Mutual of America Capital Management LLC Boosts Stock Position in Veritex Holdings, Inc. (NASDAQ:VBTX)

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Mutual of America Capital Management LLC boosted its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTXGet Rating) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,114 shares of the financial services provider’s stock after purchasing an additional 379 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Veritex were worth $272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Public Sector Pension Investment Board increased its holdings in Veritex by 0.3% during the 4th quarter. Public Sector Pension Investment Board now owns 100,407 shares of the financial services provider’s stock worth $3,994,000 after purchasing an additional 330 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Veritex by 2.3% in the 1st quarter. Maryland State Retirement & Pension System now owns 19,940 shares of the financial services provider’s stock valued at $761,000 after acquiring an additional 440 shares during the last quarter. River Oaks Capital LLC increased its holdings in shares of Veritex by 1.4% in the 1st quarter. River Oaks Capital LLC now owns 71,200 shares of the financial services provider’s stock valued at $2,718,000 after acquiring an additional 1,000 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Veritex by 6.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 24,522 shares of the financial services provider’s stock valued at $975,000 after acquiring an additional 1,571 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Veritex by 20.7% in the 4th quarter. Teacher Retirement System of Texas now owns 9,590 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 1,645 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Veritex Price Performance

Shares of VBTX opened at $31.62 on Tuesday. The company has a market cap of $1.71 billion, a P/E ratio of 11.54 and a beta of 1.46. The stock has a fifty day moving average price of $31.10 and a 200 day moving average price of $35.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 1.03. Veritex Holdings, Inc. has a 12 month low of $26.99 and a 12 month high of $45.36.

Veritex (NASDAQ:VBTXGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.14). Veritex had a return on equity of 10.32% and a net margin of 35.73%. The company had revenue of $94.86 million for the quarter, compared to the consensus estimate of $98.34 million. During the same quarter in the previous year, the company earned $0.60 earnings per share. Veritex’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, research analysts forecast that Veritex Holdings, Inc. will post 2.92 earnings per share for the current year.

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.80 dividend on an annualized basis and a yield of 2.53%. Veritex’s dividend payout ratio (DPR) is presently 29.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Raymond James downgraded Veritex from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $43.00 to $38.00 in a report on Thursday, July 7th. StockNews.com downgraded Veritex from a “hold” rating to a “sell” rating in a report on Thursday, July 28th. Finally, Piper Sandler lowered their price target on Veritex to $39.00 in a report on Monday, July 4th.

Insiders Place Their Bets

In other Veritex news, CEO C Malcolm Holland III sold 722 shares of the business’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $35.00, for a total transaction of $25,270.00. Following the completion of the transaction, the chief executive officer now owns 159,959 shares in the company, valued at approximately $5,598,565. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO C Malcolm Holland III sold 722 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $35.00, for a total value of $25,270.00. Following the completion of the sale, the chief executive officer now owns 159,959 shares in the company, valued at $5,598,565. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Terry Earley acquired 1,180 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was purchased at an average price of $30.50 per share, with a total value of $35,990.00. Following the acquisition, the chief financial officer now owns 7,980 shares of the company’s stock, valued at $243,390. The disclosure for this purchase can be found here. 3.38% of the stock is currently owned by insiders.

About Veritex

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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, consumer, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.

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