Q1 Earnings Estimate for Veritex Issued By DA Davidson

Veritex Holdings, Inc. (NASDAQ:VBTX) – Analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Veritex in a research note issued to investors on Thursday, January 30th. DA Davidson analyst G. Tenner expects that the financial services provider will earn $0.48 per share for the quarter. DA Davidson has a “Buy” rating and a $34.00 price target on the stock. The consensus estimate for Veritex’s current full-year earnings is $2.24 per share. DA Davidson also issued estimates for Veritex’s FY2025 earnings at $2.43 EPS.

A number of other equities research analysts have also weighed in on the stock. Raymond James reduced their target price on shares of Veritex from $32.00 to $31.00 and set a “strong-buy” rating on the stock in a report on Thursday. StockNews.com raised Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods cut Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th. Hovde Group raised Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price objective on the stock in a research note on Thursday. Finally, Piper Sandler upped their target price on Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Three research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.50.

Veritex Price Performance

Veritex stock opened at $26.80 on Friday. The stock has a 50-day moving average price of $27.91 and a two-hundred day moving average price of $26.34. Veritex has a 12 month low of $18.08 and a 12 month high of $31.62. The company has a market capitalization of $1.46 billion, a PE ratio of 13.74 and a beta of 1.38. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.63%.

Veritex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Friday, February 14th. Veritex’s dividend payout ratio is presently 41.03%.

Insider Buying and Selling at Veritex

In other news, Director John Sughrue sold 16,820 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $30.25, for a total transaction of $508,805.00. Following the transaction, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.60% of the company’s stock.

Institutional Trading of Veritex

A number of hedge funds and other institutional investors have recently bought and sold shares of VBTX. Geode Capital Management LLC lifted its holdings in Veritex by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,293,966 shares of the financial services provider’s stock worth $34,064,000 after acquiring an additional 18,185 shares during the period. Barclays PLC grew its position in Veritex by 63.8% during the third quarter. Barclays PLC now owns 117,609 shares of the financial services provider’s stock valued at $3,095,000 after buying an additional 45,787 shares during the period. GAMMA Investing LLC increased its holdings in 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 buying an additional 431 shares during the last quarter. JPMorgan Chase & Co. raised its position in Veritex by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider’s stock worth $16,618,000 after acquiring an additional 122,809 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Veritex by 4.6% during the 3rd quarter. Stifel Financial Corp now owns 48,582 shares of the financial services provider’s stock valued at $1,279,000 after acquiring an additional 2,115 shares during the period. Institutional investors own 88.31% of the company’s stock.

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.