DA Davidson Analysts Increase Earnings Estimates for Veritex

Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) - Investment analysts at DA Davidson boosted their FY2025 EPS estimates for Veritex in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $2.27 per share for the year, up from their previous estimate of $2.24. DA Davidson currently has a "Buy" rating and a $33.00 target price on the stock. The consensus estimate for Veritex's current full-year earnings is $2.17 per share.

Veritex (NASDAQ:VBTX - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.04. The business had revenue of $113.17 million for the quarter, compared to analyst estimates of $110.22 million. Veritex had a return on equity of 7.79% and a net margin of 11.11%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS.

VBTX has been the subject of a number of other research reports. Raymond James raised shares of Veritex from a "market perform" rating to a "strong-buy" rating and set a $30.00 price target for the company in a research note on Tuesday, September 17th. Piper Sandler upped their target price on shares of Veritex from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods downgraded Veritex from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 24th. Finally, StockNews.com raised Veritex from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.40.

Veritex Price Performance

Shares of VBTX stock traded up $1.06 during trading on Friday, hitting $27.73. The company had a trading volume of 1,600,147 shares, compared to its average volume of 403,006. The stock's 50-day moving average is $28.84 and its two-hundred day moving average is $25.09. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 17.78 and a beta of 1.38. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. Veritex has a 52 week low of $18.08 and a 52 week high of $31.62.

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.88%. The ex-dividend date was Friday, November 8th. Veritex's dividend payout ratio is presently 51.28%.

Insider Buying and Selling at Veritex

In other Veritex news, Director John Sughrue sold 16,820 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $30.25, for a total value of $508,805.00. Following the completion of the sale, the director now owns 62,643 shares in the company, valued at approximately $1,894,950.75. The trade was a 21.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Malcolm Holland III sold 12,777 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $27.69, for a total transaction of $353,795.13. Following the completion of the transaction, the chief executive officer now owns 224,132 shares in the company, valued at $6,206,215.08. This represents a 5.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.60% of the company's stock.

Hedge Funds Weigh In On Veritex

A number of hedge funds have recently modified their holdings of the company. Basswood Capital Management L.L.C. purchased a new stake in shares of Veritex during the third quarter worth about $11,139,000. F M Investments LLC purchased a new stake in shares of Veritex in the 2nd quarter worth about $8,483,000. Assenagon Asset Management S.A. boosted its stake in shares of Veritex by 67.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 807,294 shares of the financial services provider's stock valued at $21,248,000 after purchasing an additional 325,569 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Veritex by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,445,102 shares of the financial services provider's stock worth $51,566,000 after buying an additional 299,562 shares during the period. Finally, Great Lakes Advisors LLC bought a new stake in Veritex during the 2nd quarter valued at approximately $3,908,000. Hedge funds and other institutional investors own 88.31% of the company's stock.

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.