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NASDAQ:VBTX

Veritex Stock Forecast, Price & News

$19.73
+0.68 (+3.57 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$18.95
Now: $19.73
$19.97
50-Day Range
$15.79
MA: $18.63
$21.50
52-Week Range
$10.02
Now: $19.73
$29.41
Volume552,014 shs
Average Volume378,923 shs
Market Capitalization$979.54 million
P/E Ratio12.10
Dividend Yield3.57%
Beta1.87
Veritex Holdings, Inc. operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include demand, savings, money market and time deposit accounts, as well as commercial deposit and financial institution money market accounts. Its loan portfolio consists of commercial real estate and general commercial loans, mortgage warehouse loans, residential real estate loans, construction and land loans, farmland loans, and consumer loans, as well as purchased receivables financing. The company also provides a range of online banking solutions, such as access to account balances, online transfers, online bill payment and electronic delivery of customer statements, and ATMs, as well as banking through telephone, mail, and personal appointment. In addition, it offers debit cards, night depository services, direct deposits, cashier's checks, and letters of credit; treasury management services, including balance reporting, transfers between accounts, wire transfer initiation, automated clearinghouse origination, and stop payments; and cash management deposit products consisting of lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts. As of December 31, 2019, the company had 25 branches and one mortgage office located in the Dallas-Fort Worth metroplex, as well as 12 full-service branches in the Houston metropolitan area and one branch in Louisville, Kentucky. Veritex Holdings, Inc. was founded in 2009 and is headquartered in Dallas, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.41 out of 5 stars

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:VBTX
CUSIPN/A
Phone972-349-6200
Employees676

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$408.87 million
Cash Flow$2.52 per share
Book Value$22.94 per share

Profitability

Net Income$90.74 million

Miscellaneous

Market Cap$979.54 million
Next Earnings Date1/26/2021 (Estimated)
OptionableNot Optionable
$19.73
+0.68 (+3.57 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Veritex (NASDAQ:VBTX) Frequently Asked Questions

How has Veritex's stock been impacted by Coronavirus (COVID-19)?

Veritex's stock was trading at $17.31 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, VBTX shares have increased by 14.0% and is now trading at $19.73.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Veritex?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veritex in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Veritex
.

When is Veritex's next earnings date?

Veritex is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for Veritex
.

How were Veritex's earnings last quarter?

Veritex Holdings, Inc. (NASDAQ:VBTX) posted its quarterly earnings data on Sunday, November, 1st. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. The financial services provider had revenue of $75.67 million for the quarter, compared to analyst estimates of $71.50 million. Veritex had a net margin of 21.27% and a return on equity of 7.16%.
View Veritex's earnings history
.

How often does Veritex pay dividends? What is the dividend yield for Veritex?

Veritex announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.17 per share on Thursday, November 19th. This represents a $0.68 annualized dividend and a yield of 3.45%. The ex-dividend date is Wednesday, November 4th.
View Veritex's dividend history
.

What price target have analysts set for VBTX?

4 equities research analysts have issued 1-year price objectives for Veritex's shares. Their forecasts range from $22.00 to $34.00. On average, they expect Veritex's stock price to reach $26.33 in the next year. This suggests a possible upside of 33.5% from the stock's current price.
View analysts' price targets for Veritex
.

Are investors shorting Veritex?

Veritex saw a increase in short interest in October. As of October 15th, there was short interest totaling 1,520,000 shares, an increase of 18.8% from the September 30th total of 1,280,000 shares. Based on an average trading volume of 267,100 shares, the short-interest ratio is presently 5.7 days. Currently, 3.2% of the company's shares are sold short.
View Veritex's Short Interest
.

Who are some of Veritex's key competitors?

What other stocks do shareholders of Veritex own?

Who are Veritex's key executives?

Veritex's management team includes the following people:
  • Mr. Charles Malcolm Holland III, Chairman, Pres & CEO (Age 60, Pay $1.1M)
  • Mr. Terry S. Earley, Sr. Exec. VP & CFO (Age 61, Pay $1.34M)
  • Mr. Jeffrey Kesler, Sr. Exec. VP (Age 42, Pay $650.04k)
  • Mr. Michael Clayton Riebe, Sr. Exec. VP (Age 59, Pay $495k)
  • Mr. Jonathan S Heine, Sr. Exec. VP (Age 41, Pay $649.34k)
  • Ms. Susan Caudle, Exec. Assistant & Shareholder Relations
  • Ms. LaVonda Renfro, Sr. Exec. VP (Age 59)
  • Ms. Angela Harper, Sr. Exec. VP (Age 51)
  • Mr. Michael L. Bryan, Sr. Exec. VP (Age 63)
  • Mr. Jack Dunn, Pres of Veritex Mortgage

What is Veritex's stock symbol?

Veritex trades on the NASDAQ under the ticker symbol "VBTX."

Who are Veritex's major shareholders?

Veritex's stock is owned by a number of institutional and retail investors. Top institutional shareholders include LSV Asset Management (2.24%), Assenagon Asset Management S.A. (0.92%), Ziegler Capital Management LLC (0.84%), Peregrine Capital Management LLC (0.71%), Confluence Investment Management LLC (0.43%) and Comerica Bank (0.30%). Company insiders that own Veritex stock include Angela Harper, Blake Bozman, C Malcolm Holland III, Cara Mcdaniel, Gordon Huddleston, Gregory B Morrison, Jeff Kesler, Jim Recer, Manuel J Mehos, Mark C Griege, Ned N Fleming III, Pat S Bolin, Steven D Lerner and Terry Earley.
View institutional ownership trends for Veritex
.

Which institutional investors are selling Veritex stock?

VBTX stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Ziegler Capital Management LLC, Dupont Capital Management Corp, and Envestnet Asset Management Inc.. Company insiders that have sold Veritex company stock in the last year include Blake Bozman, C Malcolm Holland III, Jeff Kesler, Manuel J Mehos, and Steven D Lerner.
View insider buying and selling activity for Veritex
.

Which institutional investors are buying Veritex stock?

VBTX stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, Peregrine Capital Management LLC, Louisiana State Employees Retirement System, BNP Paribas Arbitrage SA, Comerica Bank, State of Alaska Department of Revenue, State of New Jersey Common Pension Fund D, and Nisa Investment Advisors LLC. Company insiders that have bought Veritex stock in the last two years include Cara Mcdaniel, Gordon Huddleston, Gregory B Morrison, Jim Recer, Mark C Griege, Ned N Fleming III, Pat S Bolin, and Terry Earley.
View insider buying and selling activity for Veritex
.

How do I buy shares of Veritex?

Shares of VBTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Veritex's stock price today?

One share of VBTX stock can currently be purchased for approximately $19.73.

How big of a company is Veritex?

Veritex has a market capitalization of $979.54 million and generates $408.87 million in revenue each year. The financial services provider earns $90.74 million in net income (profit) each year or $2.29 on an earnings per share basis. Veritex employs 676 workers across the globe.

What is Veritex's official website?

The official website for Veritex is www.veritexbank.com.

How can I contact Veritex?

Veritex's mailing address is 8214 WESTCHESTER DRIVE SUITE 800, DALLAS TX, 75225. The financial services provider can be reached via phone at 972-349-6200 or via email at [email protected]

This page was last updated on 10/31/2020 by MarketBeat.com Staff

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