Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) - Analysts at DA Davidson increased their FY2025 earnings per share estimates for Veritex in a research report issued on Friday, June 27th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $2.30 for the year, up from their prior forecast of $2.24. DA Davidson currently has a "Buy" rating and a $32.00 target price on the stock. The consensus estimate for Veritex's current full-year earnings is $2.26 per share. DA Davidson also issued estimates for Veritex's FY2026 earnings at $2.46 EPS.
Veritex (NASDAQ:VBTX - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The company had revenue of $109.73 million for the quarter, compared to analyst estimates of $110.73 million. Veritex had a return on equity of 7.51% and a net margin of 14.12%. During the same quarter last year, the company earned $0.53 earnings per share.
A number of other analysts also recently commented on the company. Raymond James Financial downgraded Veritex from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Stephens reaffirmed an "equal weight" rating and set a $30.00 price target on shares of Veritex in a research report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods decreased their price target on Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.25.
Read Our Latest Analysis on Veritex
Veritex Stock Performance
Shares of VBTX opened at $26.15 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 12.82 and a beta of 1.02. The stock has a 50 day moving average of $24.28 and a 200 day moving average of $25.04. Veritex has a 12 month low of $20.10 and a 12 month high of $31.62.
Institutional Trading of Veritex
A number of large investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in Veritex in the first quarter worth $135,000. Acadian Asset Management LLC purchased a new stake in Veritex in the first quarter worth $28,000. Intech Investment Management LLC increased its position in Veritex by 24.5% in the first quarter. Intech Investment Management LLC now owns 46,022 shares of the financial services provider's stock worth $1,149,000 after buying an additional 9,055 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Veritex by 451.0% in the first quarter. Jane Street Group LLC now owns 115,022 shares of the financial services provider's stock worth $2,872,000 after acquiring an additional 94,148 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Veritex by 29.3% in the first quarter. Empowered Funds LLC now owns 224,034 shares of the financial services provider's stock valued at $5,594,000 after purchasing an additional 50,711 shares in the last quarter. 88.31% of the stock is owned by hedge funds and other institutional investors.
Veritex Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a $0.22 dividend. This is an increase from Veritex's previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, May 8th. Veritex's dividend payout ratio (DPR) is currently 43.14%.
Veritex Company Profile
(
Get Free Report)
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.
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