Tudor Investment Corp ET AL Has $3.75 Million Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Tudor Investment Corp ET AL boosted its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 94.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,005 shares of the financial services provider's stock after acquiring an additional 66,899 shares during the period. Tudor Investment Corp ET AL owned about 0.25% of Veritex worth $3,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. USA Financial Formulas acquired a new position in shares of Veritex during the fourth quarter valued at about $32,000. Quarry LP grew its holdings in shares of Veritex by 117.0% in the fourth quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 824 shares during the period. R Squared Ltd acquired a new stake in Veritex during the fourth quarter worth about $45,000. GAMMA Investing LLC raised its stake in Veritex by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock worth $91,000 after purchasing an additional 431 shares during the period. Finally, KBC Group NV raised its position in shares of Veritex by 73.5% during the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock valued at $104,000 after buying an additional 1,621 shares during the period. Hedge funds and other institutional investors own 88.31% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VBTX. DA Davidson cut 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. Raymond James cut Veritex from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Stephens reissued an "equal weight" rating and set a $30.00 price objective on shares of Veritex in a research note 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 report on Thursday, April 24th. Finally, Hovde Group upgraded Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price for the company in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.25.

Veritex Trading Up 1.2 %

VBTX traded up $0.29 during midday trading on Wednesday, reaching $23.81. 46,215 shares of the company were exchanged, compared to its average volume of 387,388. The stock's 50-day simple moving average is $23.47 and its 200 day simple moving average is $26.26. The stock has a market capitalization of $1.29 billion, a P/E ratio of 12.21 and a beta of 1.01. 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 one year low of $18.74 and a one year high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The company had revenue of $109.73 million for the quarter, compared to analyst estimates of $110.73 million. Veritex had a return on equity of 7.59% and a net margin of 13.44%. During the same period in the previous year, the company posted $0.53 EPS. As a group, analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.22 dividend. This is an increase from Veritex's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.88 dividend on an annualized basis and a yield of 3.70%. Veritex's payout ratio is 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.