Annandale Capital LLC Sells 10,333 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Annandale Capital LLC trimmed its position in Veritex Holdings, Inc. (NASDAQ:VBTX) by 51.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,667 shares of the financial services provider’s stock after selling 10,333 shares during the period. Annandale Capital LLC’s holdings in Veritex were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of VBTX. GAMMA Investing LLC raised its position in Veritex by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 431 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Veritex by 9.8% during the 4th quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider’s stock valued at $146,000 after buying an additional 481 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Veritex by 1.0% during the third quarter. Franklin Resources Inc. now owns 73,421 shares of the financial services provider’s stock worth $1,920,000 after purchasing an additional 701 shares during the period. Teacher Retirement System of Texas grew its position in shares of Veritex by 6.6% in the 4th quarter. Teacher Retirement System of Texas now owns 17,020 shares of the financial services provider’s stock worth $462,000 after buying an additional 1,050 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in Veritex in the fourth quarter valued at $32,000. 88.31% of the stock is owned by hedge funds and other institutional investors.

Veritex Stock Down 3.4 %

VBTX stock opened at $21.57 on Friday. The firm has a 50 day moving average of $25.49 and a 200 day moving average of $26.86. The stock has a market capitalization of $1.17 billion, a PE ratio of 11.06 and a beta of 1.10. Veritex Holdings, Inc. has a 52 week low of $18.74 and a 52 week high of $31.62. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share 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%. Sell-side analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, February 14th. Veritex’s dividend payout ratio is presently 41.03%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VBTX. Raymond James cut shares of Veritex from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $31.00 to $28.00 in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $34.00 price objective on shares of Veritex in a research report on Monday, March 17th. Hovde Group raised shares of Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 target price for the company in a research report on Thursday, January 30th. Finally, Stephens dropped their price objective on shares of Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.90.

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.