BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires Shares of 21,800 Veritex Holdings, Inc. (NASDAQ:VBTX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,800 shares of the financial services provider’s stock, valued at approximately $460,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in Veritex by 968.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 566,284 shares of the financial services provider’s stock valued at $11,603,000 after buying an additional 513,284 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in shares of Veritex during the first quarter valued at approximately $9,139,000. F M Investments LLC purchased a new stake in shares of Veritex in the second quarter valued at approximately $8,483,000. Dimensional Fund Advisors LP grew its stake in Veritex by 19.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,853,774 shares of the financial services provider’s stock worth $43,139,000 after purchasing an additional 305,980 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Veritex by 23.2% during the 4th quarter. First Trust Advisors LP now owns 1,303,041 shares of the financial services provider’s stock worth $30,322,000 after purchasing an additional 245,133 shares during the period. 88.31% of the stock is currently owned by institutional investors.

Veritex Price Performance

VBTX opened at $24.64 on Wednesday. The firm has a market capitalization of $1.34 billion, a PE ratio of 14.33 and a beta of 1.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50-day moving average is $22.91 and its two-hundred day moving average is $21.08. Veritex Holdings, Inc. has a 1 year low of $15.93 and a 1 year high of $25.84.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Veritex had a return on equity of 7.97% and a net margin of 11.52%. The firm had revenue of $106.81 million during the quarter, compared to analysts’ expectations of $108.39 million. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. Research analysts anticipate that Veritex Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.

Veritex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, August 9th. This represents a $0.80 annualized dividend and a dividend yield of 3.25%. Veritex’s dividend payout ratio is presently 46.51%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VBTX. Stephens upped their target price on Veritex from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Piper Sandler increased their target price on shares of Veritex from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, DA Davidson reiterated a “buy” rating and set a $29.00 price objective on shares of Veritex in a research note on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.50.

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.