Stieven Capital Advisors L.P. Has $14.78 Million Stock Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Stieven Capital Advisors L.P. grew its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 39.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 561,636 shares of the financial services provider’s stock after buying an additional 157,571 shares during the quarter. Veritex accounts for approximately 2.8% of Stieven Capital Advisors L.P.’s holdings, making the stock its 13th biggest holding. Stieven Capital Advisors L.P. owned 1.03% of Veritex worth $14,782,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VBTX. Kennedy Capital Management LLC acquired a new stake in shares of Veritex during the 1st quarter worth about $9,139,000. F M Investments LLC acquired a new stake in shares of Veritex during the 2nd quarter worth about $8,483,000. Assenagon Asset Management S.A. increased its position in shares of Veritex by 67.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 807,294 shares of the financial services provider’s stock worth $21,248,000 after purchasing an additional 325,569 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Veritex by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,445,102 shares of the financial services provider’s stock worth $51,566,000 after purchasing an additional 299,562 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in shares of Veritex by 16.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,668,743 shares of the financial services provider’s stock worth $34,193,000 after purchasing an additional 235,154 shares in the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Stock Down 0.5 %

Shares of NASDAQ VBTX opened at $29.27 on Friday. The firm has a market capitalization of $1.59 billion, a PE ratio of 18.76 and a beta of 1.36. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. Veritex Holdings, Inc. has a 1 year low of $18.08 and a 1 year high of $30.86. The firm’s 50-day moving average is $26.68 and its 200-day moving average is $23.55.

Veritex (NASDAQ:VBTX) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. Veritex had a net margin of 11.11% and a return on equity of 7.79%. The company had revenue of $113.17 million for the quarter, compared to analyst estimates of $110.22 million. During the same quarter last year, the firm earned $0.60 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts expect that Veritex Holdings, Inc. will post 2.17 EPS for the current year.

Veritex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, November 8th. Veritex’s payout ratio is 51.28%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. DA Davidson raised their price objective on shares of Veritex from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods cut shares of Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. Raymond James upgraded shares of Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, September 17th. Finally, Stephens raised their price objective on shares of Veritex from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

Insider Buying and Selling

In other Veritex news, CEO C Malcolm Holland III sold 12,777 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $27.69, for a total transaction of $353,795.13. Following the sale, the chief executive officer now directly owns 224,132 shares in the company, valued at approximately $6,206,215.08. This trade represents a 5.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Sughrue sold 16,820 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $30.25, for a total transaction of $508,805.00. Following the sale, the director now owns 62,643 shares in the company, valued at $1,894,950.75. This trade represents a 21.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.60% of the stock is owned by insiders.

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.