Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Jump Financial LLC

Jump Financial LLC decreased its position in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 34.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,900 shares of the financial services provider's stock after selling 16,410 shares during the quarter. Jump Financial LLC owned 0.06% of Veritex worth $866,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Veritex by 5.1% during the fourth quarter. Barclays PLC now owns 123,585 shares of the financial services provider's stock worth $3,356,000 after purchasing an additional 5,976 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Veritex by 25,046.2% during the 4th quarter. Sterling Capital Management LLC now owns 45,766 shares of the financial services provider's stock worth $1,243,000 after buying an additional 45,584 shares in the last quarter. Kennedy Capital Management LLC boosted its position in Veritex by 52.6% in the 4th quarter. Kennedy Capital Management LLC now owns 601,276 shares of the financial services provider's stock valued at $16,331,000 after buying an additional 207,376 shares during the period. Raymond James Financial Inc. purchased a new position in Veritex in the 4th quarter valued at approximately $6,974,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Veritex by 6.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 53,767 shares of the financial services provider's stock worth $1,460,000 after acquiring an additional 3,112 shares in the last quarter. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Veritex Stock Up 0.7 %

VBTX stock traded up $0.17 during trading on Friday, hitting $23.30. 422,739 shares of the company's stock were exchanged, compared to its average volume of 393,299. The business has a 50-day moving average price of $23.81 and a two-hundred day moving average price of $26.42. 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 stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.95 and a beta of 1.11. Veritex Holdings, Inc. has a 52-week low of $18.74 and a 52-week high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Veritex had a net margin of 13.44% and a return on equity of 7.59%. The business had revenue of $109.73 million during the quarter, compared to analysts' expectations of $110.73 million. During the same quarter in the prior year, the business posted $0.53 EPS. As a group, equities research analysts expect that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.22 per share. This is a positive change 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 annualized dividend and a dividend yield of 3.78%. Veritex's dividend payout ratio (DPR) is presently 41.03%.

Analyst Ratings Changes

VBTX has been the subject of a number of recent research reports. Raymond James lowered 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 report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price objective on Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a research note on Thursday. 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 research note on Thursday, January 30th. DA Davidson reduced 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. Finally, Stephens reiterated an "equal weight" rating and set a $30.00 price target on shares of Veritex in a report on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.25.

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.