Veritex Holdings, Inc. (NASDAQ:VBTX) Given Consensus Rating of "Moderate Buy" by Brokerages

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

A number of research firms recently weighed in on VBTX. Raymond James lowered shares of Veritex from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $31.00 to $28.00 in a research report on Wednesday, April 2nd. 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. Hovde Group upgraded shares of Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price on the stock in a report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their target price on shares of Veritex from $33.00 to $30.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. Finally, DA Davidson decreased their target price on shares of Veritex from $34.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd.

Hedge Funds Weigh In On Veritex

Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new stake in Veritex during the 1st quarter worth approximately $28,000. Opal Wealth Advisors LLC purchased a new stake in Veritex during the 1st quarter worth approximately $31,000. Quarry LP increased its stake in Veritex by 117.0% during the 4th quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock worth $42,000 after buying an additional 824 shares during the period. R Squared Ltd purchased a new stake in Veritex during the 4th quarter worth approximately $45,000. Finally, KBC Group NV increased its stake in Veritex by 73.5% during the 4th 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. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Veritex Price Performance

Shares of VBTX stock traded down $0.16 on Friday, reaching $24.16. 17,621 shares of the company were exchanged, compared to its average volume of 393,941. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 12.39 and a beta of 1.01. The business has a 50-day moving average price of $23.42 and a 200 day moving average price of $25.91. 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 has a 1 year low of $18.74 and a 1 year high of $31.62.

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

Veritex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a $0.22 dividend. This is a positive change from Veritex's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, May 8th. Veritex's dividend payout ratio is currently 43.14%.

About Veritex

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.