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

Veritex Holdings, Inc. (NASDAQ:VBTX) – Investment analysts at DA Davidson boosted their FY2025 EPS estimates for shares of Veritex in a research 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.

VBTX has been the subject of several other reports. StockNews.com lowered shares of Veritex from a “hold” rating to a “sell” rating in a report on Tuesday. Piper Sandler increased their price objective on shares of Veritex from $23.50 to $25.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods cut their price objective on shares of Veritex from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. Finally, Stephens reaffirmed an “equal weight” rating and set a $24.00 price objective on shares of Veritex in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.13.

Veritex Trading Up 0.2 %

Veritex stock opened at $19.32 on Thursday. The firm has a 50 day moving average of $19.86 and a 200 day moving average of $20.19. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 9.76 and a beta of 1.34. Veritex has a 12-month low of $14.88 and a 12-month high of $24.46. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ziegler Capital Management LLC bought a new position in shares of Veritex during the 4th quarter valued at approximately $3,443,000. Assenagon Asset Management S.A. bought a new stake in Veritex in the third quarter worth $1,012,000. Victory Capital Management Inc. lifted its position in Veritex by 33.1% in the third quarter. Victory Capital Management Inc. now owns 1,722,331 shares of the financial services provider’s stock worth $30,916,000 after buying an additional 427,922 shares during the last quarter. AQR Capital Management LLC lifted its position in Veritex by 334.0% in the third quarter. AQR Capital Management LLC now owns 242,809 shares of the financial services provider’s stock worth $4,358,000 after buying an additional 186,857 shares during the last quarter. Finally, Vest Financial LLC bought a new stake in Veritex in the fourth quarter worth $240,000. 88.31% of the stock is currently owned by institutional investors.

Veritex Announces Dividend

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

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.