Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 10.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 606,949 shares of the financial services provider’s stock after selling 73,817 shares during the period. Wellington Management Group LLP’s holdings in Veritex were worth $16,485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VBTX. Quarry LP grew its holdings in Veritex by 117.0% during the fourth quarter. Quarry LP now owns 1,528 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 824 shares during the period. R Squared Ltd acquired a new position in shares of Veritex during the 4th quarter worth $45,000. KBC Group NV grew its stake in shares of Veritex by 73.5% during the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,621 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Veritex during the 4th quarter worth $143,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Veritex by 9.8% during the 4th quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 481 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VBTX. Stephens restated an “equal weight” rating and set a $30.00 target price on shares of Veritex in a research report on Wednesday, April 23rd. DA Davidson lowered their target price on shares of Veritex from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods lowered their price target on Veritex from $33.00 to $30.00 and set a “market perform” rating on the stock in a report on Thursday, April 24th. Finally, Raymond James cut Veritex from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $31.00 to $28.00 in a report on Wednesday, April 2nd. Three equities 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.25.

Veritex Price Performance

VBTX stock opened at $24.32 on Monday. Veritex Holdings, Inc. has a 52-week low of $19.27 and a 52-week high of $31.62. The stock’s fifty day simple moving average is $23.39 and its 200-day simple moving average is $25.78. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 12.47 and a beta of 1.01.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Veritex had a return on equity of 7.59% and a net margin of 13.44%. The business had revenue of $109.73 million for the quarter, compared to analysts’ expectations of $110.73 million. During the same quarter last year, the firm earned $0.53 earnings per share. Equities research analysts expect that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 8th. This is a positive change from Veritex’s previous quarterly dividend of $0.20. Veritex’s dividend payout ratio (DPR) is 43.14%.

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.