Boothbay Fund Management LLC Has $4.66 Million Stock Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Boothbay Fund Management LLC decreased its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 44.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 171,681 shares of the financial services provider's stock after selling 139,505 shares during the period. Boothbay Fund Management LLC owned 0.32% of Veritex worth $4,663,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. USA Financial Formulas bought a new stake in shares of Veritex during the fourth quarter worth approximately $32,000. R Squared Ltd bought a new position in Veritex during the 4th quarter worth $45,000. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 431 shares in the last quarter. KBC Group NV boosted its position in shares of Veritex by 73.5% in the fourth quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock valued at $104,000 after acquiring an additional 1,621 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in shares of Veritex by 9.8% in the fourth quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider's stock valued at $146,000 after acquiring an additional 481 shares in the last quarter. Institutional investors and hedge funds own 88.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VBTX. Hovde Group raised shares of 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. Keefe, Bruyette & Woods lowered their price objective 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. DA Davidson dropped their price target on Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Stephens reissued an "equal weight" rating and issued a $30.00 target price on shares of Veritex in a report on Wednesday, April 23rd. Finally, Raymond James cut shares of Veritex from a "strong-buy" rating to an "outperform" rating and dropped their target price for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.25.

Veritex Price Performance

Shares of Veritex stock traded up $0.65 during midday trading on Friday, hitting $24.12. 103,922 shares of the company traded hands, compared to its average volume of 390,525. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 12.37 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. The firm's fifty day moving average price is $23.59 and its 200-day moving average price is $26.34. Veritex Holdings, Inc. has a 12 month low of $18.74 and a 12 month high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 EPS 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 during the quarter, compared to analysts' expectations of $110.73 million. During the same period in the prior year, the company earned $0.53 EPS. As a group, sell-side analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, May 8th. This is an increase from Veritex's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 3.65%. Veritex's dividend payout ratio (DPR) is currently 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.