Yousif Capital Management LLC Has $558,000 Stake in Veritex Holdings, Inc. (NASDAQ:VBTX)

Yousif Capital Management LLC decreased its position in Veritex Holdings, Inc. (NASDAQ:VBTX) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,559 shares of the financial services provider’s stock after selling 530 shares during the quarter. Yousif Capital Management LLC’s holdings in Veritex were worth $558,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VBTX. USA Financial Formulas acquired a new stake in shares of Veritex in the 4th quarter valued at about $32,000. R Squared Ltd acquired a new stake in shares of Veritex in the 4th quarter valued at about $45,000. GAMMA Investing LLC raised its stake in shares of Veritex by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 431 shares during the period. Systematic Financial Management LP acquired a new stake in shares of Veritex in the 3rd quarter valued at about $98,000. Finally, KBC Group NV raised its stake in shares of Veritex by 73.5% in the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 1,621 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.

Wall Street Analyst Weigh In

VBTX has been the topic of a number of recent research reports. Keefe, Bruyette & Woods downgraded Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. StockNews.com raised Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Stephens lowered their target price on Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Raymond James lowered their target price on Veritex from $32.00 to $31.00 and set a “strong-buy” rating on the stock in a research report on Thursday, January 30th. Finally, Piper Sandler lifted their target price on Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Veritex Price Performance

Shares of NASDAQ VBTX opened at $26.58 on Monday. The business’s 50 day moving average price is $27.13 and its two-hundred day moving average price is $26.55. The company has a market cap of $1.45 billion, a PE ratio of 13.63 and a beta of 1.38. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. Veritex Holdings, Inc. has a twelve month low of $18.08 and a twelve month high of $31.62.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Veritex had a return on equity of 7.59% and a net margin of 13.44%. On average, analysts predict that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.01%. Veritex’s dividend payout ratio (DPR) is presently 41.03%.

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.