Shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Get Free Report) saw an uptick in trading volume on Tuesday . 793,003 shares traded hands during trading, an increase of 81% from the previous session's volume of 438,609 shares.The stock last traded at $32.78 and had previously closed at $32.82.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on VBTX. The Goldman Sachs Group began coverage on Veritex in a research note on Monday. They set a "buy" rating on the stock. Raymond James Financial lowered Veritex from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $31.00 to $28.00 in a research note 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 on the stock in a report on Thursday, April 24th. Stephens reaffirmed an "equal weight" rating and set a $30.00 price objective on shares of Veritex in a report on Wednesday, April 23rd. Finally, DA Davidson decreased their price objective on Veritex from $34.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.92.
View Our Latest Analysis on Veritex
Veritex Stock Performance
The firm has a market capitalization of $1.75 billion, a P/E ratio of 15.81 and a beta of 1.03. The stock has a 50-day moving average of $25.83 and a 200 day moving average of $25.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 0.94.
Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Veritex had a return on equity of 7.51% and a net margin of 14.12%. During the same quarter last year, the firm posted $0.52 EPS. On average, research analysts anticipate 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 will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.73%. Veritex's dividend payout ratio is 43.14%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Veritex by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 3,931,593 shares of the financial services provider's stock worth $98,172,000 after buying an additional 56,676 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Veritex by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,803,752 shares of the financial services provider's stock worth $76,149,000 after buying an additional 125,189 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Veritex by 3.0% during the 1st quarter. Victory Capital Management Inc. now owns 2,040,856 shares of the financial services provider's stock worth $50,960,000 after buying an additional 59,056 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Veritex by 57.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,239,873 shares of the financial services provider's stock worth $33,675,000 after buying an additional 454,015 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Veritex by 22.7% during the 1st quarter. Millennium Management LLC now owns 1,185,353 shares of the financial services provider's stock worth $29,598,000 after buying an additional 218,962 shares in the last quarter. Institutional investors and hedge funds own 88.31% of the company's stock.
About Veritex
(
Get Free Report)
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.
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