Annandale Capital LLC Has $422,000 Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Annandale Capital LLC cut its stake in Veritex Holdings, Inc. (NASDAQ:VBTX) by 20.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the financial services provider’s stock after selling 5,000 shares during the period. Annandale Capital LLC’s holdings in Veritex were worth $422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Veritex in the 2nd quarter valued at approximately $25,000. Fidelis Capital Partners LLC acquired a new position in shares of Veritex in the first quarter valued at $29,000. CWM LLC lifted its position in Veritex by 1,302.9% in the second quarter. CWM LLC now owns 3,339 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 3,101 shares during the period. TFO Wealth Partners LLC boosted its stake in Veritex by 363,500.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,636 shares of the financial services provider’s stock worth $85,000 after buying an additional 3,635 shares in the last quarter. Finally, Point72 DIFC Ltd increased its holdings in Veritex by 16.5% in the 2nd quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider’s stock valued at $122,000 after buying an additional 816 shares during the period. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VBTX has been the subject of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and set a $29.00 price objective on shares of Veritex in a 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 on the stock in a report on Tuesday, September 17th. Stephens increased 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. Finally, Piper Sandler raised their target price on Veritex from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Veritex currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Veritex Price Performance

Shares of Veritex stock opened at $25.81 on Friday. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 15.01 and a beta of 1.37. The firm’s 50-day moving average price is $24.13 and its two-hundred day moving average price is $21.71. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. Veritex Holdings, Inc. has a 1-year low of $15.93 and a 1-year high of $26.72.

Veritex (NASDAQ:VBTX) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The business had revenue of $106.81 million for the quarter, compared to analyst estimates of $108.39 million. Veritex had a net margin of 11.52% and a return on equity of 7.97%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 earnings per share. On average, equities analysts predict that Veritex Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.10%. Veritex’s dividend payout ratio is 46.51%.

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.