Veritex (VBTX) Projected to Post Quarterly Earnings on Tuesday

Veritex (NASDAQ:VBTX) is expected to post its quarterly earnings results after the market closes on Tuesday, January 28th. Analysts expect Veritex to post earnings of $0.56 per share and revenue of $112,222.50 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Veritex (NASDAQ:VBTX) last released its earnings results 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. The firm had revenue of $113.17 million during the quarter, compared to analyst estimates of $110.22 million. Veritex had a net margin of 11.11% and a return on equity of 7.79%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. On average, analysts expect Veritex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Veritex Stock Performance

VBTX stock opened at $26.35 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. Veritex has a twelve month low of $18.08 and a twelve month high of $31.62. The business’s fifty day moving average is $28.44 and its 200-day moving average is $26.06. The company has a market cap of $1.44 billion, a P/E ratio of 16.89 and a beta of 1.38.

Analysts Set New Price Targets

VBTX has been the topic of a number of recent analyst reports. StockNews.com upgraded Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lowered shares of Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th. Piper Sandler upped their target price on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, DA Davidson lifted their price target on shares of Veritex from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Veritex presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

Insider Activity at Veritex

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

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.