GAMMA Investing LLC Makes New Investment in Veritex Holdings, Inc. (NASDAQ:VBTX)

GAMMA Investing LLC bought a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX) during the fourth quarter, HoldingsChannel reports. The firm bought 2,599 shares of the financial services provider’s stock, valued at approximately $60,000.

Other large investors have also modified their holdings of the company. Ziegler Capital Management LLC acquired a new stake in Veritex during the fourth quarter valued at approximately $3,443,000. Assenagon Asset Management S.A. acquired a new position in shares of Veritex in the 3rd quarter valued at about $1,012,000. Victory Capital Management Inc. raised its stake in Veritex by 33.1% during the third quarter. Victory Capital Management Inc. now owns 1,722,331 shares of the financial services provider’s stock worth $30,916,000 after acquiring an additional 427,922 shares during the period. AQR Capital Management LLC lifted its holdings in Veritex by 334.0% in the third quarter. AQR Capital Management LLC now owns 242,809 shares of the financial services provider’s stock worth $4,358,000 after acquiring an additional 186,857 shares during the last quarter. Finally, Vest Financial LLC acquired a new position in Veritex in the fourth quarter valued at approximately $240,000. Institutional investors own 88.31% of the company’s stock.

Veritex Stock Up 2.7 %

Shares of Veritex stock opened at $20.00 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.96 and a quick ratio of 0.95. Veritex Holdings, Inc. has a 1-year low of $14.88 and a 1-year high of $24.46. The business’s fifty day moving average price is $19.82 and its two-hundred day moving average price is $20.33. The company has a market capitalization of $1.09 billion, a P/E ratio of 11.63 and a beta of 1.33.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). The company had revenue of $191.25 million for the quarter, compared to the consensus estimate of $109.70 million. Veritex had a net margin of 12.47% and a return on equity of 8.46%. During the same quarter in the prior year, the firm earned $0.79 earnings per share. As a group, research analysts forecast that Veritex Holdings, Inc. will post 2.19 EPS for the current year.

Veritex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, May 9th. Veritex’s dividend payout ratio (DPR) is presently 46.51%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VBTX. Stephens reiterated an “equal weight” rating and set a $24.00 price target on shares of Veritex in a research report on Wednesday, April 24th. StockNews.com upgraded Veritex from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. Piper Sandler upped their price target on shares of Veritex from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Veritex from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Veritex has a consensus rating of “Hold” and a consensus target price of $24.38.

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.