Veritex (VBTX) Projected to Post Earnings on Tuesday

Veritex (NASDAQ:VBTX) is expected to announce its earnings results after the market closes on Tuesday, April 22nd. Analysts expect Veritex to post earnings of $0.51 per share and revenue of $110.73 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Veritex (NASDAQ:VBTX) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. On average, analysts expect Veritex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Veritex Stock Performance

Shares of NASDAQ:VBTX opened at $21.12 on Tuesday. Veritex has a twelve month low of $18.74 and a twelve month high of $31.62. The business has a fifty day moving average of $24.64 and a 200-day moving average of $26.62. The firm has a market cap of $1.15 billion, a PE ratio of 10.83 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95.

Veritex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.79%. The ex-dividend date was Friday, February 14th. Veritex’s dividend payout ratio is 41.03%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Raymond James lowered shares of Veritex from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $31.00 to $28.00 in a research note on Wednesday, April 2nd. DA Davidson restated a “buy” rating and issued a $34.00 price target on shares of Veritex in a report on Monday, March 17th. Stephens dropped their price objective on shares of Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Finally, Hovde Group raised Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 target price on the stock in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Veritex currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.90.

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.