Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) - Stock analysts at DA Davidson issued their FY2026 earnings estimates for Veritex in a research note issued to investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner anticipates that the financial services provider will post earnings of $2.43 per share for the year. DA Davidson has a "Buy" rating and a $34.00 price target on the stock. The consensus estimate for Veritex's current full-year earnings is $2.26 per share.
Veritex (NASDAQ:VBTX - Get Free Report) last announced its quarterly 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 return on equity of 7.59% and a net margin of 13.44%.
VBTX has been the topic of a number of other reports. Raymond James lowered Veritex from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Stephens lowered their target price on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. Finally, Hovde Group raised shares of Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price target on the stock in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Veritex has an average rating of "Moderate Buy" and a consensus target price of $30.90.
Get Our Latest Research Report on Veritex
Veritex Trading Up 0.1 %
VBTX stock traded up $0.01 during midday trading on Thursday, hitting $21.25. The stock had a trading volume of 96,964 shares, compared to its average volume of 384,206. The company's 50-day moving average price is $25.38 and its 200 day moving average price is $26.84. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a market cap of $1.16 billion, a PE ratio of 10.86 and a beta of 1.11. Veritex has a 12-month low of $18.74 and a 12-month high of $31.62.
Veritex Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend was Friday, February 14th. Veritex's dividend payout ratio is presently 41.03%.
Institutional Trading of Veritex
A number of institutional investors have recently added to or reduced their stakes in VBTX. Charles Schwab Investment Management Inc. lifted its stake in shares of Veritex by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 732,865 shares of the financial services provider's stock worth $19,289,000 after purchasing an additional 12,286 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Veritex by 37.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 56,559 shares of the financial services provider's stock worth $1,489,000 after acquiring an additional 15,403 shares during the period. Verition Fund Management LLC boosted its holdings in Veritex by 748.1% in the 3rd quarter. Verition Fund Management LLC now owns 125,249 shares of the financial services provider's stock worth $3,297,000 after acquiring an additional 110,480 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in Veritex by 295.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,438 shares of the financial services provider's stock valued at $196,000 after acquiring an additional 5,559 shares in the last quarter. Finally, Centiva Capital LP raised its stake in shares of Veritex by 69.1% during the third quarter. Centiva Capital LP now owns 16,589 shares of the financial services provider's stock valued at $437,000 after purchasing an additional 6,781 shares during the period. 88.31% of the stock is owned by hedge funds and other institutional investors.
About Veritex
(
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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.
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