Veritex (VBTX) Projected to Post Quarterly Earnings on Tuesday

Veritex (NASDAQ:VBTX - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data after the market closes on Tuesday, July 22nd. Analysts expect the company to announce earnings of $0.56 per share and revenue of $110.91 million for the quarter.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The company had revenue of $109.73 million for the quarter, compared to the consensus estimate of $110.73 million. Veritex had a net margin of 14.12% and a return on equity of 7.51%. During the same period in the previous year, the firm earned $0.53 EPS. On average, analysts expect Veritex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Veritex Price Performance

Shares of NASDAQ:VBTX opened at $32.82 on Tuesday. The company's 50-day moving average is $25.31 and its 200 day moving average is $25.02. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $1.78 billion, a P/E ratio of 16.09 and a beta of 1.03. Veritex has a fifty-two week low of $20.10 and a fifty-two week high of $33.69.

Veritex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 8th. This is an increase from Veritex's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.68%. Veritex's dividend payout ratio is 43.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Raymond James Financial downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $31.00 to $28.00 in a report on Wednesday, April 2nd. DA Davidson dropped their price objective on shares of Veritex from $34.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Stephens reaffirmed an "equal weight" rating and set a $30.00 price objective on shares of Veritex in a report on Wednesday, April 23rd. William Blair raised shares of Veritex to an "outperform" rating in a report on Monday. Finally, The Goldman Sachs Group assumed coverage on shares of Veritex in a report on Monday. They set a "buy" rating on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Veritex currently has an average rating of "Moderate Buy" and an average target price of $30.25.

Institutional Investors Weigh In On Veritex

Hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in shares of Veritex during the first quarter valued at about $28,000. Strs Ohio bought a new position in shares of Veritex in the first quarter worth approximately $135,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Veritex by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,225 shares of the financial services provider's stock worth $780,000 after purchasing an additional 1,362 shares during the last quarter. Intech Investment Management LLC increased its position in shares of 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 purchasing an additional 9,055 shares during the last quarter. Finally, Jane Street Group LLC increased its position 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 purchasing an additional 94,148 shares during the last quarter. 88.31% of the stock is currently owned by institutional investors.

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.

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