Louisiana State Employees Retirement System Takes $633,000 Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Louisiana State Employees Retirement System purchased a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX) in the fourth quarter, HoldingsChannel reports. The firm purchased 27,200 shares of the financial services provider’s stock, valued at approximately $633,000.

Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp increased its position in Veritex by 1,319.3% during the 3rd quarter. Fifth Third Bancorp now owns 3,236 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 3,008 shares in the last quarter. Teza Capital Management LLC purchased a new stake in Veritex during the 3rd quarter worth about $218,000. Mutual of America Capital Management LLC purchased a new stake in Veritex during the 4th quarter worth about $221,000. Vest Financial LLC purchased a new stake in Veritex during the 4th quarter worth about $240,000. Finally, Dark Forest Capital Management LP increased its position in Veritex by 6.3% during the 3rd quarter. Dark Forest Capital Management LP now owns 21,306 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 1,263 shares in the last quarter. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stephens reiterated an “equal weight” rating and set a $24.00 price objective on shares of Veritex in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods dropped their price objective on Veritex from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. Piper Sandler lifted their price objective on Veritex from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, StockNews.com upgraded Veritex from a “sell” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.38.

Veritex Stock Down 1.1 %

Shares of NASDAQ:VBTX opened at $20.17 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.96 and a current ratio of 0.96. Veritex Holdings, Inc. has a 1 year low of $14.88 and a 1 year high of $24.46. The stock has a market capitalization of $1.10 billion, a P/E ratio of 11.73 and a beta of 1.34. The stock has a 50-day simple moving average of $19.86 and a 200-day simple moving average of $20.32.

Veritex (NASDAQ:VBTX) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.06). The company had revenue of $191.25 million for the quarter, compared to analyst estimates of $109.70 million. Veritex had a return on equity of 8.46% and a net margin of 12.47%. During the same period last year, the firm posted $0.79 earnings per share. Equities analysts forecast that Veritex Holdings, Inc. will post 2.19 earnings per share for the current year.

Veritex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.97%. The ex-dividend date is Thursday, May 9th. Veritex’s dividend payout ratio (DPR) is presently 46.51%.

About Veritex

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.