DA Davidson Comments on Veritex’s Q4 Earnings (NASDAQ:VBTX)

Veritex Holdings, Inc. (NASDAQ:VBTX) – DA Davidson issued their Q4 2024 earnings per share estimates for shares of Veritex in a research report issued on Thursday, October 24th. DA Davidson analyst G. Tenner forecasts that the financial services provider will earn $0.56 per share for the quarter. DA Davidson currently has a “Buy” rating and a $33.00 target price on the stock. The consensus estimate for Veritex’s current full-year earnings is $2.13 per share.

A number of other analysts have also weighed in on the company. Stephens raised their target price on Veritex from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods cut shares of Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday. StockNews.com downgraded shares of Veritex from a “hold” rating to a “sell” rating in a research note on Tuesday. Raymond James raised shares of Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, September 17th. Finally, Piper Sandler boosted their price objective on shares of Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Veritex currently has an average rating of “Moderate Buy” and an average price target of $29.40.

Veritex Trading Down 1.5 %

Shares of VBTX opened at $27.47 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 15.97 and a beta of 1.37. The stock has a fifty day moving average price of $25.18 and a two-hundred day moving average price of $22.54. Veritex has a 52-week low of $15.93 and a 52-week high of $28.46.

Veritex (NASDAQ:VBTX) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $113.17 million during the quarter, compared to analysts’ expectations of $110.22 million. Veritex had a net margin of 11.11% and a return on equity of 7.88%. Veritex’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share.

Institutional Trading of Veritex

A number of institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. bought a new stake in Veritex in the second quarter valued at about $25,000. Fidelis Capital Partners LLC acquired a new stake in shares of Veritex in the 1st quarter valued at approximately $29,000. CWM LLC boosted its stake in Veritex by 1,302.9% during the 2nd quarter. CWM LLC now owns 3,339 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 3,101 shares during the last quarter. Point72 DIFC Ltd grew its holdings in Veritex by 16.5% during the second quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 816 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Veritex in the first quarter worth $177,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 2.91%. Veritex’s dividend payout ratio is currently 46.51%.

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.