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

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

A number of analysts have recently issued reports on the stock. Raymond James reduced their price target on shares of Veritex from $32.00 to $31.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 30th. Stephens cut their target price on shares of Veritex from $34.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Hovde Group raised shares of Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 target price for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods downgraded shares of Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th.

Institutional Investors Weigh In On Veritex

A number of large investors have recently bought and sold shares of VBTX. CWM LLC lifted its position in shares of Veritex by 163.8% in the third quarter. CWM LLC now owns 8,808 shares of the financial services provider’s stock worth $232,000 after buying an additional 5,469 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in Veritex in the 3rd quarter worth approximately $240,000. Raymond James & Associates acquired a new stake in Veritex in the 3rd quarter worth approximately $3,971,000. Assenagon Asset Management S.A. boosted its position in Veritex by 67.6% during the third quarter. Assenagon Asset Management S.A. now owns 807,294 shares of the financial services provider’s stock worth $21,248,000 after purchasing an additional 325,569 shares during the period. Finally, Sippican Capital Advisors grew its holdings in Veritex by 0.4% during the third quarter. Sippican Capital Advisors now owns 99,230 shares of the financial services provider’s stock valued at $2,612,000 after purchasing an additional 400 shares during the last quarter. 88.31% of the stock is currently owned by institutional investors.

Veritex Price Performance

Shares of NASDAQ:VBTX opened at $26.44 on Friday. The company’s fifty day moving average is $27.07 and its two-hundred day moving average is $26.58. The company has a market cap of $1.44 billion, a P/E ratio of 13.56 and a beta of 1.38. Veritex has a 12-month low of $18.08 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.

Veritex (NASDAQ:VBTX) last posted 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%. Equities analysts expect that Veritex will post 2.26 earnings per share for the current fiscal year.

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.03%. Veritex’s dividend payout ratio is currently 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.