Equities Analysts Set Expectations for Veritex Q4 Earnings

Veritex Holdings, Inc. (NASDAQ:VBTX) – DA Davidson issued their Q4 2024 earnings per share estimates for Veritex in a research note issued to investors on Thursday, October 24th. DA Davidson analyst G. Tenner anticipates that the financial services provider will post earnings per share of $0.56 for the quarter. DA Davidson has a “Buy” rating and a $33.00 price target on the stock. The consensus estimate for Veritex’s current full-year earnings is $2.13 per share.

Veritex (NASDAQ:VBTX) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The business had revenue of $113.17 million for the quarter, compared to analysts’ expectations of $110.22 million. Veritex had a net margin of 11.11% and a return on equity of 7.88%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS.

A number of other analysts have also recently weighed in on the company. Keefe, Bruyette & Woods cut Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday. Piper Sandler raised their price target on Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday. StockNews.com downgraded shares of Veritex from a “hold” rating to a “sell” rating in a report on Tuesday. Stephens increased their price objective on shares of Veritex from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Finally, Raymond James raised 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 research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.40.

Veritex Price Performance

NASDAQ VBTX opened at $27.08 on Friday. The firm’s fifty day simple moving average is $25.27 and its two-hundred day simple moving average is $22.57. The firm has a market capitalization of $1.48 billion, a P/E ratio of 15.75 and a beta of 1.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. Veritex has a 12-month low of $16.84 and a 12-month high of $28.46.

Institutional Trading of Veritex

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Veritex by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,795,336 shares of the financial services provider’s stock valued at $77,766,000 after purchasing an additional 23,222 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Veritex by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,445,102 shares of the financial services provider’s stock valued at $51,566,000 after buying an additional 299,562 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Veritex by 1.9% in the second quarter. Victory Capital Management Inc. now owns 1,968,608 shares of the financial services provider’s stock worth $41,518,000 after buying an additional 37,617 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in Veritex by 16.4% during the first quarter. Westwood Holdings Group Inc. now owns 1,668,743 shares of the financial services provider’s stock worth $34,193,000 after acquiring an additional 235,154 shares during the period. Finally, American Century Companies Inc. raised its position in Veritex by 11.7% during the second quarter. American Century Companies Inc. now owns 827,202 shares of the financial services provider’s stock valued at $17,446,000 after acquiring an additional 86,327 shares in the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.95%. Veritex’s dividend payout ratio is currently 46.51%.

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.