Equities research analysts expect that Veritex Holdings Inc (NASDAQ:VBTX) will report earnings per share of $0.62 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Veritex’s earnings, with estimates ranging from $0.58 to $0.65. Veritex posted earnings per share of $0.34 during the same quarter last year, which indicates a positive year-over-year growth rate of 82.4%. The business is scheduled to issue its next quarterly earnings report on Monday, October 28th.

On average, analysts expect that Veritex will report full-year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.37 to $2.45. For the next financial year, analysts anticipate that the firm will post earnings of $2.49 per share, with EPS estimates ranging from $2.38 to $2.62. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Veritex.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.04). Veritex had a net margin of 18.42% and a return on equity of 9.83%. The firm had revenue of $77.48 million during the quarter, compared to the consensus estimate of $82.50 million.

A number of analysts recently commented on VBTX shares. BidaskClub cut shares of Veritex from a “sell” rating to a “strong sell” rating in a research report on Friday, August 9th. Zacks Investment Research cut shares of Veritex from a “buy” rating to a “sell” rating in a research report on Saturday, July 13th. Raymond James lowered their price objective on shares of Veritex from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Stephens restated a “buy” rating and issued a $30.00 price objective on shares of Veritex in a research report on Tuesday, July 23rd. Finally, ValuEngine cut shares of Veritex from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Veritex presently has an average rating of “Hold” and an average price target of $29.00.

Shares of VBTX traded up $0.81 during trading hours on Friday, reaching $23.19. The stock had a trading volume of 234,300 shares, compared to its average volume of 284,733. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.49. Veritex has a 52 week low of $20.34 and a 52 week high of $31.31. The firm has a 50-day moving average of $25.16 and a 200 day moving average of $25.89. The company has a market cap of $1.21 billion, a P/E ratio of 12.60 and a beta of 1.55.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, August 7th. Veritex’s dividend payout ratio (DPR) is presently 27.17%.

In other Veritex news, CEO C Malcolm Holland III sold 2,500 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $25.88, for a total transaction of $64,700.00. Following the completion of the transaction, the chief executive officer now owns 101,777 shares in the company, valued at approximately $2,633,988.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Angela Harper sold 1,800 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $25.90, for a total value of $46,620.00. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp increased its holdings in shares of Veritex by 7.4% in the fourth quarter. Northern Trust Corp now owns 288,280 shares of the financial services provider’s stock valued at $6,163,000 after purchasing an additional 19,926 shares during the period. Geode Capital Management LLC increased its holdings in shares of Veritex by 69.4% in the fourth quarter. Geode Capital Management LLC now owns 448,597 shares of the financial services provider’s stock valued at $9,591,000 after purchasing an additional 183,728 shares during the period. Bank of America Corp DE increased its holdings in shares of Veritex by 29.2% in the fourth quarter. Bank of America Corp DE now owns 67,271 shares of the financial services provider’s stock valued at $1,439,000 after purchasing an additional 15,196 shares during the period. Metropolitan Life Insurance Co. NY increased its holdings in shares of Veritex by 356.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,811 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 6,100 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Veritex by 1,223.9% in the fourth quarter. Legal & General Group Plc now owns 51,314 shares of the financial services provider’s stock valued at $1,101,000 after purchasing an additional 47,438 shares during the period. Hedge funds and other institutional investors own 77.66% of the company’s stock.

Veritex Company Profile

Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.

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Earnings History and Estimates for Veritex (NASDAQ:VBTX)

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