Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 21.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 136,553 shares of the financial services provider’s stock after selling 36,720 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Veritex were worth $2,880,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in VBTX. Meeder Asset Management Inc. purchased a new stake in shares of Veritex during the 2nd quarter valued at about $25,000. Fidelis Capital Partners LLC purchased a new stake in shares of Veritex during the first quarter valued at approximately $29,000. CWM LLC lifted its position 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 purchasing an additional 3,101 shares in the last quarter. Point72 DIFC Ltd boosted 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 purchasing an additional 816 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Veritex during the 1st quarter valued at $177,000. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Wall Street Analyst Weigh In

VBTX has been the topic of a number of recent analyst reports. Piper Sandler boosted their price objective on shares of Veritex from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. DA Davidson reiterated a “buy” rating and issued a $29.00 price target on shares of Veritex in a research note on Wednesday, August 28th. Raymond James upgraded Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, September 17th. Finally, Stephens lifted their price objective on Veritex from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Veritex Stock Performance

Shares of VBTX stock opened at $25.98 on Friday. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 16.24 and a beta of 1.37. Veritex Holdings, Inc. has a one year low of $15.93 and a one year high of $26.72. The company’s 50-day simple moving average is $24.26 and its 200-day simple moving average is $22.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95.

Veritex (NASDAQ:VBTX) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.52 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 for the quarter, compared to the consensus estimate of $108.39 million. During the same period in the prior year, the business earned $0.64 EPS. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Equities analysts anticipate that Veritex Holdings, Inc. will post 2.13 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. Shareholders of record on Friday, August 9th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, August 9th. Veritex’s dividend payout ratio is presently 50.00%.

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.