1492 Capital Management LLC Sells 1,514 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

1492 Capital Management LLC lowered its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,423 shares of the financial services provider’s stock after selling 1,514 shares during the quarter. Veritex comprises approximately 2.5% of 1492 Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. 1492 Capital Management LLC owned about 0.35% of Veritex worth $5,199,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. USA Financial Formulas acquired a new stake in shares of Veritex during the 4th quarter worth $32,000. R Squared Ltd bought a new stake in Veritex during the fourth quarter worth about $45,000. GAMMA Investing LLC grew its stake in Veritex by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock worth $91,000 after buying an additional 431 shares in the last quarter. KBC Group NV increased 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 buying an additional 1,621 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of Veritex by 9.8% in the 4th quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider’s stock valued at $146,000 after buying an additional 481 shares in the last quarter. 88.31% of the stock is owned by institutional investors and hedge funds.

Veritex Stock Up 1.4 %

Shares of NASDAQ:VBTX opened at $21.79 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. Veritex Holdings, Inc. has a 52-week low of $18.74 and a 52-week high of $31.62. The company has a market capitalization of $1.19 billion, a PE ratio of 11.17 and a beta of 1.11. The company has a fifty day moving average of $24.31 and a 200-day moving average of $26.51.

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

Veritex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Friday, February 14th. Veritex’s payout ratio is 41.03%.

Analyst Ratings Changes

Several analysts recently issued reports on VBTX shares. Raymond James lowered shares of Veritex from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Stephens reduced their target price on Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Hovde Group raised Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price target for the company in a report on Thursday, January 30th. 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. 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 MarketBeat, Veritex presently has an average rating of “Moderate Buy” and a consensus target price of $30.90.

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.