Dana Investment Advisors Inc. Has $5.59 Million Stock Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Dana Investment Advisors Inc. lifted its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 27.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 264,840 shares of the financial services provider’s stock after purchasing an additional 57,540 shares during the period. Dana Investment Advisors Inc. owned 0.49% of Veritex worth $5,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VBTX. Hsbc Holdings PLC boosted its position in Veritex by 767.5% during the fourth quarter. Hsbc Holdings PLC now owns 277,041 shares of the financial services provider’s stock worth $6,548,000 after purchasing an additional 245,106 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Veritex by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 3,772,114 shares of the financial services provider’s stock worth $87,777,000 after buying an additional 52,933 shares during the period. Westwood Holdings Group Inc. boosted its holdings in shares of Veritex by 16.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,668,743 shares of the financial services provider’s stock worth $34,193,000 after buying an additional 235,154 shares during the period. Wellington Management Group LLP grew its stake in Veritex by 10.1% in the 4th quarter. Wellington Management Group LLP now owns 547,221 shares of the financial services provider’s stock valued at $12,734,000 after buying an additional 50,406 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in Veritex by 1,599.8% in the 1st quarter. Quantbot Technologies LP now owns 39,232 shares of the financial services provider’s stock worth $804,000 after acquiring an additional 36,924 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Trading Down 3.9 %

Shares of VBTX opened at $25.29 on Wednesday. The stock’s 50-day moving average price is $24.19 and its 200 day moving average price is $21.83. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 14.70 and a beta of 1.37. Veritex Holdings, Inc. has a 12-month low of $15.93 and a 12-month high of $26.72.

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

Veritex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.80 annualized dividend and a yield of 3.16%. Veritex’s payout ratio is 46.51%.

Wall Street Analysts Forecast Growth

VBTX has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and set a $29.00 price target on shares of Veritex in a report on Wednesday, August 28th. Stephens increased their target price on Veritex from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Piper Sandler raised their target price on Veritex from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, 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 report on Tuesday, September 17th. Two 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. Based on data from MarketBeat.com, Veritex currently has an average rating of “Moderate Buy” and an average price target of $28.00.

Veritex Company 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.