Tieton Capital Management LLC Acquires 61,435 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Tieton Capital Management LLC raised its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 23.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 325,383 shares of the financial services provider’s stock after acquiring an additional 61,435 shares during the quarter. Veritex makes up 3.6% of Tieton Capital Management LLC’s holdings, making the stock its 12th largest holding. Tieton Capital Management LLC’s holdings in Veritex were worth $8,837,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC grew its position in Veritex by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 431 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Veritex by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 73,421 shares of the financial services provider’s stock worth $1,920,000 after buying an additional 701 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Veritex by 6.6% during the 4th quarter. Teacher Retirement System of Texas now owns 17,020 shares of the financial services provider’s stock worth $462,000 after buying an additional 1,050 shares in the last quarter. USA Financial Formulas bought a new position in shares of Veritex during the 4th quarter worth $32,000. Finally, KBC Group NV grew its position in shares of Veritex by 73.5% during the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock worth $104,000 after buying an additional 1,621 shares in the last quarter. Institutional investors own 88.31% of the company’s stock.

Veritex Trading Up 0.2 %

Shares of NASDAQ VBTX opened at $24.52 on Monday. 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 $1.34 billion, a P/E ratio of 12.57 and a beta of 1.36. Veritex Holdings, Inc. has a 1-year low of $18.74 and a 1-year high of $31.62. The business has a fifty day moving average price of $25.89 and a 200 day moving average price of $26.90.

Veritex (NASDAQ:VBTX) last issued 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 return on equity of 7.59% and a net margin of 13.44%. Equities research analysts expect that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.26%. The ex-dividend date was Friday, February 14th. Veritex’s dividend payout ratio is presently 41.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VBTX shares. DA Davidson reissued a “buy” rating and set a $34.00 price target on shares of Veritex in a research report on Monday, March 17th. Hovde Group raised Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price target on the stock in a research report on Thursday, January 30th. Raymond James dropped their price target on Veritex from $32.00 to $31.00 and set a “strong-buy” rating on the stock in a research report on Thursday, January 30th. Finally, Stephens decreased their price objective on Veritex from $34.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

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.