Keeley Teton Advisors LLC Sells 7,627 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Keeley Teton Advisors LLC cut its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 13.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 48,073 shares of the financial services provider’s stock after selling 7,627 shares during the period. Keeley Teton Advisors LLC’s holdings in Veritex were worth $1,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. USA Financial Formulas acquired a new position in shares of Veritex in the 4th quarter valued at $32,000. R Squared Ltd acquired a new stake in shares of Veritex during the fourth quarter worth $45,000. GAMMA Investing LLC increased its holdings in 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 last quarter. KBC Group NV lifted its stake in Veritex by 73.5% in the fourth quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,621 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in Veritex by 9.8% during the fourth quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider’s stock worth $146,000 after buying an additional 481 shares during the last quarter. 88.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Veritex Stock Up 2.1 %

Shares of VBTX stock opened at $21.56 on Wednesday. Veritex Holdings, Inc. has a 12-month low of $18.74 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 firm has a fifty day moving average of $24.52 and a 200-day moving average of $26.58. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 11.06 and a beta of 1.11.

Veritex (NASDAQ:VBTX) last released its earnings results 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%. As a group, equities research analysts predict that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.71%. The ex-dividend date was Friday, February 14th. Veritex’s payout ratio is 41.03%.

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.