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

Shares of Veritex Holdings, Inc. (NASDAQ:VBTX) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $31.50.

VBTX has been the topic of a number of analyst reports. DA Davidson reissued a “buy” rating and set a $34.00 price target on shares of Veritex in a research report on Monday. 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 dropped their price target on Veritex from $32.00 to $31.00 and set a “strong-buy” rating for the company in a research note on Thursday, January 30th. Finally, Stephens reduced their price objective on shares of Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VBTX. Vanguard Group Inc. grew its position in Veritex by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 3,874,917 shares of the financial services provider’s stock worth $105,243,000 after acquiring an additional 39,746 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Veritex by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,803,752 shares of the financial services provider’s stock worth $76,149,000 after purchasing an additional 125,189 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Veritex by 0.5% in the third quarter. Victory Capital Management Inc. now owns 1,978,219 shares of the financial services provider’s stock valued at $52,067,000 after buying an additional 9,611 shares during the period. Geode Capital Management LLC raised its holdings in Veritex by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,293,966 shares of the financial services provider’s stock valued at $34,064,000 after buying an additional 18,185 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Veritex by 57.8% during 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 buying an additional 454,015 shares during the period. Institutional investors own 88.31% of the company’s stock.

Veritex Trading Up 0.1 %

Shares of Veritex stock opened at $24.47 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. The firm has a 50-day moving average of $25.96 and a 200-day moving average of $26.91. Veritex has a 52-week low of $18.41 and a 52-week high of $31.62. The stock has a market cap of $1.33 billion, a PE ratio of 12.55 and a beta of 1.36.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. As a group, sell-side analysts forecast that Veritex will post 2.26 EPS for the current 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 given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Friday, February 14th. Veritex’s dividend payout ratio is presently 41.03%.

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.