Dimensional Fund Advisors LP Buys 268,051 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Posted by Defense World Staff on May 30th, 2023

Dimensional Fund Advisors LP raised its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX – Get Rating) by 19.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,644,877 shares of the financial services provider’s stock after purchasing an additional 268,051 shares during the period. Dimensional Fund Advisors LP owned 3.05% of Veritex worth $46,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in VBTX. Lazard Asset Management LLC bought a new position in shares of Veritex in the 1st quarter valued at about $33,000. Point72 Hong Kong Ltd bought a new position in shares of Veritex in the 1st quarter valued at about $41,000. CWM LLC lifted its holdings in shares of Veritex by 65.7% in the 4th quarter. CWM LLC now owns 1,077 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 427 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of Veritex in the 3rd quarter valued at about $60,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of Veritex in the 4th quarter valued at about $90,000. Institutional investors own 85.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a report on Sunday, May 14th. TheStreet downgraded shares of Veritex from a “b-” rating to a “c+” rating in a report on Monday, May 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Insider Transactions at Veritex

In related news, Director Fallon William bought 2,000 shares of Veritex stock in a transaction dated Wednesday, May 10th. The shares were acquired at an average cost of $15.68 per share, with a total value of $31,360.00. Following the completion of the transaction, the director now owns 15,713 shares in the company, valued at approximately $246,379.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Gregory B. Morrison bought 1,420 shares of Veritex stock in a transaction dated Friday, April 28th. The shares were acquired at an average cost of $17.71 per share, with a total value of $25,148.20. Following the completion of the transaction, the director now owns 25,302 shares in the company, valued at approximately $448,098.42. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Fallon William bought 2,000 shares of Veritex stock in a transaction dated Wednesday, May 10th. The shares were bought at an average cost of $15.68 per share, for a total transaction of $31,360.00. Following the completion of the transaction, the director now owns 15,713 shares of the company’s stock, valued at approximately $246,379.84. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 14,520 shares of company stock valued at $251,636. 3.38% of the stock is currently owned by company insiders.

Veritex Stock Performance

Veritex stock opened at $17.33 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.13 and a quick ratio of 1.13. Veritex Holdings, Inc. has a 1-year low of $14.88 and a 1-year high of $35.22. The firm has a market capitalization of $940.15 million, a P/E ratio of 6.28 and a beta of 1.43. The company’s 50-day moving average is $17.43 and its 200 day moving average is $24.32.

Veritex (NASDAQ:VBTX – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Veritex had a net margin of 25.64% and a return on equity of 10.87%. The company had revenue of $116.92 million for the quarter, compared to analyst estimates of $117.65 million. Research analysts forecast that Veritex Holdings, Inc. will post 2.97 EPS for the current year.

Veritex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Wednesday, May 10th. Veritex’s dividend payout ratio (DPR) is presently 28.99%.

Veritex Profile

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Veritex Holdings, Inc engages in the provision of commercial banking products and services to small to medium-sized businesses and professionals. It offers personal and business banking products, mortgages, and treasury services. The company was founded by Charles Malcolm Holland III in June 2009 and is headquartered in Dallas, TX.