American Century Companies Inc. Acquires 86,327 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

American Century Companies Inc. lifted its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 11.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 827,202 shares of the financial services provider’s stock after acquiring an additional 86,327 shares during the period. American Century Companies Inc. owned 1.52% of Veritex worth $17,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Veritex by 12.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 647,486 shares of the financial services provider’s stock valued at $15,067,000 after purchasing an additional 73,700 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Veritex by 19.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,853,774 shares of the financial services provider’s stock valued at $43,139,000 after buying an additional 305,980 shares during the period. Quest Partners LLC bought a new stake in Veritex in the fourth quarter worth $76,000. Cape Investment Advisory Inc. purchased a new position in Veritex during the fourth quarter worth $52,000. Finally, Hsbc Holdings PLC increased its position in Veritex by 767.5% during the fourth quarter. Hsbc Holdings PLC now owns 277,041 shares of the financial services provider’s stock valued at $6,548,000 after acquiring an additional 245,106 shares during the last quarter. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Wall Street Analyst Weigh In

VBTX has been the subject of several analyst reports. Raymond James upgraded shares of Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 target price for the company in a report on Tuesday. Piper Sandler boosted their target price on shares of Veritex from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. DA Davidson reaffirmed a “buy” rating and issued a $29.00 price target on shares of Veritex in a research note on Wednesday, August 28th. StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Finally, Stephens raised their target price on shares of Veritex from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.00.

Veritex Stock Down 1.3 %

Shares of Veritex stock opened at $26.14 on Friday. Veritex Holdings, Inc. has a 1 year low of $15.93 and a 1 year high of $26.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 15.20 and a beta of 1.37. The firm’s 50-day moving average is $23.92 and its two-hundred day moving average is $21.50.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The business had revenue of $106.81 million during the quarter, compared to the consensus estimate of $108.39 million. Veritex had a return on equity of 7.97% and a net margin of 11.52%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. As a group, research analysts expect that Veritex Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.

Veritex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Friday, August 9th. Veritex’s payout ratio is currently 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.