Commonwealth Equity Services LLC Has $782,000 Stake in Veritex Holdings, Inc. (NASDAQ:VBTX)

Commonwealth Equity Services LLC increased its position in Veritex Holdings, Inc. (NASDAQ:VBTX) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,800 shares of the financial services provider’s stock after purchasing an additional 2,437 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.05% of Veritex worth $782,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VBTX. Geode Capital Management LLC lifted its stake in Veritex by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,293,966 shares of the financial services provider’s stock worth $34,064,000 after purchasing an additional 18,185 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 worth $20,133,000 after buying an additional 8,409 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Veritex by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 680,766 shares of the financial services provider’s stock worth $17,918,000 after buying an additional 78,082 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Veritex by 24.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider’s stock worth $16,618,000 after buying an additional 122,809 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Veritex by 11.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 512,460 shares of the financial services provider’s stock valued at $13,488,000 after acquiring an additional 54,040 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Price Performance

Shares of NASDAQ VBTX opened at $24.80 on Thursday. The company has a fifty day moving average price of $25.67 and a 200 day moving average price of $26.91. Veritex Holdings, Inc. has a 1-year low of $18.74 and a 1-year high of $31.62. The firm has a market cap of $1.35 billion, a PE ratio of 12.72 and a beta of 1.10. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14.

Veritex (NASDAQ:VBTX) last released its quarterly 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 return on equity of 7.59% and a net margin of 13.44%. Research analysts predict that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.23%. Veritex’s dividend payout ratio is presently 41.03%.

Analyst Ratings Changes

Several brokerages have weighed in on VBTX. Stephens decreased their price objective on shares of Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. DA Davidson restated a “buy” rating and set a $34.00 price target on shares of Veritex in a research report on Monday, March 17th. Hovde Group upgraded Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price objective for the company in a research report on Thursday, January 30th. Finally, Raymond James lowered Veritex from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $31.00 to $28.00 in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Veritex currently has an average rating of “Moderate Buy” and a consensus price target of $30.90.

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.