Wellington Management Group LLP Has $12.73 Million Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Wellington Management Group LLP boosted its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 547,221 shares of the financial services provider’s stock after acquiring an additional 50,406 shares during the quarter. Wellington Management Group LLP owned 1.00% of Veritex worth $12,734,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cape Investment Advisory Inc. acquired a new stake in shares of Veritex during the 4th quarter valued at about $52,000. GAMMA Investing LLC acquired a new stake in shares of Veritex during the 4th quarter valued at about $60,000. Quest Partners LLC acquired a new stake in shares of Veritex during the 4th quarter valued at about $76,000. TFO Wealth Partners LLC lifted its holdings in shares of Veritex by 363,500.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,636 shares of the financial services provider’s stock valued at $85,000 after buying an additional 3,635 shares during the last quarter. Finally, Clear Street Markets LLC acquired a new stake in shares of Veritex during the 4th quarter valued at about $198,000. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Veritex Stock Up 0.3 %

Shares of VBTX stock opened at $20.12 on Thursday. The stock’s 50 day simple moving average is $20.31 and its 200 day simple moving average is $20.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.95 and a current ratio of 0.96. Veritex Holdings, Inc. has a twelve month low of $15.93 and a twelve month high of $24.46. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 11.70 and a beta of 1.36.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.06). The business had revenue of $191.25 million during the quarter, compared to the consensus estimate of $109.70 million. Veritex had a return on equity of 8.46% and a net margin of 12.47%. During the same period in the prior year, the firm earned $0.79 earnings per share. As a group, research analysts predict that Veritex Holdings, Inc. will post 2.16 EPS for the current year.

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Thursday, May 9th. Veritex’s dividend payout ratio is currently 46.51%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VBTX. Stephens reiterated an “equal weight” rating and set a $24.00 price target on shares of Veritex in a report on Wednesday, April 24th. StockNews.com upgraded Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Piper Sandler raised their price objective on Veritex from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Veritex currently has a consensus rating of “Hold” and an average price target of $24.38.

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.