Equities Analysts Set Expectations for Veritex Holdings, Inc.’s Q2 2024 Earnings (NASDAQ:VBTX)

Veritex Holdings, Inc. (NASDAQ:VBTX) – Analysts at DA Davidson issued their Q2 2024 earnings estimates for Veritex in a report issued on Thursday, April 25th. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings of $0.51 per share for the quarter. The consensus estimate for Veritex’s current full-year earnings is $2.24 per share.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.06). The business had revenue of $191.25 million during the quarter, compared to the consensus estimate of $109.70 million. Veritex had a return on equity of 8.46% and a net margin of 12.47%. During the same period last year, the business posted $0.79 earnings per share.

A number of other research firms have also recently issued reports on VBTX. StockNews.com upgraded Veritex from a “sell” rating to a “hold” rating in a report on Thursday. Stephens reiterated an “equal weight” rating and set a $24.00 target price on shares of Veritex in a research report on Wednesday. Piper Sandler raised their price target on shares of Veritex from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Veritex from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.38.

Veritex Trading Down 1.1 %

NASDAQ VBTX opened at $20.17 on Friday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 11.73 and a beta of 1.34. The business has a 50 day simple moving average of $19.86 and a 200 day simple moving average of $20.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.96 and a quick ratio of 0.96. Veritex has a one year low of $14.88 and a one year high of $24.46.

Veritex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, May 9th. Veritex’s dividend payout ratio is currently 46.51%.

Institutional Investors Weigh In On Veritex

Several hedge funds and other institutional investors have recently made changes to their positions in VBTX. Cape Investment Advisory Inc. acquired a new position in Veritex during the 4th quarter valued at about $52,000. GAMMA Investing LLC bought a new position in shares of Veritex in the fourth quarter valued at approximately $60,000. Fifth Third Bancorp boosted its position in shares of Veritex by 1,319.3% during the third quarter. Fifth Third Bancorp now owns 3,236 shares of the financial services provider’s stock valued at $58,000 after buying an additional 3,008 shares during the last quarter. Quest Partners LLC bought a new stake in Veritex during the fourth quarter worth $76,000. Finally, TFO Wealth Partners LLC raised its position in Veritex by 363,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,636 shares of the financial services provider’s stock valued at $85,000 after buying an additional 3,635 shares during the last quarter. 88.31% of the stock is owned by institutional investors.

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.