Victory Capital Management Inc. Has $52.07 Million Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Victory Capital Management Inc. lifted its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 0.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,978,219 shares of the financial services provider’s stock after purchasing an additional 9,611 shares during the period. Victory Capital Management Inc.’s holdings in Veritex were worth $52,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Veritex by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,795,336 shares of the financial services provider’s stock valued at $77,766,000 after purchasing an additional 23,222 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Veritex by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,445,102 shares of the financial services provider’s stock valued at $51,566,000 after buying an additional 299,562 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in Veritex by 16.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,668,743 shares of the financial services provider’s stock worth $34,193,000 after buying an additional 235,154 shares during the period. American Century Companies Inc. grew its holdings in Veritex by 11.7% during the 2nd quarter. American Century Companies Inc. now owns 827,202 shares of the financial services provider’s stock worth $17,446,000 after acquiring an additional 86,327 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Veritex by 67.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 807,294 shares of the financial services provider’s stock valued at $21,248,000 after acquiring an additional 325,569 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler lifted their price target on shares of Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. DA Davidson upped their price target on Veritex from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Raymond James upgraded Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, September 17th. Stephens upped their target price on Veritex from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Finally, StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Veritex presently has a consensus rating of “Moderate Buy” and an average target price of $29.40.

Veritex Trading Down 1.6 %

Shares of VBTX stock opened at $29.41 on Friday. Veritex Holdings, Inc. has a fifty-two week low of $18.08 and a fifty-two week high of $30.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day simple moving average of $26.47 and a two-hundred day simple moving average of $23.41. The company has a market cap of $1.60 billion, a P/E ratio of 19.15 and a beta of 1.36.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, beating 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 11.11% and a return on equity of 7.79%. Veritex’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Research analysts forecast that Veritex Holdings, Inc. will post 2.17 earnings per share for the current year.

Veritex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.72%. Veritex’s dividend payout ratio (DPR) is presently 51.28%.

Insider Activity

In other Veritex news, Director John Sughrue sold 16,820 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $30.25, for a total value of $508,805.00. Following the transaction, the director now directly owns 62,643 shares of the company’s stock, valued at approximately $1,894,950.75. This trade represents a 21.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Malcolm Holland III sold 12,777 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $27.69, for a total transaction of $353,795.13. Following the sale, the chief executive officer now directly owns 224,132 shares of the company’s stock, valued at approximately $6,206,215.08. The trade was a 5.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

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.