Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,020 shares of the financial services provider’s stock after buying an additional 1,050 shares during the quarter. Teacher Retirement System of Texas’ holdings in Veritex were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its holdings in shares of Veritex by 9.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 28,800 shares of the financial services provider’s stock worth $782,000 after acquiring an additional 2,437 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Veritex in the fourth quarter valued at $1,080,000. AlphaQuest LLC raised its stake in shares of Veritex by 141,268.2% during the 4th quarter. AlphaQuest LLC now owns 31,101 shares of the financial services provider’s stock worth $845,000 after buying an additional 31,079 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Veritex in the 4th quarter worth about $6,974,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Veritex by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 741,274 shares of the financial services provider’s stock valued at $20,133,000 after acquiring an additional 8,409 shares during the last quarter. 88.31% of the stock is owned by hedge funds and other institutional investors.

Veritex Trading Up 2.0 %

Shares of Veritex stock opened at $24.97 on Tuesday. Veritex Holdings, Inc. has a fifty-two week low of $18.74 and a fifty-two week high of $31.62. The business’s fifty day moving average is $25.75 and its two-hundred day moving average is $26.93. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.36 billion, a PE ratio of 12.81 and a beta of 1.36.

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

Veritex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.20 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.20%. Veritex’s dividend payout ratio is presently 41.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Stephens cut their target price on shares of Veritex from $34.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Hovde Group raised Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 target price on the stock in a research note on Thursday, January 30th. DA Davidson reissued a “buy” rating and set a $34.00 price target on shares of Veritex in a research report on Monday, March 17th. Finally, Raymond James reduced their price objective 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. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

Veritex Company 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.