Veritex Holdings, Inc. (NASDAQ:VBTX) Receives $33.25 Average PT from Analysts

Key Points

• Veritex Holdings, Inc. has an average rating of "Moderate Buy" from eight analysts, with a one-year price target average of $33.25.
• The company reported $0.56 EPS for the last quarter, surpassing the analysts' expectations and showing growth from the previous year's $0.52 EPS.
• Veritex announced a quarterly dividend of $0.22 per share, resulting in an annualized yield of 2.6%.

Shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $33.25.

VBTX has been the topic of a number of recent research reports. William Blair raised shares of Veritex to an "outperform" rating in a research note on Monday, July 14th. Piper Sandler restated a "neutral" rating and issued a $34.00 target price (up previously from $30.00) on shares of Veritex in a report on Wednesday, July 16th. DA Davidson raised their target price on shares of Veritex from $32.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods raised their target price on shares of Veritex from $30.00 to $37.00 and gave the stock a "market perform" rating in a report on Tuesday, July 22nd. Finally, The Goldman Sachs Group started coverage on shares of Veritex in a report on Monday, July 14th. They issued a "buy" rating for the company.

Insider Transactions at Veritex

In related news, Director Fallon William sold 7,220 shares of Veritex stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $30.68, for a total transaction of $221,509.60. Following the completion of the sale, the director owned 14,191 shares in the company, valued at $435,379.88. This trade represents a 33.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Arcilia Acosta sold 7,279 shares of Veritex stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $32.14, for a total transaction of $233,947.06. Following the sale, the director owned 54,933 shares of the company's stock, valued at $1,765,546.62. The trade was a 11.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 320,699 shares of company stock worth $10,361,627. 4.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Veritex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VBTX. Price T Rowe Associates Inc. MD lifted its holdings in Veritex by 11.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,227 shares of the financial services provider's stock valued at $1,039,000 after buying an additional 3,923 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Veritex during the 4th quarter valued at about $143,000. AQR Capital Management LLC lifted its holdings in Veritex by 8.2% during the 4th quarter. AQR Capital Management LLC now owns 444,515 shares of the financial services provider's stock valued at $12,073,000 after buying an additional 33,566 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Veritex in the 4th quarter valued at about $256,000. Finally, Algert Global LLC raised its holdings in shares of Veritex by 6.2% in the 4th quarter. Algert Global LLC now owns 84,336 shares of the financial services provider's stock valued at $2,291,000 after purchasing an additional 4,951 shares in the last quarter. Institutional investors own 88.31% of the company's stock.

Veritex Price Performance

Shares of VBTX traded down $0.11 during mid-day trading on Tuesday, reaching $33.99. The stock had a trading volume of 831,755 shares, compared to its average volume of 680,325. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 16.19 and a beta of 1.08. Veritex has a 12 month low of $20.37 and a 12 month high of $34.56. The business has a fifty day moving average of $31.15 and a 200 day moving average of $26.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.96.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its earnings results on Friday, July 18th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Veritex had a net margin of 14.83% and a return on equity of 7.55%. The firm had revenue of $109.83 million during the quarter, compared to analyst estimates of $110.91 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities analysts predict that Veritex will post 2.26 EPS for the current year.

Veritex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. Veritex's dividend payout ratio (DPR) is presently 41.90%.

Veritex Company Profile

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.