Veritex Holdings, Inc. (NASDAQ:VBTX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $30.90.

A number of equities analysts have issued reports on VBTX shares. Stephens decreased their price target on Veritex from $34.00 to $31.00 and set an “equal weight” rating for the company in a research note 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 report on Thursday, January 30th. Raymond James downgraded shares of Veritex from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $31.00 to $28.00 in a report on Wednesday, April 2nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Veritex in a research note on Monday, March 17th.

Veritex Stock Performance

VBTX stock opened at $20.77 on Friday. The company has a 50-day simple moving average of $24.77 and a 200 day simple moving average of $26.64. The company has a market capitalization of $1.13 billion, a P/E ratio of 10.65 and a beta of 1.11. 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 has a fifty-two week low of $18.74 and a fifty-two week high of $31.62.

Veritex (NASDAQ:VBTX) last issued 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%. Sell-side analysts predict that Veritex will post 2.26 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.20 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.85%. Veritex’s dividend payout ratio is currently 41.03%.

Institutional Trading of Veritex

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Veritex by 2,502.5% during the first quarter. GAMMA Investing LLC now owns 87,445 shares of the financial services provider’s stock valued at $2,184,000 after acquiring an additional 84,085 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Veritex during the 4th quarter valued at $6,975,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Veritex by 20.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,844 shares of the financial services provider’s stock valued at $2,983,000 after purchasing an additional 18,954 shares in the last quarter. Voloridge Investment Management LLC boosted its position in shares of Veritex by 5.1% in the fourth quarter. Voloridge Investment Management LLC now owns 153,028 shares of the financial services provider’s stock worth $4,156,000 after buying an additional 7,444 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in shares of Veritex during the fourth quarter valued at $432,000. 88.31% of the stock is owned by hedge funds and other institutional investors.

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.