Bank of New York Mellon Corp Has $12.22 Million Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Bank of New York Mellon Corp lessened its position in Veritex Holdings, Inc. (NASDAQ:VBTX) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 489,502 shares of the financial services provider’s stock after selling 21,150 shares during the quarter. Bank of New York Mellon Corp owned about 0.90% of Veritex worth $12,223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Veritex during the 4th quarter worth about $6,974,000. Commonwealth Equity Services LLC lifted its holdings in shares of Veritex by 9.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 28,800 shares of the financial services provider’s stock worth $782,000 after buying an additional 2,437 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Veritex by 6.6% in the fourth quarter. Teacher Retirement System of Texas now owns 17,020 shares of the financial services provider’s stock valued at $462,000 after acquiring an additional 1,050 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Veritex in the fourth quarter worth $599,000. Finally, American Century Companies Inc. increased its position in 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 acquiring an additional 14,924 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VBTX shares. The Goldman Sachs Group assumed coverage on shares of Veritex in a research report on Monday, July 14th. They issued a “buy” rating on the stock. Piper Sandler reissued a “neutral” rating and set a $34.00 target price (up from $30.00) on shares of Veritex in a research report on Wednesday, July 16th. Raymond James Financial cut Veritex from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $31.00 to $28.00 in a report on Wednesday, April 2nd. Stephens reissued an “equal weight” rating and set a $30.00 price objective on shares of Veritex in a report on Wednesday, April 23rd. Finally, DA Davidson cut their target price on Veritex from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.92.

Veritex Trading Down 1.7%

VBTX stock opened at $32.25 on Monday. Veritex Holdings, Inc. has a 1-year low of $20.10 and a 1-year high of $33.69. 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 business’s 50 day moving average is $26.00 and its 200-day moving average is $25.17. The firm has a market cap of $1.75 billion, a P/E ratio of 15.36 and a beta of 1.03.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. Veritex had a return on equity of 7.59% and a net margin of 14.83%. The firm had revenue of $109.83 million during the quarter, compared to analyst estimates of $110.91 million. During the same period in the prior year, the company posted $0.52 earnings per share. Equities analysts anticipate that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.73%. Veritex’s dividend payout ratio is currently 43.14%.

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.