Quantbot Technologies LP Invests $599,000 in Veritex Holdings, Inc. (NASDAQ:VBTX)

Quantbot Technologies LP acquired a new stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 22,046 shares of the financial services provider’s stock, valued at approximately $599,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of Veritex by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock valued at $91,000 after buying an additional 431 shares during the period. Franklin Resources Inc. grew its stake in Veritex by 1.0% during the third quarter. Franklin Resources Inc. now owns 73,421 shares of the financial services provider’s stock valued at $1,920,000 after acquiring an additional 701 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Veritex by 6.6% during the 4th quarter. Teacher Retirement System of Texas now owns 17,020 shares of the financial services provider’s stock worth $462,000 after acquiring an additional 1,050 shares during the period. USA Financial Formulas purchased a new stake in Veritex in the 4th quarter worth approximately $32,000. Finally, KBC Group NV boosted its holdings in 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. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Veritex Price Performance

VBTX opened at $24.83 on Friday. The stock has a market capitalization of $1.35 billion, a P/E ratio of 12.73 and a beta of 1.36. 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 Holdings, Inc. has a 12-month low of $18.74 and a 12-month high of $31.62. The stock has a 50-day moving average price of $25.81 and a 200-day moving average price of $26.88.

Veritex (NASDAQ:VBTX) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share (EPS) 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%. Equities analysts predict that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The firm 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. This represents a $0.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Friday, February 14th. Veritex’s payout ratio is presently 41.03%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VBTX. DA Davidson reaffirmed a “buy” rating and issued a $34.00 price target on shares of Veritex in a report on Monday, March 17th. Hovde Group upgraded 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. Raymond James dropped their price target 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, 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 report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

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.