Veritex Holdings, Inc. (NASDAQ:VBTX) Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 24.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 631,372 shares of the financial services provider’s stock after acquiring an additional 122,809 shares during the period. JPMorgan Chase & Co. owned about 1.16% of Veritex worth $16,618,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Veritex during the 2nd quarter worth approximately $25,000. Systematic Financial Management LP bought a new position in Veritex during the 3rd quarter worth $98,000. Point72 DIFC Ltd increased its position in Veritex by 16.5% in the second quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider’s stock worth $122,000 after buying an additional 816 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in Veritex by 295.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,438 shares of the financial services provider’s stock valued at $196,000 after buying an additional 5,559 shares during the last quarter. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Veritex during the third quarter valued at $215,000. 88.31% of the stock is currently owned by institutional investors.

Veritex Price Performance

Shares of NASDAQ:VBTX opened at $24.44 on Friday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 15.67 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.95. Veritex Holdings, Inc. has a 12 month low of $18.08 and a 12 month high of $31.62. The stock’s 50 day moving average price is $28.69 and its 200 day moving average price is $25.80.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Veritex had a return on equity of 7.79% and a net margin of 11.11%. The company had revenue of $113.17 million for the quarter, compared to the consensus estimate of $110.22 million. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that Veritex Holdings, Inc. will post 2.17 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 3.27%. Veritex’s dividend payout ratio (DPR) is 51.28%.

Insider Transactions at Veritex

In other Veritex news, CEO C Malcolm Holland III sold 12,777 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $27.69, for a total transaction of $353,795.13. Following the sale, the chief executive officer now owns 224,132 shares in the company, valued at approximately $6,206,215.08. The trade was a 5.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Sughrue sold 16,820 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $30.25, for a total transaction of $508,805.00. Following the completion of the transaction, the director now owns 62,643 shares of the company’s stock, valued at approximately $1,894,950.75. The trade was a 21.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on VBTX. Piper Sandler increased their price objective on shares of Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods lowered shares of Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th. Raymond James upgraded 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, September 17th. StockNews.com upgraded Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, DA Davidson boosted their price target on Veritex from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

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.