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

Teacher Retirement System of Texas grew its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,020 shares of the financial services provider’s stock after acquiring an additional 1,050 shares during the quarter. Teacher Retirement System of Texas’ holdings in Veritex were worth $462,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Veritex by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,293,966 shares of the financial services provider’s stock worth $34,064,000 after purchasing an additional 18,185 shares during the period. Barclays PLC lifted its position in Veritex by 63.8% during the third quarter. Barclays PLC now owns 117,609 shares of the financial services provider’s stock valued at $3,095,000 after buying an additional 45,787 shares in the last quarter. GAMMA Investing LLC grew its stake in Veritex by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock worth $91,000 after buying an additional 431 shares during the period. JPMorgan Chase & Co. increased its position in shares of Veritex by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider’s stock worth $16,618,000 after acquiring an additional 122,809 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Veritex by 4.6% in the 3rd quarter. Stifel Financial Corp now owns 48,582 shares of the financial services provider’s stock valued at $1,279,000 after acquiring an additional 2,115 shares during the period. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

Veritex Price Performance

Shares of NASDAQ VBTX opened at $24.97 on Tuesday. The business has a 50 day moving average price of $25.75 and a two-hundred day moving average price of $26.93. Veritex Holdings, Inc. has a fifty-two week low of $18.74 and a fifty-two week high of $31.62. The firm has a market cap of $1.36 billion, a PE ratio of 12.81 and a beta of 1.36. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. Sell-side analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.20%. Veritex’s payout ratio is 41.03%.

Analyst Ratings Changes

A number of brokerages recently weighed in on VBTX. Stephens decreased their price target on shares of Veritex from $34.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Hovde Group raised Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 target price for the company in a research report on Thursday, January 30th. Raymond James dropped their target price on Veritex from $32.00 to $31.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 30th. Finally, DA Davidson restated a “buy” rating and issued a $34.00 price target on shares of Veritex in a report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Veritex presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

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.