Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in Veritex Holdings, Inc. (NASDAQ:VBTX) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,367 shares of the financial services provider’s stock after purchasing an additional 2,347 shares during the quarter. Teacher Retirement System of Texas’ holdings in Veritex were worth $484,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in Veritex in the 1st quarter worth about $31,000. Quarry LP raised its holdings in shares of Veritex by 117.0% during the fourth quarter. Quarry LP now owns 1,528 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 824 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Veritex in the fourth quarter valued at approximately $143,000. Meeder Asset Management Inc. lifted its position in shares of Veritex by 9.8% in the fourth quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 481 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Veritex in the fourth quarter worth approximately $231,000. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Veritex Trading Up 1.0%

Shares of VBTX stock opened at $32.07 on Thursday. The company’s 50-day moving average price is $25.65 and its 200-day moving average price is $25.12. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 15.72 and a beta of 1.03. Veritex Holdings, Inc. has a twelve month low of $20.10 and a twelve month high of $33.69.

Veritex (NASDAQ:VBTX) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Veritex had a net margin of 14.12% and a return on equity of 7.51%. The company had revenue of $109.73 million for the quarter, compared to the consensus estimate of $110.73 million. During the same period in the previous year, the firm earned $0.53 earnings per share. As a group, equities analysts predict that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a $0.22 dividend. The ex-dividend date was Thursday, May 8th. This is a boost from Veritex’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 2.74%. Veritex’s dividend payout ratio is currently 43.14%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. William Blair raised Veritex to an “outperform” rating in a research note on Monday. Keefe, Bruyette & Woods reduced their target price on shares of Veritex from $33.00 to $30.00 and set a “market perform” rating for the company in a research report on Thursday, April 24th. DA Davidson decreased their price target on shares of Veritex from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler reaffirmed a “neutral” rating and set a $34.00 price objective (up previously from $30.00) on shares of Veritex in a research note on Wednesday. Finally, The Goldman Sachs Group started coverage on shares of Veritex in a report on Monday. They issued a “buy” rating for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Veritex presently has an average rating of “Moderate Buy” and a consensus price target of $30.92.

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.