Point72 Asia Singapore Pte. Ltd. Has $40,000 Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Point72 Asia Singapore Pte. Ltd. decreased its position in Veritex Holdings, Inc. (NASDAQ:VBTX) by 27.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,879 shares of the financial services provider’s stock after selling 703 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Veritex were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in Veritex in the 2nd quarter valued at $25,000. Fidelis Capital Partners LLC acquired a new stake in shares of Veritex during the first quarter worth $29,000. CWM LLC lifted its holdings in shares of Veritex by 1,302.9% during the second quarter. CWM LLC now owns 3,339 shares of the financial services provider’s stock worth $70,000 after buying an additional 3,101 shares in the last quarter. TFO Wealth Partners LLC boosted its position in shares of Veritex by 363,500.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,636 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 3,635 shares during the period. Finally, Point72 DIFC Ltd grew its stake in shares of Veritex by 16.5% in the second quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 816 shares in the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Stock Performance

NASDAQ VBTX opened at $26.32 on Tuesday. Veritex Holdings, Inc. has a 1 year low of $15.93 and a 1 year high of $26.72. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 15.30 and a beta of 1.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The firm’s 50 day simple moving average is $24.17 and its 200 day simple moving average is $21.78.

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

Veritex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Friday, August 9th. Veritex’s payout ratio is 46.51%.

Analysts Set New Price Targets

Several brokerages have weighed in on VBTX. Stephens lifted their price objective 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. Raymond James upgraded Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research note on Tuesday, September 17th. DA Davidson reissued a “buy” rating and set a $29.00 price target on shares of Veritex in a research report on Wednesday, August 28th. Finally, Piper Sandler lifted their price objective on Veritex from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

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.