Veritex Holdings, Inc. to Post FY2025 Earnings of $2.47 Per Share, DA Davidson Forecasts (NASDAQ:VBTX)

Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) - DA Davidson increased their FY2025 earnings per share estimates for shares of Veritex in a note issued to investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $2.47 per share for the year, up from their prior estimate of $2.37. The consensus estimate for Veritex's current full-year earnings is $2.22 per share.

A number of other equities analysts have also recently issued reports on the stock. StockNews.com cut shares of Veritex from a "hold" rating to a "sell" rating in a research report on Tuesday. Keefe, Bruyette & Woods reduced their price target on shares of Veritex from $29.00 to $27.00 and set an "outperform" rating on the stock in a research report on Thursday, January 25th. Stephens reiterated an "equal weight" rating and set a $24.00 price objective on shares of Veritex in a research report on Monday, April 1st. Finally, Piper Sandler boosted their price objective on shares of Veritex from $23.50 to $25.00 and gave the company an "overweight" rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $24.13.

Veritex Price Performance

Shares of VBTX traded up $0.04 during mid-day trading on Thursday, hitting $19.32. 287,682 shares of the company traded hands, compared to its average volume of 431,386. The business has a 50-day moving average of $19.87 and a 200 day moving average of $20.20. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 9.80 and a beta of 1.34. Veritex has a one year low of $14.88 and a one year high of $24.46.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01). Veritex had a net margin of 14.51% and a return on equity of 9.47%. The firm had revenue of $77.74 million for the quarter, compared to analyst estimates of $110.67 million. During the same period last year, the firm earned $0.74 earnings per share. Veritex's revenue for the quarter was down 35.4% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of Veritex by 2.1% in the 2nd quarter. LPL Financial LLC now owns 14,987 shares of the financial services provider's stock worth $439,000 after purchasing an additional 313 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Veritex by 0.8% during the 1st quarter. Yousif Capital Management LLC now owns 48,088 shares of the financial services provider's stock worth $1,836,000 after acquiring an additional 382 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Veritex by 19.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,482 shares of the financial services provider's stock worth $62,000 after acquiring an additional 559 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Veritex by 3.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,801 shares of the financial services provider's stock worth $344,000 after acquiring an additional 635 shares in the last quarter. Finally, Lmcg Investments LLC boosted its stake in shares of Veritex by 0.4% during the 3rd quarter. Lmcg Investments LLC now owns 149,671 shares of the financial services provider's stock worth $2,687,000 after acquiring an additional 638 shares in the last quarter. Institutional investors own 88.31% of the company's stock.

Veritex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.80 annualized dividend and a yield of 4.14%. Veritex's dividend payout ratio is presently 40.40%.

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.