Veritex Holdings, Inc. (NASDAQ:VBTX) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $30.25.

Several equities research analysts have weighed in on VBTX shares. Keefe, Bruyette & Woods dropped 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. DA Davidson decreased their target price on Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Stephens reiterated an "equal weight" rating and issued a $30.00 price target on shares of Veritex in a report on Wednesday, April 23rd. Finally, Raymond James Financial lowered shares of Veritex from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from $31.00 to $28.00 in a report on Wednesday, April 2nd.

Institutional Trading of Veritex

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new position in Veritex during the 1st quarter valued at about $28,000. Opal Wealth Advisors LLC purchased a new position in shares of Veritex during the first quarter valued at approximately $31,000. Quarry LP lifted its holdings in shares of Veritex by 117.0% during 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 last quarter. Strs Ohio bought a new stake in shares of Veritex in the 1st quarter worth approximately $135,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Veritex in the 4th quarter worth approximately $143,000. 88.31% of the stock is owned by hedge funds and other institutional investors.

Veritex Trading Up 0.6%

NASDAQ:VBTX traded up $0.15 during midday trading on Thursday, reaching $24.17. 316,746 shares of the stock traded hands, compared to its average volume of 390,903. The stock has a market capitalization of $1.31 billion, a P/E ratio of 11.85 and a beta of 1.02. Veritex has a 12 month low of $19.78 and a 12 month high of $31.62. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 0.94. The company has a fifty day moving average of $23.74 and a 200 day moving average of $25.35.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $109.73 million during the quarter, compared to the consensus estimate of $110.73 million. Veritex had a net margin of 14.12% and a return on equity of 7.51%. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, research analysts predict that Veritex will post 2.26 EPS for the current year.

Veritex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.22 per share. 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 boost from Veritex's previous quarterly dividend of $0.20. 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.