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

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

VBTX has been the subject of a number of research reports. Raymond James lowered their target price on Veritex from $32.00 to $31.00 and set a “strong-buy” rating for the company in a report on Thursday, January 30th. Stephens dropped their target price on Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. DA Davidson reaffirmed a “buy” rating and set a $34.00 price target on shares of Veritex in a research report on Monday. Finally, Hovde Group raised shares of 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.

Veritex Trading Up 0.1 %

NASDAQ:VBTX opened at $24.47 on Tuesday. The business’s 50-day simple moving average is $25.96 and its 200-day simple moving average is $26.91. Veritex has a fifty-two week low of $18.41 and a fifty-two week high of $31.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.94. The stock has a market capitalization of $1.33 billion, a PE ratio of 12.55 and a beta of 1.36.

Veritex (NASDAQ:VBTX) last released its quarterly earnings results 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%. Sell-side analysts expect that Veritex will post 2.26 earnings per share for the current fiscal year.

Veritex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Friday, February 14th. Veritex’s dividend payout ratio is currently 41.03%.

Hedge Funds Weigh In On Veritex

Hedge funds and other institutional investors have recently made changes to their positions in the company. USA Financial Formulas acquired a new position in shares of Veritex during the 4th quarter worth approximately $32,000. Quarry LP increased its holdings in shares of Veritex by 117.0% in the fourth quarter. Quarry LP now owns 1,528 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 824 shares during the last quarter. R Squared Ltd acquired a new position in shares of Veritex in the fourth quarter valued at $45,000. GAMMA Investing LLC raised its position in shares of Veritex by 14.7% in the fourth 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. Finally, Systematic Financial Management LP acquired a new position in Veritex in the 3rd quarter valued at about $98,000. 88.31% of the stock is owned by institutional investors.

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.