Yousif Capital Management LLC lessened its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX – Free Report) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,884 shares of the financial services provider’s stock after selling 1,606 shares during the period. Yousif Capital Management LLC owned 0.05% of Veritex worth $518,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd raised its stake in Veritex by 7.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 14,219 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 994 shares during the period. Duality Advisers LP bought a new position in Veritex during the 1st quarter worth $676,000. American Century Companies Inc. increased its position in Veritex by 4.8% during the 1st quarter. American Century Companies Inc. now owns 2,376,090 shares of the financial services provider’s stock worth $43,387,000 after buying an additional 109,477 shares during the period. Jump Financial LLC increased its position in Veritex by 237.4% during the 1st quarter. Jump Financial LLC now owns 72,247 shares of the financial services provider’s stock worth $1,319,000 after buying an additional 50,836 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Veritex by 6.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 49,644 shares of the financial services provider’s stock worth $890,000 after buying an additional 2,876 shares during the period. Institutional investors own 87.29% of the company’s stock.
Analysts Set New Price Targets
VBTX has been the topic of several recent research reports. Stephens lowered their price objective on Veritex from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. StockNews.com initiated coverage on Veritex in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.83.
Veritex Stock Performance
VBTX opened at $18.43 on Thursday. The firm has a market cap of $1.00 billion, a P/E ratio of 6.95 and a beta of 1.41. Veritex Holdings, Inc. has a 52-week low of $14.88 and a 52-week high of $33.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 0.99. The business’s fifty day moving average is $18.11 and its 200-day moving average is $18.51.
Veritex (NASDAQ:VBTX – Get Free Report) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $109.04 million for the quarter, compared to analyst estimates of $111.60 million. Veritex had a return on equity of 10.19% and a net margin of 19.48%. Sell-side analysts expect that Veritex Holdings, Inc. will post 2.65 EPS for the current fiscal year.
Veritex Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Thursday, November 9th. Veritex’s dividend payout ratio (DPR) is currently 30.19%.
Insider Transactions at Veritex
In other Veritex news, Director Gregory B. Morrison acquired 1,734 shares of Veritex stock in a transaction that occurred on Tuesday, October 31st. The shares were acquired at an average cost of $17.30 per share, with a total value of $29,998.20. Following the completion of the purchase, the director now directly owns 29,636 shares of the company’s stock, valued at approximately $512,702.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is currently owned by insiders.
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, consumer, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.
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