FY2025 EPS Estimates for Veritex Holdings, Inc. (NASDAQ:VBTX) Lifted by Analyst

Veritex Holdings, Inc. (NASDAQ:VBTX) – Research analysts at DA Davidson increased their FY2025 earnings per share estimates for shares of Veritex in a note issued to investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $2.47 per share for the year, up from their previous estimate of $2.37. The consensus estimate for Veritex’s current full-year earnings is $2.22 per share.

Other equities research analysts also recently issued research reports about the company. Piper Sandler raised their price objective on Veritex from $23.50 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods decreased their price target on Veritex from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Stephens reiterated an “equal weight” rating and issued a $24.00 price target on shares of Veritex in a research note on Monday, April 1st. Finally, StockNews.com cut Veritex from a “hold” rating to a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Veritex currently has an average rating of “Hold” and a consensus target price of $24.13.

Veritex Price Performance

Shares of VBTX stock opened at $19.32 on Thursday. Veritex has a 1-year low of $14.88 and a 1-year high of $24.46. The stock’s 50-day moving average is $19.86 and its 200 day moving average is $20.19. The company has a market cap of $1.05 billion, a P/E ratio of 9.76 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.97 and a quick ratio of 0.96.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Veritex had a net margin of 14.51% and a return on equity of 9.47%. The company had revenue of $77.74 million for the quarter, compared to the consensus estimate of $110.67 million. During the same period in the previous year, the business earned $0.74 EPS. Veritex’s revenue for the quarter was down 35.4% compared to the same quarter last year.

Veritex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Thursday, February 8th. Veritex’s payout ratio is 40.40%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC purchased a new position in shares of Veritex in the first quarter worth about $33,000. Point72 Hong Kong Ltd purchased a new position in shares of Veritex in the first quarter worth about $41,000. Point72 Middle East FZE purchased a new position in shares of Veritex in the fourth quarter worth about $31,000. Coppell Advisory Solutions Corp. purchased a new position in Veritex during the fourth quarter valued at approximately $41,000. Finally, Quarry LP raised its position in Veritex by 323.2% during the first quarter. Quarry LP now owns 1,676 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 1,280 shares in the last quarter. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

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.