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AMD   101.01 (+0.18%)
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T   18.39 (+0.66%)
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GE   79.81 (-0.15%)
DIS   124.26 (+2.21%)
AMC   24.21 (-0.94%)
PYPL   101.51 (+0.41%)
PFE   49.75 (-0.72%)
NFLX   249.11 (-0.08%)
QQQ   333.06 (+0.81%)
AAPL   173.19 (+0.63%)
MSFT   293.47 (+0.53%)
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GOOGL   122.08 (+0.33%)
AMZN   143.18 (-0.26%)
TSLA   927.96 (+3.10%)
NVDA   190.32 (+1.73%)
NIO   21.30 (+0.90%)
BABA   94.20 (-0.60%)
AMD   101.01 (+0.18%)
MU   64.70 (-0.52%)
T   18.39 (+0.66%)
CGC   3.82 (+15.76%)
F   16.32 (+0.87%)
GE   79.81 (-0.15%)
DIS   124.26 (+2.21%)
AMC   24.21 (-0.94%)
PYPL   101.51 (+0.41%)
PFE   49.75 (-0.72%)
NFLX   249.11 (-0.08%)
NASDAQ:VBTX

Veritex - VBTX Stock Forecast, Price & News

$33.60
+0.44 (+1.33%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$32.79
$33.63
50-Day Range
$27.69
$34.82
52-Week Range
$26.99
$45.36
Volume
248,120 shs
Average Volume
367,883 shs
Market Capitalization
$1.81 billion
P/E Ratio
12.26
Dividend Yield
2.41%
Price Target
$40.33

Veritex MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.0% Upside
$40.33 Price Target
Short Interest
Healthy
2.70% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$193,756 Sold Last Quarter
Proj. Earnings Growth
25.68%
From $2.92 to $3.67 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Finance Sector

213th out of 926 stocks

State Commercial Banks Industry

47th out of 193 stocks

VBTX stock logo

About Veritex (NASDAQ:VBTX) Stock

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, consumer, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing. The company also provides interest rate swap services; and 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 mobile banking, 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 and services consisting of lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts. As of December 31, 2021, the company operated 18 full-service branches located in the Dallas-Fort Worth metroplex, and 10 full-service branches in the Houston metropolitan area. Veritex Holdings, Inc. was incorporated in 2009 and is headquartered in Dallas, Texas.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VBTX shares. Raymond James cut Veritex from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $43.00 to $38.00 in a research report on Thursday, July 7th. Piper Sandler dropped their price target on Veritex to $39.00 in a research report on Monday, July 4th. Finally, StockNews.com cut Veritex from a "hold" rating to a "sell" rating in a research report on Thursday, July 28th.

Veritex Stock Performance

NASDAQ:VBTX opened at $33.16 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.86. The business's 50 day moving average is $30.73 and its two-hundred day moving average is $34.79. Veritex has a 12-month low of $26.99 and a 12-month high of $45.36. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 12.10 and a beta of 1.46.

Veritex (NASDAQ:VBTX - Get Rating) last released its earnings results on Wednesday, July 27th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.14). Veritex had a return on equity of 10.32% and a net margin of 35.73%. The business had revenue of $94.86 million for the quarter, compared to analyst estimates of $98.34 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The business's revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts expect that Veritex will post 2.92 EPS for the current year.

Veritex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, August 11th. Veritex's payout ratio is 29.20%.

Insiders Place Their Bets

In other news, CEO C Malcolm Holland III sold 5,528 shares of the business's stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $35.05, for a total transaction of $193,756.40. Following the sale, the chief executive officer now owns 154,431 shares of the company's stock, valued at approximately $5,412,806.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO C Malcolm Holland III sold 5,528 shares of the business's stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $35.05, for a total transaction of $193,756.40. Following the sale, the chief executive officer now owns 154,431 shares of the company's stock, valued at approximately $5,412,806.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Terry Earley purchased 1,180 shares of the firm's stock in a transaction dated Friday, July 29th. The shares were purchased at an average cost of $30.50 per share, for a total transaction of $35,990.00. Following the purchase, the chief financial officer now directly owns 7,980 shares in the company, valued at $243,390. The disclosure for this purchase can be found here. 3.38% of the stock is currently owned by insiders.

