Hussman Strategic Advisors Inc. Makes New $570,000 Investment in Veritex Holdings, Inc. (NASDAQ:VBTX)

Hussman Strategic Advisors Inc. acquired a new position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 21,000 shares of the financial services provider’s stock, valued at approximately $570,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in Veritex during the 4th quarter worth about $32,000. R Squared Ltd acquired a new stake in Veritex during the 4th quarter worth about $45,000. GAMMA Investing LLC raised its holdings in Veritex by 14.7% during the 4th 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 during the period. Systematic Financial Management LP acquired a new position in shares of Veritex in the 3rd quarter valued at about $98,000. Finally, KBC Group NV increased its holdings in shares of 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 purchasing an additional 1,621 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Stock Down 0.5 %

Shares of Veritex stock opened at $26.14 on Friday. Veritex Holdings, Inc. has a 12-month low of $18.08 and a 12-month high of $31.62. 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 $1.42 billion, a P/E ratio of 13.41 and a beta of 1.38. The stock has a 50 day moving average price of $26.93 and a two-hundred day moving average price of $26.61.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share 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%. Equities analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.06%. Veritex’s dividend payout ratio is 41.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VBTX shares. Raymond James lowered 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. StockNews.com raised Veritex from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods cut Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th. Piper Sandler boosted their price target on Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Stephens decreased their target price on Veritex from $34.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.50.

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.