Deutsche Bank AG Grows Stake in Veritex Holdings, Inc. (NASDAQ:VBTX)

Deutsche Bank AG lifted its stake in Veritex Holdings, Inc. (NASDAQ:VBTX) by 48.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,636 shares of the financial services provider’s stock after purchasing an additional 15,596 shares during the quarter. Deutsche Bank AG owned about 0.09% of Veritex worth $1,294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VBTX. Vanguard Group Inc. lifted its holdings in Veritex by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 3,874,917 shares of the financial services provider’s stock valued at $105,243,000 after acquiring an additional 39,746 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Veritex by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,803,752 shares of the financial services provider’s stock valued at $76,149,000 after purchasing an additional 125,189 shares during the period. American Century Companies Inc. increased its stake in shares of Veritex by 1.9% during the fourth quarter. American Century Companies Inc. now owns 789,909 shares of the financial services provider’s stock worth $21,454,000 after purchasing an additional 14,924 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Veritex by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 741,274 shares of the financial services provider’s stock worth $20,133,000 after purchasing an additional 8,409 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Veritex by 12.9% during the 4th quarter. JPMorgan Chase & Co. now owns 712,727 shares of the financial services provider’s stock worth $19,358,000 after purchasing an additional 81,355 shares during the last quarter. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Veritex Trading Down 0.3%

NASDAQ:VBTX opened at $23.98 on Monday. Veritex Holdings, Inc. has a 52-week low of $18.74 and a 52-week high of $31.62. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $23.43 and a 200-day simple moving average of $25.97. The company has a market capitalization of $1.30 billion, a PE ratio of 12.30 and a beta of 1.01.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Veritex had a return on equity of 7.59% and a net margin of 13.44%. The business had revenue of $109.73 million for the quarter, compared to the consensus estimate of $110.73 million. During the same period in the prior year, the business earned $0.53 earnings per share. On average, equities research analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Thursday, May 8th. This is a positive change from Veritex’s previous quarterly dividend of $0.20. Veritex’s dividend payout ratio (DPR) is 43.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VBTX shares. Raymond James cut shares of Veritex from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $31.00 to $28.00 in a research note on Wednesday, April 2nd. DA Davidson dropped their price objective on shares of Veritex from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Hovde Group upgraded shares of Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price objective for the company in a report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their target price on Veritex from $33.00 to $30.00 and set a “market perform” rating on the stock in a report on Thursday, April 24th. Finally, Stephens restated an “equal weight” rating and issued a $30.00 price target on shares of Veritex in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.25.

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.