Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Acquired by Tieton Capital Management LLC

Tieton Capital Management LLC lifted its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 37.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 270,558 shares of the financial services provider's stock after buying an additional 73,761 shares during the period. Veritex comprises 3.6% of Tieton Capital Management LLC's investment portfolio, making the stock its 12th largest position. Tieton Capital Management LLC owned 0.50% of Veritex worth $6,296,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp grew its position in Veritex by 1,319.3% during the 3rd quarter. Fifth Third Bancorp now owns 3,236 shares of the financial services provider's stock worth $58,000 after acquiring an additional 3,008 shares during the last quarter. Lmcg Investments LLC increased its stake in shares of Veritex by 0.4% in the third quarter. Lmcg Investments LLC now owns 149,671 shares of the financial services provider's stock worth $2,687,000 after buying an additional 638 shares during the period. LSV Asset Management raised its holdings in Veritex by 25.0% during the 3rd quarter. LSV Asset Management now owns 1,591,209 shares of the financial services provider's stock valued at $28,562,000 after buying an additional 318,600 shares during the last quarter. Victory Capital Management Inc. boosted its position in Veritex by 33.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,722,331 shares of the financial services provider's stock valued at $30,916,000 after buying an additional 427,922 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in Veritex in the 3rd quarter worth $1,012,000. Institutional investors own 88.31% of the company's stock.

Veritex Stock Up 0.2 %

Shares of VBTX stock traded up $0.04 during midday trading on Tuesday, reaching $21.69. 455,448 shares of the stock were exchanged, compared to its average volume of 436,767. Veritex Holdings, Inc. has a 1 year low of $15.93 and a 1 year high of $24.46. The firm has a market cap of $1.18 billion, a PE ratio of 12.61 and a beta of 1.33. The company's 50 day moving average is $20.05 and its two-hundred day moving average is $20.64. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.21.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.06). The firm had revenue of $191.25 million during the quarter, compared to analysts' expectations of $109.70 million. Veritex had a return on equity of 8.46% and a net margin of 12.47%. During the same period in the previous year, the company earned $0.79 earnings per share. On average, equities research analysts predict that Veritex Holdings, Inc. will post 2.2 EPS for the current year.

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.69%. Veritex's dividend payout ratio (DPR) is currently 46.51%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VBTX shares. StockNews.com upgraded shares of Veritex from a "sell" rating to a "hold" rating in a report on Saturday, May 11th. Piper Sandler increased their price objective on Veritex from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, April 25th. Keefe, Bruyette & Woods reduced their target price on Veritex from $29.00 to $27.00 and set an "outperform" rating on the stock in a research note on Thursday, January 25th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $24.00 price target on shares of Veritex in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Veritex has an average rating of "Hold" and an average target price of $24.38.

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.