Vontobel Holding Ltd. Makes New $240,000 Investment in Veritex Holdings, Inc. (NASDAQ:VBTX)

Vontobel Holding Ltd. acquired a new stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 9,137 shares of the financial services provider’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VBTX. Wellington Management Group LLP raised its holdings in Veritex by 10.1% in the fourth quarter. Wellington Management Group LLP now owns 547,221 shares of the financial services provider’s stock valued at $12,734,000 after buying an additional 50,406 shares during the period. Vanguard Group Inc. raised its stake in shares of Veritex by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 3,772,114 shares of the financial services provider’s stock valued at $87,777,000 after acquiring an additional 52,933 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Veritex by 11.7% during the 1st quarter. Principal Financial Group Inc. now owns 316,050 shares of the financial services provider’s stock valued at $6,476,000 after acquiring an additional 33,166 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Veritex by 38.7% during the 1st quarter. BNP Paribas Financial Markets now owns 53,362 shares of the financial services provider’s stock worth $1,093,000 after purchasing an additional 14,884 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new stake in Veritex in the 1st quarter valued at $332,000. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Veritex Stock Performance

Shares of VBTX opened at $27.88 on Thursday. Veritex Holdings, Inc. has a 52-week low of $15.93 and a 52-week high of $28.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 17.43 and a beta of 1.37. The business’s 50 day moving average is $25.18 and its two-hundred day moving average is $22.54.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. The company had revenue of $113.17 million during the quarter, compared to analyst estimates of $110.22 million. Veritex had a net margin of 11.52% and a return on equity of 7.97%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. Analysts forecast that Veritex Holdings, Inc. will post 2.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on VBTX shares. Raymond James upgraded Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, September 17th. StockNews.com lowered Veritex from a “hold” rating to a “sell” rating in a research report on Tuesday. Stephens increased 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. DA Davidson reissued a “buy” rating and set a $29.00 target price on shares of Veritex in a research report on Wednesday, August 28th. Finally, Piper Sandler raised their price target on shares of Veritex from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

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.