Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Bought by Salzhauer Michael

Salzhauer Michael grew its stake in Veritex Holdings, Inc. (NASDAQ:VBTX) by 20.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,361 shares of the financial services provider’s stock after purchasing an additional 10,184 shares during the period. Veritex comprises approximately 0.6% of Salzhauer Michael’s investment portfolio, making the stock its 29th largest holding. Salzhauer Michael owned 0.11% of Veritex worth $1,482,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC raised its position in shares of Veritex by 220.5% in the fourth quarter. Millennium Management LLC now owns 966,391 shares of the financial services provider’s stock valued at $26,247,000 after buying an additional 664,885 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Veritex in the 4th quarter valued at about $14,644,000. Nuveen Asset Management LLC lifted its stake in Veritex by 57.8% in the 4th quarter. Nuveen Asset Management LLC now owns 1,239,873 shares of the financial services provider’s stock worth $33,675,000 after purchasing an additional 454,015 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of Veritex during the 4th quarter worth approximately $11,172,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Veritex in the fourth quarter valued at approximately $6,975,000. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VBTX. DA Davidson lowered their price objective on Veritex from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their price objective on shares of Veritex from $33.00 to $30.00 and set a “market perform” rating for the company in a report on Thursday, April 24th. Stephens reaffirmed an “equal weight” rating and set a $30.00 target price on shares of Veritex in a research note on Wednesday, April 23rd. Finally, Raymond James Financial cut shares of Veritex from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.25.

Veritex Trading Down 0.5%

Shares of VBTX stock opened at $25.37 on Thursday. Veritex Holdings, Inc. has a 1-year low of $19.79 and a 1-year high of $31.62. The firm has a market cap of $1.38 billion, a PE ratio of 12.44 and a beta of 1.02. The company has a 50-day moving average of $24.10 and a two-hundred day moving average of $25.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.94 and a quick ratio of 0.94.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Veritex had a net margin of 14.12% and a return on equity of 7.51%. The firm had revenue of $109.73 million during the quarter, compared to analysts’ expectations of $110.73 million. During the same quarter last year, the company posted $0.53 EPS. On average, analysts predict that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Thursday, May 8th. This is an increase from Veritex’s previous quarterly dividend of $0.20. Veritex’s payout ratio is currently 43.14%.

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.