31,190 Shares in Veritex Holdings, Inc. (NASDAQ:VBTX) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 31,190 shares of the financial services provider’s stock, valued at approximately $847,000.

Several other hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in shares of Veritex by 37.4% during the third quarter. BNP Paribas Financial Markets now owns 56,559 shares of the financial services provider’s stock valued at $1,489,000 after acquiring an additional 15,403 shares in the last quarter. Centiva Capital LP increased its stake in Veritex by 69.1% during the 3rd quarter. Centiva Capital LP now owns 16,589 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 6,781 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Veritex by 11.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 114,196 shares of the financial services provider’s stock worth $3,006,000 after buying an additional 11,337 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Veritex by 4.6% in the third quarter. Stifel Financial Corp now owns 48,582 shares of the financial services provider’s stock worth $1,279,000 after buying an additional 2,115 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Veritex by 13.0% during the third quarter. Wellington Management Group LLP now owns 680,766 shares of the financial services provider’s stock valued at $17,918,000 after buying an additional 78,082 shares during the last quarter. 88.31% of the stock is owned by institutional investors.

Veritex Trading Down 3.4 %

Shares of NASDAQ:VBTX opened at $21.57 on Monday. The stock’s 50-day simple moving average is $25.49 and its two-hundred day simple moving average is $26.88. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 11.06 and a beta of 1.10. Veritex Holdings, Inc. has a 52-week low of $16.41 and a 52-week high of $31.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95.

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 return on equity of 7.59% and a net margin of 13.44%. Analysts expect that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, February 14th. Veritex’s payout ratio is 41.03%.

Analysts Set New Price Targets

Several brokerages have commented on VBTX. Stephens cut their target price on Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Raymond James downgraded Veritex from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $31.00 to $28.00 in a report on Wednesday, April 2nd. Hovde Group upgraded shares of Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 target price on the stock in a research note on Thursday, January 30th. Finally, DA Davidson reiterated a “buy” rating and issued a $34.00 price target on shares of Veritex in a research note on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.90.

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.