Research Analysts Set Expectations for Veritex Q4 Earnings

Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) - Investment analysts at DA Davidson issued their Q4 2024 earnings estimates for Veritex in a research note issued to investors on Thursday, October 24th. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings per share of $0.56 for the quarter. DA Davidson has a "Buy" rating and a $33.00 price target on the stock. The consensus estimate for Veritex's current full-year earnings is $2.13 per share.

Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.04. Veritex had a return on equity of 7.88% and a net margin of 11.11%. The company had revenue of $113.17 million during the quarter, compared to the consensus estimate of $110.22 million. During the same quarter in the prior year, the company posted $0.60 EPS. The firm's revenue was up 3.8% on a year-over-year basis.

A number of other analysts have also commented on the stock. StockNews.com lowered shares of Veritex from a "hold" rating to a "sell" rating in a report on Tuesday. Raymond James raised Veritex from a "market perform" rating to a "strong-buy" rating and set a $30.00 price objective for the company in a research report on Tuesday, September 17th. Stephens increased their target price on shares of Veritex from $24.00 to $27.00 and gave the stock an "equal weight" rating in a report on Thursday, July 25th. Piper Sandler upped their target price on Veritex from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Keefe, Bruyette & Woods downgraded Veritex from an "outperform" rating to a "market perform" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

Veritex Price Performance

Shares of VBTX stock traded down $0.39 during mid-day trading on Friday, reaching $27.08. The company's stock had a trading volume of 244,033 shares, compared to its average volume of 402,922. Veritex has a 1-year low of $16.84 and a 1-year high of $28.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $1.48 billion, a P/E ratio of 15.75 and a beta of 1.37. The firm's 50-day moving average is $25.27 and its two-hundred day moving average is $22.57.

Veritex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.20 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.95%. Veritex's dividend payout ratio is presently 46.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Veritex by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,795,336 shares of the financial services provider's stock worth $77,766,000 after buying an additional 23,222 shares during the period. Dimensional Fund Advisors LP raised its stake in Veritex by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,445,102 shares of the financial services provider's stock valued at $51,566,000 after buying an additional 299,562 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Veritex by 1.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,968,608 shares of the financial services provider's stock worth $41,518,000 after buying an additional 37,617 shares during the last quarter. Westwood Holdings Group Inc. increased its position in Veritex by 16.4% during the first quarter. Westwood Holdings Group Inc. now owns 1,668,743 shares of the financial services provider's stock valued at $34,193,000 after acquiring an additional 235,154 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Veritex by 11.7% in the second quarter. American Century Companies Inc. now owns 827,202 shares of the financial services provider's stock worth $17,446,000 after buying an additional 86,327 shares during the last quarter. Institutional investors own 88.31% of the company's stock.

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.