Hussman Strategic Advisors Inc. Purchases New Stake in Veritex Holdings, Inc. (NASDAQ:VBTX)

Hussman Strategic Advisors Inc. purchased a new stake in Veritex Holdings, Inc. (NASDAQ:VBTX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,000 shares of the financial services provider’s stock, valued at approximately $570,000.

Several other hedge funds have also recently bought and sold shares of the business. USA Financial Formulas acquired a new stake in Veritex in the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new stake in shares of Veritex during the fourth quarter worth approximately $45,000. GAMMA Investing LLC grew its position in shares of 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 in the last quarter. Systematic Financial Management LP acquired a new stake in shares of Veritex during the third quarter worth approximately $98,000. Finally, KBC Group NV grew its position in shares of Veritex by 73.5% during the fourth quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock worth $104,000 after buying an additional 1,621 shares in the last quarter. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Analyst Upgrades and Downgrades

VBTX has been the subject of a number of recent analyst reports. DA Davidson decreased their price target on shares of Veritex from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Keefe, Bruyette & Woods downgraded shares of Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. Piper Sandler raised their price target on shares of Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Stephens reduced their price objective on Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Finally, Raymond James reduced their price objective on Veritex from $32.00 to $31.00 and set a “strong-buy” rating on the stock in a research note on Thursday, January 30th. Three 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.50.

Veritex Stock Performance

VBTX stock opened at $26.14 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 13.41 and a beta of 1.38. Veritex Holdings, Inc. has a 1 year low of $18.08 and a 1 year high of $31.62. The stock’s fifty day moving average is $26.93 and its two-hundred day moving average is $26.61.

Veritex (NASDAQ:VBTX) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. On average, research analysts predict that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, February 14th. Veritex’s dividend payout ratio is currently 41.03%.

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.