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VBTX Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Veritex (NASDAQ:VBTX) Downgraded by StockNews.com to Sell
The Collapse of 2022 Has Begun
Almost every asset you own could be in grave danger -- stocks, bonds, real estate and even banks. Today, Dr. Martin Weiss reveals his survival plan for these unprecedented times. Protect your wealth now. pixel
Veritex (VBTX) Scheduled to Post Earnings on Wednesday
See More Headlines
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VBTX Company Calendar

Ex-Dividend for 5/27 Dividend
5/12/2022
Dividend Payable
5/27/2022
Last Earnings
7/27/2022
Ex-Dividend for 8/26 Dividend
8/11/2022
Today
8/15/2022
Dividend Payable
8/26/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:VBTX
Fax
N/A
Employees
690
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$40.33
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+20.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$139.58 million
Pretax Margin
44.84%

Debt

Sales & Book Value

Annual Sales
$374.89 million
Cash Flow
$3.09 per share
Book Value
$26.68 per share

Miscellaneous

Free Float
52,153,000
Market Cap
$1.81 billion
Optionable
Not Optionable
Beta
1.46














VBTX Stock - Frequently Asked Questions

Should I buy or sell Veritex stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Veritex in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" VBTX shares.
View VBTX analyst ratings
or view top-rated stocks.

What is Veritex's stock price forecast for 2022?

3 brokers have issued 12 month price targets for Veritex's stock. Their VBTX share price forecasts range from $38.00 to $44.00. On average, they expect the company's stock price to reach $40.33 in the next year. This suggests a possible upside of 20.0% from the stock's current price.
View analysts price targets for VBTX
or view top-rated stocks among Wall Street analysts.

How have VBTX shares performed in 2022?

Veritex's stock was trading at $39.78 at the beginning of 2022. Since then, VBTX stock has decreased by 15.5% and is now trading at $33.60.
View the best growth stocks for 2022 here
.

When is Veritex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our VBTX earnings forecast
.

How were Veritex's earnings last quarter?

Veritex Holdings, Inc. (NASDAQ:VBTX) posted its earnings results on Wednesday, July, 27th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.69 by $0.14. The financial services provider had revenue of $94.86 million for the quarter, compared to the consensus estimate of $98.34 million. Veritex had a trailing twelve-month return on equity of 10.32% and a net margin of 35.73%. The company's revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS.

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

Veritex declared a quarterly dividend on Wednesday, July 27th. Stockholders of record on Friday, August 12th will be given a dividend of $0.20 per share on Friday, August 26th. This represents a $0.80 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, August 11th.
Read our dividend analysis for VBTX
.

Is Veritex a good dividend stock?

Veritex (NASDAQ:VBTX) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.41%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VBTX will have a dividend payout ratio of 21.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VBTX.

What other stocks do shareholders of Veritex own?
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 many different retail and institutional investors. Top institutional shareholders include Brown Advisory Inc. (1.95%), William Blair Investment Management LLC (1.79%), Aristotle Capital Boston LLC (1.54%), Millennium Management LLC (1.29%), Northern Trust Corp (1.23%) and Avidian Wealth Solutions LLC (1.02%). Insiders that own company stock include Angela Harper, Arcilia Acosta, Blake Bozman, C Malcolm Holland III, Cara Mcdaniel, Fallon William, Gregory B Morrison, Jeff Kesler, Jim Recer, John Sughrue, Lavonda Renfro, Manuel J Mehos, Michael Clayton Riebe, Ned N Fleming III, Pat S Bolin, Steven D Lerner, Terry Earley and William Don Ellis.
View institutional ownership trends
.

How do I buy shares of Veritex?

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

What is Veritex's stock price today?

One share of VBTX stock can currently be purchased for approximately $33.60.

How much money does Veritex make?

Veritex (NASDAQ:VBTX) has a market capitalization of $1.81 billion and generates $374.89 million in revenue each year. The financial services provider earns $139.58 million in net income (profit) each year or $2.74 on an earnings per share basis.

How many employees does Veritex have?

The company employs 690 workers across the globe.

How can I contact Veritex?

Veritex's mailing address is 8214 WESTCHESTER DRIVE SUITE 800, DALLAS TX, 75225. The official website for the company is www.veritexbank.com. The financial services provider can be reached via phone at (972) 349-6200 or via email at scaudle@veritexbank.com.

This page (NASDAQ:VBTX) was last updated on 8/15/2022 by MarketBeat.com Staff

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