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NASDAQ:VBTX - Veritex Stock Price, Forecast & News

$14.34
+0.14 (+0.99 %)
(As of 03/31/2020 03:36 AM ET)
Today's Range
$13.31
Now: $14.34
$14.46
50-Day Range
$10.77
MA: $21.67
$28.89
52-Week Range
$10.02
Now: $14.34
$29.41
Volume550,378 shs
Average Volume536,464 shs
Market Capitalization$724.13 million
P/E Ratio8.49
Dividend Yield4.79%
Beta1.56
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 checking, 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, residential real estate loans, construction and land loans, farmland loans, and consumer loans. 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, 2018, the company had 20 branches and 1 mortgage office located in the Dallas-Fort Worth metroplex, as well as 1 branch in the Houston metropolitan area. Veritex Holdings, Inc. was founded in 2009 and is headquartered in Dallas, Texas.
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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$408.87 million
Cash Flow$2.60 per share
Book Value$22.94 per share

Profitability

Net Income$90.74 million

Miscellaneous

Employees327
Market Cap$724.13 million
Next Earnings Date4/27/2020 (Estimated)
OptionableNot Optionable

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Veritex (NASDAQ:VBTX) Frequently Asked Questions

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

Veritex's stock was trading at $17.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, VBTX stock has decreased by 17.2% and is now trading at $14.34. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Veritex?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veritex in the last year. There are currently 3 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 Monday, April 27th 2020. View our earnings forecast for Veritex.

How were Veritex's earnings last quarter?

Veritex Holdings Inc (NASDAQ:VBTX) released its earnings results on Tuesday, January, 28th. The financial services provider reported $0.58 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.63 by $0.05. The financial services provider had revenue of $77 million for the quarter, compared to analysts' expectations of $78.40 million. Veritex had a net margin of 22.19% and a return on equity of 10.33%. View Veritex's earnings history.

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

Veritex declared a quarterly dividend on Tuesday, January 28th. Stockholders of record on Thursday, February 6th will be given a dividend of $0.17 per share on Thursday, February 20th. This represents a $0.68 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Wednesday, February 5th. This is an increase from Veritex's previous quarterly dividend of $0.13. View Veritex's dividend history.

What price target have analysts set for VBTX?

3 analysts have issued 12-month price targets for Veritex's stock. Their forecasts range from $28.00 to $34.00. On average, they expect Veritex's stock price to reach $31.00 in the next twelve months. This suggests a possible upside of 116.2% from the stock's current price. View analysts' price targets for Veritex.

Has Veritex been receiving favorable news coverage?

News stories about VBTX stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Veritex earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutVeritex.

Are investors shorting Veritex?

Veritex saw a increase in short interest in February. As of February 28th, there was short interest totaling 1,690,000 shares, an increase of 18.2% from the February 13th total of 1,430,000 shares. Based on an average trading volume of 454,300 shares, the short-interest ratio is presently 3.7 days. Approximately 3.7% of the shares of the stock are short sold. View Veritex's Current Options Chain.

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 59)
  • Ms. LaVonda Renfro, Exec. VP (Age 58)
  • Mr. Jeffrey Kesler, Exec. VP (Age 41)
  • Mr. Michael Clayton Riebe, Exec. VP (Age 58)
  • Mr. Terry S. Earley, Exec. VP & CFO (Age 60)

What is Veritex's stock symbol?

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

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 $14.34.

How big of a company is Veritex?

Veritex has a market capitalization of $724.13 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 327 workers across the globe. View additional information about Veritex.

What is Veritex's official website?

The official website for Veritex is http://www.veritexbank.com/.

How can I contact Veritex?

Veritex's mailing address is 8214 WESTCHESTER DRIVE SUITE 400, DALLAS TX, 75225. The financial services provider can be reached via phone at 972-349-6200 or via email at [email protected]


MarketBeat Community Rating for Veritex (NASDAQ VBTX)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  194 (Vote Outperform)
Underperform Votes:  319 (Vote Underperform)
Total Votes:  513
MarketBeat's community ratings are surveys of what our community members think about Veritex and other stocks. Vote "Outperform" if you believe VBTX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VBTX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/31/2020 by MarketBeat.com Staff

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