Veritex (NASDAQ:VBTX – Get Free Report) released its earnings results on Tuesday. The financial services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04, Yahoo Finance reports. Veritex had a net margin of 11.11% and a return on equity of 7.88%. The firm had revenue of $113.17 million for the quarter, compared to analyst estimates of $110.22 million. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year.
Veritex Trading Up 2.0 %
Shares of VBTX stock opened at $27.88 on Thursday. The business’s 50 day moving average is $25.18 and its two-hundred day moving average is $22.54. Veritex has a twelve month low of $15.93 and a twelve month high of $28.46. The company has a market capitalization of $1.52 billion, a P/E ratio of 17.87 and a beta of 1.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.
Veritex Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.87%. Veritex’s dividend payout ratio is presently 51.28%.
Analyst Upgrades and Downgrades
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About Veritex
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.
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