Peregrine Capital Management LLC Has $5.90 Million Stake in Veritex Holdings, Inc. (NASDAQ:VBTX)

Peregrine Capital Management LLC increased its position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,336 shares of the financial services provider’s stock after purchasing an additional 29,803 shares during the period. Peregrine Capital Management LLC’s holdings in Veritex were worth $5,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Veritex by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,293,966 shares of the financial services provider’s stock worth $34,064,000 after buying an additional 18,185 shares in the last quarter. Barclays PLC increased its position in Veritex by 63.8% during the third quarter. Barclays PLC now owns 117,609 shares of the financial services provider’s stock worth $3,095,000 after acquiring an additional 45,787 shares during the period. GAMMA Investing LLC raised its stake in Veritex by 14.7% in the 4th 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in Veritex by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider’s stock valued at $16,618,000 after purchasing an additional 122,809 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Veritex by 4.6% during the 3rd quarter. Stifel Financial Corp now owns 48,582 shares of the financial services provider’s stock worth $1,279,000 after purchasing an additional 2,115 shares in the last quarter. 88.31% of the stock is currently owned by institutional investors.

Veritex Stock Performance

Veritex stock opened at $26.44 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.44 billion, a PE ratio of 13.56 and a beta of 1.38. Veritex Holdings, Inc. has a 12-month low of $18.08 and a 12-month high of $31.62. The business’s 50-day moving average price is $27.07 and its two-hundred day moving average price is $26.58.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Veritex had a return on equity of 7.59% and a net margin of 13.44%. As a group, analysts expect that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, February 14th. Veritex’s dividend payout ratio (DPR) is 41.03%.

Wall Street Analyst Weigh In

VBTX has been the subject of a number of analyst reports. StockNews.com upgraded shares of Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Stephens cut their target price on 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 upgraded 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. DA Davidson reduced their price objective on shares of Veritex from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Raymond James dropped their target price 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. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Veritex currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

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.