Salzhauer Michael Increases Stake in Veritex Holdings, Inc. (NASDAQ:VBTX)

Salzhauer Michael raised its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 20.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 59,361 shares of the financial services provider’s stock after acquiring an additional 10,184 shares during the quarter. Veritex comprises approximately 0.6% of Salzhauer Michael’s investment portfolio, making the stock its 29th largest holding. Salzhauer Michael’s holdings in Veritex were worth $1,482,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of VBTX. Meeder Asset Management Inc. grew its stake in Veritex by 9.8% during the 4th quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 481 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Veritex by 1.5% during the first quarter. SummerHaven Investment Management LLC now owns 37,056 shares of the financial services provider’s stock worth $925,000 after buying an additional 536 shares during the period. Tower Research Capital LLC TRC raised its holdings in Veritex by 7.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,166 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 751 shares in the last quarter. Quarry LP lifted its stake in Veritex by 117.0% in the fourth quarter. Quarry LP now owns 1,528 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 824 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Veritex by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,863 shares of the financial services provider’s stock valued at $811,000 after purchasing an additional 992 shares during the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Stock Down 0.5%

Veritex stock opened at $25.37 on Thursday. The company has a market capitalization of $1.38 billion, a P/E ratio of 12.44 and a beta of 1.02. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 0.94. Veritex Holdings, Inc. has a fifty-two week low of $19.79 and a fifty-two week high of $31.62. The stock has a 50-day simple moving average of $24.10 and a 200-day simple moving average of $25.16.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $109.73 million during the quarter, compared to analysts’ expectations of $110.73 million. Veritex had a return on equity of 7.51% and a net margin of 14.12%. During the same quarter in the previous year, the business earned $0.53 earnings per share. Equities research analysts expect 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. Shareholders of record on Thursday, May 8th were given a dividend of $0.22 per share. This is an increase from Veritex’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 3.47%. The ex-dividend date was Thursday, May 8th. Veritex’s dividend payout ratio (DPR) is presently 43.14%.

Analyst Upgrades and Downgrades

VBTX has been the subject of several recent analyst reports. DA Davidson decreased their price objective on shares of Veritex from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Raymond James Financial downgraded Veritex from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $31.00 to $28.00 in a report on Wednesday, April 2nd. Stephens restated an “equal weight” rating and set a $30.00 target price on shares of Veritex in a research note on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods lowered their price target on Veritex from $33.00 to $30.00 and set a “market perform” rating for the company in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Veritex has an average rating of “Moderate Buy” and a consensus target price of $30.25.

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.