Veritex Holdings, Inc. $VBTX Shares Acquired by LSV Asset Management

LSV Asset Management lifted its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 850,431 shares of the financial services provider’s stock after buying an additional 85,131 shares during the quarter. LSV Asset Management’s holdings in Veritex were worth $22,196,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of VBTX. Acadian Asset Management LLC acquired a new stake in Veritex in the first quarter valued at $28,000. GAMMA Investing LLC grew its stake in shares of Veritex by 28.9% during the 2nd quarter. GAMMA Investing LLC now owns 4,513 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,011 shares during the period. Strs Ohio purchased a new position in shares of Veritex in the 1st quarter valued at about $135,000. Quarry LP lifted its stake in shares of Veritex by 327.6% in the first quarter. Quarry LP now owns 6,534 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 5,006 shares during the period. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of Veritex in the second quarter valued at about $208,000. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Veritex Stock Performance

NASDAQ:VBTX opened at $30.26 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.66 billion, a P/E ratio of 14.41 and a beta of 1.06. The firm has a 50-day moving average price of $31.77 and a two-hundred day moving average price of $29.68. Veritex Holdings, Inc. has a twelve month low of $20.37 and a twelve month high of $34.96.

Veritex (NASDAQ:VBTX) last released its quarterly earnings results on Thursday, March 3rd. The financial services provider reported $0.64 EPS for the quarter. Veritex had a net margin of 14.83% and a return on equity of 7.55%. The business had revenue of $64.03 million for the quarter. As a group, research analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 16th. Veritex’s payout ratio is 41.90%.

Analysts Set New Price Targets

Several research analysts have weighed in on VBTX shares. DA Davidson upped their target price on shares of Veritex from $32.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Keefe, Bruyette & Woods boosted their price target on Veritex from $30.00 to $37.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Veritex in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.25.

Insider Buying and Selling at Veritex

In related news, Director Arcilia Acosta sold 3,617 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $34.33, for a total transaction of $124,171.61. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Angela Harper sold 2,527 shares of Veritex stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $33.68, for a total value of $85,109.36. Following the sale, the executive vice president owned 53,991 shares of the company’s stock, valued at approximately $1,818,416.88. This represents a 4.47% decrease in their position. The SEC filing for this sale provides additional information. 4.30% of the stock is owned by corporate insiders.

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.