Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 32.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,794 shares of the financial services provider’s stock after selling 45,383 shares during the period. State of New Jersey Common Pension Fund D owned 0.17% of Veritex worth $1,999,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Fidelis Capital Partners LLC acquired a new stake in Veritex during the 1st quarter worth $29,000. Cape Investment Advisory Inc. acquired a new stake in shares of Veritex during the fourth quarter worth about $52,000. CWM LLC grew its holdings in shares of Veritex by 1,302.9% during the second quarter. CWM LLC now owns 3,339 shares of the financial services provider’s stock worth $70,000 after buying an additional 3,101 shares during the last quarter. Quest Partners LLC acquired a new position in Veritex in the 4th quarter valued at about $76,000. Finally, TFO Wealth Partners LLC raised its stake in 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 acquiring an additional 3,635 shares during the last quarter. 88.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Veritex Stock Down 1.3 %

Shares of NASDAQ VBTX opened at $26.14 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $23.92 and a 200 day moving average price of $21.50. Veritex Holdings, Inc. has a 52 week low of $15.93 and a 52 week high of $26.72. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 15.20 and a beta of 1.37.

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

Veritex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, August 9th. Veritex’s dividend payout ratio (DPR) is presently 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.