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

Victory Capital Management Inc. lifted its stake in Veritex Holdings, Inc. (NASDAQ:VBTX) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,978,219 shares of the financial services provider’s stock after acquiring an additional 9,611 shares during the quarter. Victory Capital Management Inc. owned approximately 3.64% of Veritex worth $52,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Westwood Holdings Group Inc. raised its stake in shares of 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 purchasing an additional 235,154 shares in the last quarter. Vanguard Group Inc. raised its position in Veritex by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,795,336 shares of the financial services provider’s stock worth $77,766,000 after acquiring an additional 23,222 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in Veritex in the second quarter valued at $566,000. Renaissance Technologies LLC bought a new position in shares of Veritex in the 2nd quarter valued at about $730,000. Finally, AQR Capital Management LLC increased its stake in shares of Veritex by 66.5% during the 2nd quarter. AQR Capital Management LLC now owns 424,106 shares of the financial services provider’s stock worth $8,944,000 after purchasing an additional 169,448 shares during the last quarter. Institutional investors own 88.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director John Sughrue sold 16,820 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $30.25, for a total transaction of $508,805.00. Following the completion of the sale, the director now owns 62,643 shares of the company’s stock, valued at approximately $1,894,950.75. This represents a 21.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO C Malcolm Holland III sold 12,777 shares of Veritex stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $27.69, for a total transaction of $353,795.13. Following the completion of the transaction, the chief executive officer now directly owns 224,132 shares in the company, valued at $6,206,215.08. This trade represents 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 Stock Down 1.6 %

VBTX opened at $29.41 on Friday. The stock has a fifty day moving average of $26.47 and a 200-day moving average of $23.41. The company has a market capitalization of $1.60 billion, a P/E ratio of 19.15 and a beta of 1.36. 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.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. Veritex had a net margin of 11.11% and a return on equity of 7.79%. The business had revenue of $113.17 million during the quarter, compared to analysts’ expectations of $110.22 million. During the same quarter in the previous year, the company earned $0.60 EPS. The business’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that Veritex Holdings, Inc. will post 2.17 EPS for the current year.

Veritex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, November 8th. Veritex’s dividend payout ratio (DPR) is currently 51.28%.

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.