1 week Ago By ABMN Staff
JPMorgan Chase & Co. lifted its position in Veritex Holdings, Inc. ( NASDAQ:VBTX – Free Report ) by 12.
9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 712,727 shares of the financial services provider’s stock after purchasing an additional 81,355 shares during the quarter. JPMorgan Chase & Co.
owned about 1.31% of Veritex worth $19,358,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also recently modified their holdings of VBTX.
GAMMA Investing LLC raised its position in Veritex by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock worth $91,000 after buying an additional 431 shares during the last quarter.
Franklin Resources Inc. raised its holdings in shares of Veritex by 1.0% during the third quarter.
Franklin Resources Inc. now owns 73,421 shares of the financial services provider’s stock worth $1,920,000 after purchasing an additional 701 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Veritex by 6.
6% during the fourth quarter. Teacher Retirement System of Texas now owns 17,020 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 1,050 shares during the last quarter. USA Financial Formulas acquired a new position in Veritex during the fourth quarter valued at $32,000.
Finally, KBC Group NV boosted its holdings in Veritex by 73.5% in the fourth quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 1,621 shares during the last quarter.
Institutional investors and hedge funds own 88.31% of the company’s stock. Veritex Stock Performance NASDAQ:VBTX opened at $21.
04 on Friday. The company has a fifty day moving average of $24.89 and a two-hundred day moving average of $26.
68. 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 capitalization of $1.
15 billion, a PE ratio of 10.79 and a beta of 1.11.
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 Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.
20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.
80%. The ex-dividend date was Friday, February 14th. Veritex’s dividend payout ratio is presently 41.
03%. Analysts Set New Price Targets Several equities analysts have recently issued reports on VBTX shares. Stephens decreased their price objective on Veritex from $34.
00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. DA Davidson restated a “buy” rating and set a $34.
00 price target on shares of Veritex in a research report on Monday, March 17th. Raymond James downgraded shares of Veritex from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $31.00 to $28.
00 in a research report on Wednesday, April 2nd. Finally, 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.
Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.90.
Check Out Our Latest Analysis on Veritex Veritex Company Profile ( Free Report ) 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.
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