Veritex (VBTX) Stock Price, News & Analysis

Company Overview

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. The company also provides interest rate swap services; and a range of online banking solutions, such as access to account balances, online transfers, online bill payment and electronic delivery of customer statements, and ATMs, as well as mobile banking, mail, and personal appointment. In addition, it offers debit cards, night depository services, direct deposits, cashier's checks, and letters of credit; treasury management services, including balance reporting, transfers between accounts, wire transfer initiation, automated clearinghouse origination, and stop payments; and cash management deposit products and services consisting of lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts. The company operates full-service branches located in the Dallas-Fort Worth metroplex, and the Houston metropolitan area. Veritex Holdings, Inc. was incorporated in 2009 and is headquartered in Dallas, Texas.

Key Stats

• Today's Range: $30.04 to $30.56
• 50-Day Range: $24.85 to $31.26
• 52-Week Range: $18.08 to $31.62
• Volume: 17,295 shs
• Average Volume: 401,018 shs
• Market Capitalization: $1.64 billion
• P/E Ratio: 19.26
• Dividend Yield: 2.66%
• Price Target: $29.40
• Consensus Rating: Moderate Buy

Veritex Stock Analysis - MarketRank™

Veritex scored higher than 80% of companies evaluated by MarketBeat, and ranked 280th out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Veritex has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Veritex has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.76%

Earnings Growth

Earnings for Veritex are expected to grow by 2.76% in the coming year, from $2.17 to $2.23 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Veritex is 20.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Veritex is 20.26, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.94.

Price to Book Value per Share Ratio

Veritex has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.51% of the outstanding shares of Veritex have been sold short.

Short Interest Ratio / Days to Cover

Veritex has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Veritex has recently increased by 13.22%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Veritex pays a meaningful dividend of 2.63%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Veritex does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Veritex is 51.28%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Veritex will have a dividend payout ratio of 35.87% next year. This indicates that Veritex will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.2 / 5
• Environmental Score: -0.71

Percentage of Shares Shorted

2.51% of the outstanding shares of Veritex have been sold short.

Short Interest Ratio / Days to Cover

Veritex has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Veritex has recently increased by 13.22%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.56

News Sentiment

Veritex has a news sentiment score of 1.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Veritex this week, compared to 3 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Veritex insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $862,600.00 in company stock.

Percentage Held by Insiders

Only 4.60% of the stock of Veritex is held by insiders.

Percentage Held by Institutions

88.31% of the stock of Veritex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

VBTX Stock Analysis - Frequently Asked Questions

How have VBTX shares performed this year?

Veritex's stock was trading at $23.27 at the start of the year. Since then, VBTX shares have increased by 35.8% and is now trading at $31.60.
View the best growth stocks for 2024 here.

How were Veritex's earnings last quarter?

Veritex Holdings, Inc. (NASDAQ:VBTX) posted its earnings results on Tuesday, October, 22nd. The financial services provider reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.04. Veritex's revenue was up 3.8% compared to the same quarter last year.

Who are Veritex's major shareholders?

Veritex's top institutional investors include State Street Corp (4.43%), Victory Capital Management Inc. (3.64%), Geode Capital Management LLC (2.38%) and Assenagon Asset Management S.A. (1.48%). Insiders that own company stock include C Malcolm Holland III, Terry Earley, John Sughrue, Pat S Bolin, Gregory B Morrison, Fallon William, Cara Mcdaniel, Gordon Huddleston, Jim Recer and Manuel J Mehos.
View institutional ownership trends.

How do I buy shares of Veritex?

Shares of VBTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Veritex own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Veritex investors own include Waste Connections (WCN), American Water Works (AWK), AUO (AUOTY), DiamondRock Hospitality (DRH), The RMR Group (RMR), Voyager Therapeutics (VYGR) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 10/22/2024
• Ex-Dividend for 11/22 Dividend: 11/08/2024
• Dividend Payable: 11/22/2024
• Today: 12/03/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/28/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: N/A
• Current Symbol: NASDAQ:VBTX
• CUSIP: N/A
• CIK: 1501570
• Web: www.veritexbank.com
• Phone: (972) 349-6200
• Fax: N/A
• Employees: 820
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $29.40
• High Stock Price Target: $33.00
• Low Stock Price Target: $27.00
• Potential Upside/Downside: -3.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.56
• Trailing P/E Ratio: 19.47
• Forward P/E Ratio: 14.00
• P/E Growth: N/A
• Net Income: $108.26 million
• Net Margins: 11.11%
• Pretax Margin: 14.93%
• Return on Equity: 7.79%
• Return on Assets: 0.95%

Debt

• Debt-to-Equity Ratio: 0.14
• Current Ratio: 0.95
• Quick Ratio: 0.95

Sales & Book Value

• Annual Sales: $745.98 million
• Price / Sales: 2.22
• Cash Flow: $2.99 per share
• Price / Cash Flow: 10.15
• Book Value: $29.51 per share
• Price / Book: 1.03

Miscellaneous

• Outstanding Shares: 54,480,000
• Free Float: 51,978,000
• Market Cap: $1.66 billion
• Optionable: Optionable
• Beta: 1.36