DA Davidson Issues Positive Forecast for Veritex (NASDAQ:VBTX) Stock Price

Veritex (NASDAQ:VBTX - Free Report) had its price objective raised by DA Davidson from $32.00 to $39.00 in a report published on Thursday morning,Benzinga reports. DA Davidson currently has a buy rating on the financial services provider's stock. DA Davidson also issued estimates for Veritex's Q3 2025 earnings at $0.60 EPS.

A number of other research analysts have also recently commented on the company. Piper Sandler restated a "neutral" rating and issued a $34.00 price target (up previously from $30.00) on shares of Veritex in a research report on Wednesday, July 16th. The Goldman Sachs Group assumed coverage on Veritex in a research report on Monday, July 14th. They issued a "buy" rating on the stock. William Blair upgraded Veritex to an "outperform" rating in a research report on Monday, July 14th. Keefe, Bruyette & Woods lifted their target price on Veritex from $30.00 to $37.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Finally, Raymond James Financial cut Veritex from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Veritex currently has an average rating of "Moderate Buy" and an average target price of $33.25.

Veritex Stock Performance

Shares of VBTX traded down $0.35 during midday trading on Thursday, reaching $32.16. 728,339 shares of the stock were exchanged, compared to its average volume of 551,276. Veritex has a twelve month low of $20.10 and a twelve month high of $33.69. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.75 billion, a P/E ratio of 15.31 and a beta of 1.03. The stock's 50 day simple moving average is $26.73 and its 200 day simple moving average is $25.39.

Veritex (NASDAQ:VBTX - Get Free Report) last posted 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 return on equity of 7.59% and a net margin of 14.83%. The company had revenue of $109.83 million during the quarter, compared to the consensus estimate of $110.91 million. During the same quarter last year, the firm earned $0.52 earnings per share. On average, sell-side analysts expect that Veritex will post 2.26 earnings per share for the current year.

Veritex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.74%. Veritex's dividend payout ratio (DPR) is presently 41.90%.

Insider Buying and Selling

In related news, COO Lavonda Renfro sold 53,411 shares of Veritex stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $32.38, for a total value of $1,729,448.18. Following the transaction, the chief operating officer directly owned 60,209 shares of the company's stock, valued at $1,949,567.42. The trade was a 47.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Angela Harper sold 47,716 shares of Veritex stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $32.37, for a total value of $1,544,566.92. Following the completion of the transaction, the executive vice president directly owned 59,683 shares in the company, valued at approximately $1,931,938.71. This represents a 44.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 300,531 shares of company stock valued at $9,724,762 in the last ninety days. Insiders own 4.30% of the company's stock.

Hedge Funds Weigh In On Veritex

Several institutional investors have recently added to or reduced their stakes in VBTX. Commonwealth Equity Services LLC lifted its stake in Veritex by 9.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 28,800 shares of the financial services provider's stock valued at $782,000 after buying an additional 2,437 shares during the period. Teacher Retirement System of Texas lifted its stake in Veritex by 6.6% in the fourth quarter. Teacher Retirement System of Texas now owns 17,020 shares of the financial services provider's stock valued at $462,000 after buying an additional 1,050 shares during the period. Quantbot Technologies LP acquired a new position in Veritex in the fourth quarter valued at approximately $599,000. American Century Companies Inc. lifted its stake in Veritex by 1.9% in the fourth quarter. American Century Companies Inc. now owns 789,909 shares of the financial services provider's stock valued at $21,454,000 after buying an additional 14,924 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in Veritex in the fourth quarter valued at approximately $332,000. 88.31% of the stock is owned by institutional investors and hedge funds.

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.