Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) - Equities research analysts at DA Davidson upped their FY2025 earnings estimates for Veritex in a report released on Friday, June 27th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings per share of $2.30 for the year, up from their previous estimate of $2.24. DA Davidson has a "Buy" rating and a $32.00 price target 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.
Several other brokerages also recently commented on VBTX. Raymond James Financial downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $31.00 to $28.00 in a research note 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 objective 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Veritex currently has a consensus rating of "Moderate Buy" and an average price target of $30.25.
Check Out Our Latest Analysis on Veritex
Veritex Stock Up 0.9%
Shares of VBTX traded up $0.24 during mid-day trading on Monday, reaching $27.62. 149,665 shares of the stock traded hands, compared to its average volume of 392,673. The stock has a fifty day simple moving average of $24.55 and a 200 day simple moving average of $25.05. Veritex has a 12-month low of $20.10 and a 12-month high of $31.62. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 13.54 and a beta of 1.03. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.10.
Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Veritex had a return on equity of 7.51% and a net margin of 14.12%. The company had revenue of $109.73 million for the quarter, compared to analysts' expectations of $110.73 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Veritex by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 264,107 shares of the financial services provider's stock valued at $7,173,000 after acquiring an additional 7,882 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Veritex in the fourth quarter worth $276,000. Bailard Inc. acquired a new position in Veritex during the fourth quarter worth $215,000. Charles Schwab Investment Management Inc. boosted its holdings in Veritex by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 741,274 shares of the financial services provider's stock worth $20,133,000 after purchasing an additional 8,409 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Veritex in the fourth quarter valued at $6,974,000. 88.31% of the stock is owned by institutional investors and hedge funds.
Veritex Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a $0.22 dividend. This is an increase from Veritex's previous quarterly dividend of $0.20. The ex-dividend date was Thursday, May 8th. This represents a $0.88 annualized dividend and a dividend yield of 3.19%. Veritex's dividend payout ratio (DPR) is currently 43.14%.
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, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.
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