American Century Companies Inc. Purchases 14,924 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

American Century Companies Inc. increased its position in Veritex Holdings, Inc. (NASDAQ:VBTX) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 789,909 shares of the financial services provider’s stock after acquiring an additional 14,924 shares during the period. American Century Companies Inc. owned about 1.45% of Veritex worth $21,454,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VBTX. USA Financial Formulas bought a new stake in shares of Veritex during the 4th quarter valued at $32,000. R Squared Ltd bought a new stake in Veritex during the fourth quarter valued at about $45,000. GAMMA Investing LLC increased its position in Veritex by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock worth $91,000 after buying an additional 431 shares in the last quarter. Systematic Financial Management LP bought a new position in shares of Veritex in the third quarter worth about $98,000. Finally, KBC Group NV lifted its position in shares of Veritex by 73.5% during the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,621 shares in the last quarter. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Hovde Group raised shares of Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price target on the stock in a report on Thursday, January 30th. Stephens lowered their price objective 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 cut their target price on Veritex from $32.00 to $31.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 30th. Finally, DA Davidson reaffirmed a “buy” rating and set a $34.00 price objective on shares of Veritex in a report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Veritex has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Veritex Price Performance

VBTX opened at $24.48 on Monday. The business has a fifty day moving average of $25.78 and a 200 day moving average of $26.92. The stock has a market cap of $1.33 billion, a P/E ratio of 12.55 and a beta of 1.36. 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 52-week low of $18.74 and a 52-week high of $31.62.

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

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.27%. Veritex’s dividend payout ratio is currently 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.