Q2 Earnings Forecast for Veritex Issued By DA Davidson

Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) - Equities research analysts at DA Davidson issued their Q2 2025 earnings estimates for Veritex in a research note issued to investors on Thursday, April 24th. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings of $0.56 per share for the quarter. DA Davidson currently has a "Buy" rating and a $32.00 target price on the stock. The consensus estimate for Veritex's current full-year earnings is $2.26 per share. DA Davidson also issued estimates for Veritex's FY2025 earnings at $2.24 EPS and FY2026 earnings at $2.44 EPS.

Other analysts have also recently issued research reports about the stock. Raymond James cut shares of Veritex from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Hovde Group raised shares of Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 target price for the company in a report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price target on Veritex from $33.00 to $30.00 and set a "market perform" rating on the stock in a research note on Thursday. Finally, Stephens reaffirmed an "equal weight" rating and issued a $30.00 price objective on shares of Veritex in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.25.

Veritex Trading Down 0.5 %

NASDAQ:VBTX opened at $23.13 on Friday. Veritex has a 1 year low of $18.74 and a 1 year high of $31.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a fifty day moving average price of $23.87 and a two-hundred day moving average price of $26.42. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 11.86 and a beta of 1.11.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Veritex had a return on equity of 7.59% and a net margin of 13.44%. The business had revenue of $109.73 million during the quarter, compared to the consensus estimate of $110.73 million. During the same period in the prior year, the business posted $0.53 EPS.

Hedge Funds Weigh In On Veritex

A number of institutional investors have recently made changes to their positions in VBTX. Barclays PLC raised its stake in Veritex by 63.8% in the 3rd quarter. Barclays PLC now owns 117,609 shares of the financial services provider's stock valued at $3,095,000 after purchasing an additional 45,787 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Veritex by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,293,966 shares of the financial services provider's stock worth $34,064,000 after buying an additional 18,185 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Veritex by 1.0% during the third quarter. Franklin Resources Inc. now owns 73,421 shares of the financial services provider's stock worth $1,920,000 after buying an additional 701 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Veritex by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider's stock valued at $16,618,000 after buying an additional 122,809 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Veritex by 14.7% during the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock valued at $91,000 after buying an additional 431 shares during the period. 88.31% of the stock is owned by institutional investors and hedge funds.

Veritex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 8th. This is a boost from Veritex's previous quarterly dividend of $0.20. Veritex's dividend payout ratio is 41.03%.

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.

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