Point72 DIFC Ltd Buys 816 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Point72 DIFC Ltd lifted its position in Veritex Holdings, Inc. (NASDAQ:VBTX) by 16.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,763 shares of the financial services provider’s stock after acquiring an additional 816 shares during the period. Point72 DIFC Ltd’s holdings in Veritex were worth $122,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VBTX. Vanguard Group Inc. increased its holdings in shares of Veritex by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,795,336 shares of the financial services provider’s stock worth $77,766,000 after acquiring an additional 23,222 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Veritex by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,445,102 shares of the financial services provider’s stock valued at $51,566,000 after buying an additional 299,562 shares during the period. Victory Capital Management Inc. increased its position in shares of Veritex by 1.9% during the second quarter. Victory Capital Management Inc. now owns 1,968,608 shares of the financial services provider’s stock worth $41,518,000 after acquiring an additional 37,617 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Veritex by 16.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,668,743 shares of the financial services provider’s stock valued at $34,193,000 after purchasing an additional 235,154 shares during the period. Finally, First Trust Advisors LP lifted its position in Veritex by 23.2% during the 4th quarter. First Trust Advisors LP now owns 1,303,041 shares of the financial services provider’s stock worth $30,322,000 after buying an additional 245,133 shares in the last quarter. Institutional investors own 88.31% of the company’s stock.

Veritex Price Performance

Veritex stock opened at $25.29 on Wednesday. The stock has a 50-day moving average price of $24.19 and a two-hundred day moving average price of $21.83. Veritex Holdings, Inc. has a 12 month low of $15.93 and a 12 month high of $26.72. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.38 billion, a PE ratio of 14.70 and a beta of 1.37.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). The firm had revenue of $106.81 million for the quarter, compared to the consensus estimate of $108.39 million. Veritex had a net margin of 11.52% and a return on equity of 7.97%. The company’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. Analysts expect that Veritex Holdings, Inc. will post 2.14 EPS for the current year.

Veritex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.20 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.16%. Veritex’s dividend payout ratio is currently 46.51%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VBTX shares. Stephens upped their target price on Veritex from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. DA Davidson reaffirmed a “buy” rating and set a $29.00 price target on shares of Veritex in a research report on Wednesday, August 28th. Raymond James raised Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Tuesday, September 17th. Finally, Piper Sandler boosted their target price on shares of Veritex from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

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.