Veritex (VBTX) to Release Earnings on Tuesday

Veritex (NASDAQ:VBTX - Get Free Report) is projected to release its Q2 2025 earnings data before the market opens on Tuesday, July 22nd. Analysts expect Veritex to post earnings of $0.54 per share and revenue of $110.91 million for the quarter.

Veritex (NASDAQ:VBTX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. 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 7.51% and a net margin of 14.12%. During the same quarter in the prior year, the company earned $0.52 earnings per share. On average, analysts expect Veritex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Veritex Stock Performance

Shares of VBTX traded down $0.48 during midday trading on Friday, reaching $32.32. 561,836 shares of the stock were exchanged, compared to its average volume of 467,095. 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 15.83 and a beta of 1.03. The stock's 50 day simple moving average is $25.83 and its 200 day simple moving average is $25.16.

Veritex Announces Dividend

The company also recently announced 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.72%. Veritex's dividend payout ratio is currently 43.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VBTX. Jane Street Group LLC grew its position in Veritex by 451.0% in the first quarter. Jane Street Group LLC now owns 115,022 shares of the financial services provider's stock valued at $2,872,000 after acquiring an additional 94,148 shares during the last quarter. Intech Investment Management LLC grew its position in Veritex by 24.5% in the first quarter. Intech Investment Management LLC now owns 46,022 shares of the financial services provider's stock valued at $1,149,000 after acquiring an additional 9,055 shares during the last quarter. Strs Ohio bought a new position in Veritex in the first quarter valued at about $135,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 valued at $780,000 after acquiring an additional 1,362 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Veritex in the first quarter valued at about $28,000. Institutional investors own 88.31% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VBTX. The Goldman Sachs Group began coverage on Veritex in a report on Monday. They set a "buy" rating for the company. Stephens reaffirmed an "equal weight" rating and issued a $30.00 price target on shares of Veritex in a research note on Wednesday, April 23rd. Piper Sandler reaffirmed a "neutral" rating and issued a $34.00 price target (up previously from $30.00) on shares of Veritex in a research note on Wednesday. DA Davidson dropped their price target on Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James Financial downgraded Veritex from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $31.00 to $28.00 in a research note 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $30.92.

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.