Dana Investment Advisors Inc. Has $6.09 Million Stock Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

Dana Investment Advisors Inc. lessened its stake in Veritex Holdings, Inc. (NASDAQ:VBTX) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,114 shares of the financial services provider’s stock after selling 12,898 shares during the quarter. Dana Investment Advisors Inc. owned about 0.41% of Veritex worth $6,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. USA Financial Formulas bought a new stake in shares of Veritex during the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new stake in shares of Veritex in the 4th quarter valued at $45,000. GAMMA Investing LLC raised 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 acquiring an additional 431 shares during the last quarter. Systematic Financial Management LP acquired a new position in shares of Veritex during the third quarter valued at $98,000. Finally, KBC Group NV boosted its holdings in Veritex by 73.5% in the fourth quarter. KBC Group NV now owns 3,826 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 1,621 shares during the last quarter. 88.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VBTX has been the subject of a number of recent research reports. DA Davidson dropped their price target on shares of Veritex from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Raymond James cut their price target 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. Hovde Group raised Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price objective for the company in a research note on Thursday, January 30th. Finally, Stephens cut their target price 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. Three investment 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Veritex Stock Performance

VBTX stock opened at $24.63 on Friday. Veritex Holdings, Inc. has a 1-year low of $18.08 and a 1-year high of $31.62. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.34 billion, a PE ratio of 12.63 and a beta of 1.38. The business’s 50-day moving average price is $26.35 and its two-hundred day moving average price is $26.85.

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 the consensus estimate of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. As a group, research analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current year.

Veritex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 3.25%. The ex-dividend date of this dividend was Friday, February 14th. Veritex’s dividend payout ratio (DPR) is presently 41.03%.

About Veritex

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.