9,508 Shares in Veritex Holdings, Inc. (NASDAQ:VBTX) Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC acquired a new stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,508 shares of the financial services provider’s stock, valued at approximately $221,000.

Other institutional investors also recently added to or reduced their stakes in the company. Ziegler Capital Management LLC acquired a new stake in Veritex during the fourth quarter valued at approximately $3,443,000. Assenagon Asset Management S.A. acquired a new stake in Veritex during the third quarter valued at approximately $1,012,000. Victory Capital Management Inc. boosted its holdings in Veritex by 33.1% during the third quarter. Victory Capital Management Inc. now owns 1,722,331 shares of the financial services provider’s stock valued at $30,916,000 after purchasing an additional 427,922 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Veritex by 334.0% during the third quarter. AQR Capital Management LLC now owns 242,809 shares of the financial services provider’s stock valued at $4,358,000 after purchasing an additional 186,857 shares in the last quarter. Finally, Vest Financial LLC acquired a new stake in Veritex during the fourth quarter valued at approximately $240,000. 88.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VBTX has been the subject of a number of research analyst reports. Stephens reiterated an “equal weight” rating and issued a $24.00 target price on shares of Veritex in a research note on Monday, April 1st. StockNews.com cut shares of Veritex from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods cut their target price on shares of Veritex from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Finally, Piper Sandler lifted their target price on shares of Veritex from $23.50 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Veritex has a consensus rating of “Hold” and an average price target of $24.13.

Veritex Stock Performance

VBTX stock opened at $20.77 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.97 and a quick ratio of 0.96. The company has a 50 day moving average price of $19.86 and a 200 day moving average price of $20.28. Veritex Holdings, Inc. has a fifty-two week low of $14.88 and a fifty-two week high of $24.46. The stock has a market capitalization of $1.13 billion, a PE ratio of 10.49 and a beta of 1.34.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). Veritex had a return on equity of 9.47% and a net margin of 14.51%. The company had revenue of $77.74 million during the quarter, compared to the consensus estimate of $110.67 million. During the same quarter last year, the firm earned $0.74 EPS. The business’s revenue for the quarter was down 35.4% on a year-over-year basis. Analysts forecast that Veritex Holdings, Inc. will post 2.24 EPS for the current year.

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.