Aristotle Capital Boston LLC Decreases Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Aristotle Capital Boston LLC trimmed its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 10.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 742,907 shares of the financial services provider’s stock after selling 85,525 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Veritex were worth $20,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. USA Financial Formulas purchased a new position in shares of Veritex during the 4th quarter valued at $32,000. Quarry LP raised its stake in Veritex by 117.0% in the 4th quarter. Quarry LP now owns 1,528 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 824 shares during the period. R Squared Ltd purchased a new stake in Veritex during the fourth quarter valued at about $45,000. GAMMA Investing LLC boosted its position in Veritex by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 431 shares during the period. Finally, KBC Group NV increased its stake in shares of Veritex by 73.5% in the fourth quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,621 shares in the last quarter. 88.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

VBTX has been the topic of a number of recent research reports. Stephens restated an “equal weight” rating and set a $30.00 price target on shares of Veritex in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their target price on Veritex from $33.00 to $30.00 and set a “market perform” rating on the stock in a research report on Thursday, April 24th. Raymond James cut Veritex from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Hovde Group raised Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price objective on the stock in a report on Thursday, January 30th. Finally, DA Davidson cut their target price on Veritex from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.25.

Veritex Trading Up 2.3 %

Veritex stock opened at $24.00 on Friday. 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 Holdings, Inc. has a fifty-two week low of $18.74 and a fifty-two week high of $31.62. The stock has a market cap of $1.30 billion, a P/E ratio of 12.31 and a beta of 1.01. The firm’s fifty day moving average price is $23.56 and its 200-day moving average price is $26.33.

Veritex (NASDAQ:VBTX) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $109.73 million for the quarter, compared to analyst estimates of $110.73 million. Veritex had a return on equity of 7.59% and a net margin of 13.44%. During the same period in the prior year, the company earned $0.53 EPS. Equities research analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.22 dividend. This is an increase from Veritex’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Thursday, May 8th. Veritex’s dividend payout ratio (DPR) is currently 43.14%.

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.