LSV Asset Management Decreases Stake in Veritex Holdings, Inc. (NASDAQ:VBTX)

LSV Asset Management decreased its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 38.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 790,900 shares of the financial services provider's stock after selling 499,409 shares during the period. LSV Asset Management owned approximately 1.45% of Veritex worth $21,481,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. USA Financial Formulas bought a new position in shares of Veritex during the fourth quarter valued at about $32,000. R Squared Ltd purchased a new stake in shares of Veritex during the fourth quarter valued at approximately $45,000. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 431 shares during the period. KBC Group NV boosted its holdings in shares of Veritex by 73.5% in 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 last quarter. Finally, Meeder Asset Management Inc. grew its position in shares of Veritex by 9.8% during the 4th 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 during the period. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Veritex Stock Up 1.4 %

Veritex stock traded up $0.30 on Friday, hitting $21.79. 620,847 shares of the stock traded hands, compared to its average volume of 394,437. The business's fifty day simple moving average is $24.31 and its 200 day simple moving average is $26.51. The firm has a market cap of $1.19 billion, a P/E ratio of 11.17 and a beta of 1.11. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. Veritex Holdings, Inc. has a 1 year low of $18.74 and a 1 year high of $31.62.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. As a group, sell-side analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Friday, February 14th. Veritex's dividend payout ratio (DPR) is 41.03%.

Wall Street Analyst Weigh In

Several research analysts recently commented on VBTX shares. DA Davidson reaffirmed a "buy" rating and issued a $34.00 price objective on shares of Veritex in a report on Monday, March 17th. Stephens dropped their price objective on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. Raymond James downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Finally, Hovde Group upgraded Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price for the company in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Veritex presently has an average rating of "Moderate Buy" and an average target price of $30.90.

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.