Jump Financial LLC Lowers Stock Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Jump Financial LLC lessened its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 34.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,900 shares of the financial services provider’s stock after selling 16,410 shares during the quarter. Jump Financial LLC’s holdings in Veritex were worth $866,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VBTX. USA Financial Formulas acquired a new position in Veritex in the fourth quarter valued at $32,000. R Squared Ltd purchased a new stake in Veritex in the 4th quarter valued at about $45,000. GAMMA Investing LLC increased its stake in shares of Veritex by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 431 shares during the last quarter. KBC Group NV lifted its holdings in shares of Veritex by 73.5% during the 4th quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 1,621 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in shares of Veritex by 9.8% in the fourth quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 481 shares during the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Trading Down 1.2 %

Shares of VBTX opened at $21.53 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.94. Veritex Holdings, Inc. has a 12 month low of $18.74 and a 12 month high of $31.62. The stock has a market cap of $1.17 billion, a PE ratio of 11.04 and a beta of 1.11. The stock’s 50-day moving average is $24.10 and its two-hundred day moving average is $26.49.

Veritex (NASDAQ:VBTX) last released its quarterly earnings results 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 return on equity of 7.59% and a net margin of 13.44%. Equities analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Friday, February 14th. Veritex’s payout ratio is 41.03%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VBTX. Hovde Group raised shares of Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price target for the company in a research report on Thursday, January 30th. DA Davidson reaffirmed a “buy” rating and issued a $34.00 target price on shares of Veritex in a research report on Monday, March 17th. Raymond James downgraded 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, April 2nd. Finally, Stephens cut their price objective on Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.