DA Davidson Forecasts Veritex's Q1 Earnings (NASDAQ:VBTX)

Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) - Research analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Veritex in a note issued to investors on Thursday, January 30th. DA Davidson analyst G. Tenner expects that the financial services provider will earn $0.48 per share for the quarter. DA Davidson has a "Buy" rating and a $34.00 price objective on the stock. The consensus estimate for Veritex's current full-year earnings is $2.25 per share. DA Davidson also issued estimates for Veritex's FY2025 earnings at $2.43 EPS.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). Veritex had a return on equity of 7.59% and a net margin of 13.44%.

A number of other research firms have also recently commented on VBTX. StockNews.com raised shares of Veritex from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Stephens cut their target price on shares of Veritex from $34.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lowered shares of Veritex from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 24th. Raymond James cut their price objective on shares of Veritex from $32.00 to $31.00 and set a "strong-buy" rating for the company in a report on Thursday, January 30th. Finally, Hovde Group upgraded Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price on the stock in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Veritex currently has an average rating of "Moderate Buy" and a consensus target price of $31.50.

Veritex Stock Performance

Shares of NASDAQ:VBTX traded up $0.73 during midday trading on Friday, reaching $26.85. The company had a trading volume of 99,663 shares, compared to its average volume of 452,249. The stock has a market cap of $1.46 billion, a P/E ratio of 13.75 and a beta of 1.38. The company's 50 day moving average price is $27.74 and its 200 day moving average price is $26.41. The company has a current ratio of 0.95, a quick ratio of 0.94 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.

Institutional Investors Weigh In On Veritex

Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in shares of Veritex during the 2nd quarter valued at about $730,000. Marshall Wace LLP purchased a new position in shares of Veritex during the second quarter worth approximately $2,531,000. AQR Capital Management LLC lifted its holdings in shares of Veritex by 66.5% in the 2nd quarter. AQR Capital Management LLC now owns 424,106 shares of the financial services provider's stock worth $8,944,000 after acquiring an additional 169,448 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Veritex by 56.2% in the 2nd quarter. Millennium Management LLC now owns 292,499 shares of the financial services provider's stock valued at $6,169,000 after purchasing an additional 105,261 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Veritex by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,684 shares of the financial services provider's stock worth $563,000 after purchasing an additional 1,605 shares during the period. Hedge funds and other institutional investors own 88.31% of the company's stock.

Insider Activity at Veritex

In other news, Director John Sughrue sold 16,820 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $30.25, for a total value of $508,805.00. Following the transaction, the director now owns 62,643 shares of the company's stock, valued at $1,894,950.75. This represents a 21.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.60% of the stock is owned by corporate insiders.

Veritex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.98%. Veritex's dividend payout ratio (DPR) is presently 41.03%.

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.