DA Davidson Analysts Boost Earnings Estimates for Veritex Holdings, Inc. (NASDAQ:VBTX)

Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) - Stock analysts at DA Davidson boosted their Q3 2024 earnings per share (EPS) estimates for shares of Veritex in a report released on Thursday, August 29th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings per share of $0.58 for the quarter, up from their prior forecast of $0.57. DA Davidson currently has a "Buy" rating and a $29.00 target price on the stock. The consensus estimate for Veritex's current full-year earnings is $2.14 per share.

Get Veritex alerts:

Veritex (NASDAQ:VBTX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). The company had revenue of $106.81 million for the quarter, compared to analyst estimates of $108.39 million. Veritex had a return on equity of 7.97% and a net margin of 11.52%. The company's quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share.

Several other research firms also recently commented on VBTX. Piper Sandler upped their price objective on shares of Veritex from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Thursday, July 25th. StockNews.com raised shares of Veritex from a "sell" rating to a "hold" rating in a report on Wednesday, May 29th. Finally, Stephens lifted their price objective on shares of Veritex from $24.00 to $27.00 and gave the company an "equal weight" rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Veritex presently has an average rating of "Moderate Buy" and an average target price of $27.50.

Ad DTI

I want to be very real with you

Listen, I don’t come at my readers this direct very often, but here goes nothing: There is one strategy that has helped change my life and I’d like to think it has changed the lives of some of my readers, too. We’ve had success stories but I won’t even show you here because I don’t want you to get unrealistic expectations since individual results do vary. But the point is, this thing is the real deal. There’s a reason I consider it my flagship, even with all the market advantages I’ve discovered in recent years.

Watch this URGENT training here!

Read Our Latest Stock Report on VBTX

Veritex Stock Performance

Shares of VBTX stock traded up $0.09 during mid-day trading on Friday, reaching $25.19. The stock had a trading volume of 377,350 shares, compared to its average volume of 402,234. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. Veritex has a 1-year low of $15.93 and a 1-year high of $25.84. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 14.65 and a beta of 1.38. The business's fifty day moving average is $22.72 and its 200-day moving average is $21.00.

Veritex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Friday, August 9th. Veritex's dividend payout ratio is presently 46.51%.

Institutional Investors Weigh In On Veritex

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of Veritex during the fourth quarter worth $60,000. Victory Capital Management Inc. boosted its holdings in shares of Veritex by 5.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,816,084 shares of the financial services provider's stock worth $42,260,000 after purchasing an additional 93,753 shares during the last quarter. Solutions 4 Wealth Ltd purchased a new stake in shares of Veritex in the fourth quarter valued at approximately $1,308,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Veritex by 12.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 647,486 shares of the financial services provider's stock valued at $15,067,000 after purchasing an additional 73,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Veritex by 19.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,853,774 shares of the financial services provider's stock worth $43,139,000 after buying an additional 305,980 shares in the last quarter. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

Veritex Company Profile

(Get Free Report)

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.

Should you invest $1,000 in Veritex right now?

Before you consider Veritex, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veritex wasn't on the list.

While Veritex currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here