Stieven Capital Advisors L.P. Has $14.78 Million Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Stieven Capital Advisors L.P. grew its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 39.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 561,636 shares of the financial services provider’s stock after purchasing an additional 157,571 shares during the period. Veritex comprises approximately 2.8% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 13th biggest holding. Stieven Capital Advisors L.P.’s holdings in Veritex were worth $14,782,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sippican Capital Advisors raised its holdings in shares of Veritex by 0.4% in the third quarter. Sippican Capital Advisors now owns 99,230 shares of the financial services provider’s stock valued at $2,612,000 after purchasing an additional 400 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Veritex by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 27,400 shares of the financial services provider’s stock valued at $578,000 after purchasing an additional 500 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Veritex by 7.4% in the first quarter. ProShare Advisors LLC now owns 10,622 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 728 shares during the last quarter. Point72 DIFC Ltd raised its holdings 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 last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Veritex in the second quarter valued at approximately $25,000. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John Sughrue sold 16,820 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $30.25, for a total transaction of $508,805.00. Following the completion of the sale, the director now owns 62,643 shares of the company’s stock, valued at $1,894,950.75. This represents a 21.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Malcolm Holland III sold 12,777 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $27.69, for a total transaction of $353,795.13. Following the sale, the chief executive officer now directly owns 224,132 shares of the company’s stock, valued at $6,206,215.08. This represents a 5.39 % decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Veritex Trading Down 0.5 %

VBTX stock opened at $29.27 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.95. The company has a fifty day moving average price of $26.68 and a two-hundred day moving average price of $23.55. Veritex Holdings, Inc. has a one year low of $18.08 and a one year high of $30.86. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 18.76 and a beta of 1.36.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Veritex had a net margin of 11.11% and a return on equity of 7.79%. The firm had revenue of $113.17 million during the quarter, compared to analysts’ expectations of $110.22 million. During the same period in the previous year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts anticipate that Veritex Holdings, Inc. will post 2.17 EPS for the current year.

Veritex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.20 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.73%. Veritex’s payout ratio is presently 51.28%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VBTX. Keefe, Bruyette & Woods downgraded shares of Veritex from an “outperform” rating to a “market perform” rating in a report on Thursday, October 24th. StockNews.com upgraded shares of Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Raymond James upgraded shares of Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Tuesday, September 17th. Stephens boosted their target price on shares of Veritex from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, Piper Sandler boosted their target price on shares of Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong 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 $29.40.

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.