King Luther Capital Management Corp Has $2.37 Million Stock Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

King Luther Capital Management Corp lowered its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 9.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 87,176 shares of the financial services provider’s stock after selling 9,596 shares during the period. King Luther Capital Management Corp owned about 0.16% of Veritex worth $2,368,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VBTX. USA Financial Formulas acquired a new position in Veritex during the 4th quarter worth about $32,000. R Squared Ltd acquired a new position in Veritex during the fourth quarter worth $45,000. GAMMA Investing LLC raised its holdings in Veritex by 14.7% during the fourth 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. Systematic Financial Management LP acquired a new position in Veritex during the third quarter worth $98,000. Finally, KBC Group NV grew its stake in shares of Veritex by 73.5% in the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 1,621 shares in the last quarter. Institutional investors own 88.31% of the company’s stock.

Veritex Stock Performance

Shares of NASDAQ:VBTX opened at $24.23 on Thursday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 12.43 and a beta of 1.36. The company has a 50-day moving average price of $26.09 and a 200-day moving average price of $26.90. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. Veritex Holdings, Inc. has a 12 month low of $18.08 and a 12 month high of $31.62.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share (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%. As a group, equities analysts anticipate that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VBTX. DA Davidson reduced their target price 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. Raymond James reduced their target price on Veritex from $32.00 to $31.00 and set a “strong-buy” rating for the company in a report on Thursday, January 30th. Stephens dropped their price target 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. Finally, Hovde Group upgraded Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price target for the company in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.