R Squared Ltd Purchases Shares of 1,640 Veritex Holdings, Inc. (NASDAQ:VBTX)

R Squared Ltd purchased a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,640 shares of the financial services provider’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds have also recently modified their holdings of VBTX. KBC Group NV increased its position in shares of Veritex by 73.5% during the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 1,621 shares during the last quarter. True North Advisors LLC bought a new position in Veritex during the 4th quarter worth approximately $443,000. USA Financial Formulas bought a new position in Veritex during the 4th quarter worth approximately $32,000. GAMMA Investing LLC grew its position in Veritex by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 431 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Veritex by 24.1% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Veritex Stock Performance

NASDAQ:VBTX opened at $26.80 on Monday. The stock has a 50-day simple moving average of $27.85 and a two-hundred day simple moving average of $26.38. Veritex Holdings, Inc. has a 52-week low of $18.08 and a 52-week high of $31.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $1.46 billion, a PE ratio of 13.74 and a beta of 1.38.

Veritex (NASDAQ:VBTX) last released 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 7.63%. Analysts forecast that Veritex Holdings, Inc. will post 2.24 EPS for the current year.

Veritex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.99%. Veritex’s payout ratio is 41.03%.

Insider Activity

In related news, Director John Sughrue sold 16,820 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $30.25, for a total value of $508,805.00. Following the sale, the director now directly owns 62,643 shares in the company, valued at approximately $1,894,950.75. The trade was a 21.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

VBTX has been the subject of several research analyst reports. Raymond James dropped their price objective on Veritex from $32.00 to $31.00 and set a “strong-buy” rating for the company in a report on Thursday. Keefe, Bruyette & Woods cut Veritex from an “outperform” rating to a “market perform” rating in a report on Thursday, October 24th. Hovde Group upgraded 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. DA Davidson dropped their price objective on Veritex from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday. Finally, Piper Sandler increased their price objective on Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.50.

About Veritex

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.