King Luther Capital Management Corp Decreases Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

King Luther Capital Management Corp decreased its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,176 shares of the financial services provider’s stock after selling 9,596 shares during the period. King Luther Capital Management Corp’s holdings in Veritex were worth $2,368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VBTX. USA Financial Formulas purchased a new position in shares of Veritex during the 4th quarter worth $32,000. R Squared Ltd bought a new position in shares of Veritex in the fourth quarter worth about $45,000. GAMMA Investing LLC boosted its stake in shares of Veritex by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 431 shares during the period. Systematic Financial Management LP bought a new position in shares of Veritex in the third quarter worth about $98,000. Finally, KBC Group NV lifted its position 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 buying an additional 1,621 shares in the last quarter. Institutional investors own 88.31% of the company’s stock.

Veritex Stock Performance

VBTX stock opened at $24.23 on Thursday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 12.43 and a beta of 1.36. The firm has a 50-day simple moving average of $26.09 and a two-hundred day simple moving average of $26.90. Veritex Holdings, Inc. has a one year low of $18.08 and a one year high of $31.62. 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 (NASDAQ:VBTX) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 EPS 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%. On average, equities analysts forecast that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 3.30%. Veritex’s dividend payout ratio (DPR) is presently 41.03%.

Analyst Ratings Changes

VBTX has been the topic of a number of research analyst reports. Hovde Group upgraded Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 target price on the stock in a research report on Thursday, January 30th. Raymond James dropped their target price on 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 decreased their price target on shares of Veritex from $34.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Finally, DA Davidson decreased their price target on shares of Veritex from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.50.

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.