. JPMorgan Chase & Co. grew its position in Veritex by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider's stock worth $16,618,000 after acquiring an additional 122,809 shares during the period. Finally, Tieton Capital Management LLC grew its position in Veritex by 23.3% in the fourth quarter. Tieton Capital Management LLC now owns 325,383 shares of the financial services provider's stock worth $8,837,000 after acquiring an additional 61,435 shares during the period. 88.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. DA Davidson lowered their price objective on 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 Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a research report on Thursday. Hovde Group upgraded Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price objective for the company in a research report on Thursday, January 30th. Raymond James lowered Veritex from a "strong-buy" rating to an "outperform" rating and lowered their price objective 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 report on Wednesday, April 23rd. 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, Veritex has a consensus rating of "Moderate Buy" and an average target price of $30.25.

Veritex Trading Up 0.2 %

Shares of VBTX traded up $0.05 during midday trading on Monday, hitting $23.35. 348,439 shares of the stock were exchanged, compared to its average volume of 393,119. The firm has a market cap of $1.27 billion, a P/E ratio of 11.97 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. Veritex Holdings, Inc. has a 52-week low of $18.74 and a 52-week high of $31.62. The stock has a fifty day simple moving average of $23.75 and a 200 day simple moving average of $26.41.

Veritex (NASDAQ:VBTX - Get Free Report) last announced 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. The business had revenue of $109.73 million for the quarter, compared to analysts' expectations of $110.73 million. Veritex had a return on equity of 7.59% and a net margin of 13.44%. During the same period last year, the firm earned $0.53 earnings per share. On average, research analysts anticipate that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a $0.22 dividend. This is a boost from Veritex's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, May 8th. Veritex's dividend payout ratio (DPR) is presently 43.14%.

Veritex Company 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.