Veritex Holdings, Inc. (NASDAQ:VBTX) Stock Holdings Decreased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. trimmed its stake in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 12.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,296 shares of the financial services provider's stock after selling 32,959 shares during the period. Balyasny Asset Management L.P. owned approximately 0.44% of Veritex worth $6,554,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Algert Global LLC increased its holdings in shares of Veritex by 6.2% in the 4th quarter. Algert Global LLC now owns 84,336 shares of the financial services provider's stock valued at $2,291,000 after acquiring an additional 4,951 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Veritex during the 4th quarter valued at about $256,000. AQR Capital Management LLC increased its holdings in shares of Veritex by 8.2% in the fourth quarter. AQR Capital Management LLC now owns 444,515 shares of the financial services provider's stock valued at $12,073,000 after purchasing an additional 33,566 shares during the period. Tudor Investment Corp ET AL raised its stake in shares of Veritex by 94.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 138,005 shares of the financial services provider's stock worth $3,748,000 after purchasing an additional 66,899 shares during the last quarter. Finally, 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 worth $42,000 after purchasing an additional 824 shares during the period. 88.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Hovde Group raised Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price objective for the company in a report on Thursday, January 30th. Raymond James cut Veritex from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from $31.00 to $28.00 in a report on Wednesday, April 2nd. DA Davidson reduced their price target 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 set a $30.00 price objective on shares of Veritex in a research note on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods lowered their price target on Veritex from $33.00 to $30.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Veritex has a consensus rating of "Moderate Buy" and an average price target of $30.25.

Veritex Stock Performance

Shares of Veritex stock traded up $0.09 during trading hours on Tuesday, hitting $24.94. 252,961 shares of the company were exchanged, compared to its average volume of 390,392. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average of $23.34 and a 200-day moving average of $26.16. Veritex Holdings, Inc. has a 1 year low of $18.74 and a 1 year high of $31.62. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 12.79 and a beta of 1.01.

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 for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Veritex had a return on equity of 7.59% and a net margin of 13.44%. The company had revenue of $109.73 million for the quarter, compared to analyst estimates of $110.73 million. During the same quarter in the previous year, the company earned $0.53 EPS. As a group, analysts expect that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders 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 yield of 3.53%. The ex-dividend date is Thursday, May 8th. Veritex's payout ratio is presently 43.14%.

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.