Salzhauer Michael Has $1.34 Million Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Salzhauer Michael boosted its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 47.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,177 shares of the financial services provider’s stock after acquiring an additional 15,779 shares during the period. Veritex accounts for 0.5% of Salzhauer Michael’s holdings, making the stock its 29th biggest position. Salzhauer Michael’s holdings in Veritex were worth $1,336,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in shares of Veritex in the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new stake in Veritex during the 4th quarter worth approximately $45,000. GAMMA Investing LLC boosted its stake in Veritex by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 431 shares during the period. Systematic Financial Management LP acquired a new position in Veritex in the 3rd quarter valued at $98,000. Finally, KBC Group NV increased its position in 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 buying an additional 1,621 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VBTX shares. Piper Sandler boosted their target price on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Raymond James cut their price objective on shares of Veritex from $32.00 to $31.00 and set a “strong-buy” rating for the company in a report on Thursday, January 30th. Keefe, Bruyette & Woods cut shares of Veritex from an “outperform” rating to a “market perform” rating in a report on Thursday, October 24th. Hovde Group upgraded Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price target for the company in a research note on Thursday, January 30th. Finally, Stephens lowered their price objective on Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Veritex presently has an average rating of “Moderate Buy” and a consensus price target of $31.50.

Veritex Stock Performance

Shares of NASDAQ:VBTX opened at $27.01 on Monday. The company’s 50 day simple moving average is $27.48 and its 200 day simple moving average is $26.48. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.94. Veritex Holdings, Inc. has a 1 year low of $18.08 and a 1 year high of $31.62. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 13.85 and a beta of 1.38.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.54 EPS 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%. As a group, research analysts predict that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.96%. Veritex’s payout ratio is currently 41.03%.

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.