Equities Analysts Offer Predictions for Veritex Q4 Earnings

Veritex Holdings, Inc. (NASDAQ:VBTX) – Analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of Veritex in a research report issued to clients and investors on Thursday, October 24th. DA Davidson analyst G. Tenner anticipates that the financial services provider will earn $0.56 per share for the quarter. DA Davidson currently has a “Buy” rating and a $33.00 target price on the stock. The consensus estimate for Veritex’s current full-year earnings is $2.13 per share.

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

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Veritex from a “hold” rating to a “sell” rating in a research report on Tuesday. Raymond James upgraded shares of Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research report on Tuesday, September 17th. Piper Sandler lifted their price objective on Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday. Stephens boosted their price objective on Veritex from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lowered Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Veritex currently has a consensus rating of “Moderate Buy” and an average price target of $29.40.

Veritex Trading Down 1.4 %

Shares of VBTX stock opened at $27.08 on Friday. The stock has a 50 day simple moving average of $25.27 and a 200-day simple moving average of $22.57. Veritex has a 1-year low of $16.84 and a 1-year high of $28.46. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 15.75 and a beta of 1.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.95 and a quick ratio of 0.95.

Veritex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued 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 payout ratio is 46.51%.

Institutional Investors Weigh In On Veritex

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its stake in Veritex by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 27,400 shares of the financial services provider’s stock worth $578,000 after buying an additional 500 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Veritex by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 47,556 shares of the financial services provider’s stock valued at $974,000 after acquiring an additional 650 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Veritex by 7.4% in the first quarter. ProShare Advisors LLC now owns 10,622 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 728 shares during the period. Point72 DIFC Ltd increased its position in Veritex by 16.5% during the second quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 816 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Veritex during the second quarter worth about $25,000. Institutional investors and hedge funds 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.