What is DA Davidson’s Estimate for Veritex FY2025 Earnings?

Veritex Holdings, Inc. (NASDAQ:VBTX) – Equities researchers at DA Davidson boosted their FY2025 EPS estimates for shares of Veritex in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $2.27 per share for the year, up from their prior estimate of $2.24. DA Davidson has a “Buy” rating and a $33.00 price objective on the stock. The consensus estimate for Veritex’s current full-year earnings is $2.17 per share.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Veritex had a return on equity of 7.79% and a net margin of 11.11%. The company had revenue of $113.17 million for the quarter, compared to analyst estimates of $110.22 million. During the same quarter in the previous year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods lowered shares of Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. 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. Finally, Piper Sandler upped their price target on Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.40.

Veritex Trading Up 4.0 %

Shares of VBTX stock opened at $27.73 on Friday. The business’s fifty day moving average price is $28.84 and its 200 day moving average price is $25.09. The firm has a market capitalization of $1.51 billion, a PE ratio of 17.78 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.95. Veritex has a 1-year low of $18.08 and a 1-year high of $31.62.

Institutional Trading of Veritex

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sippican Capital Advisors increased its holdings in shares of Veritex by 0.4% in the 3rd quarter. Sippican Capital Advisors now owns 99,230 shares of the financial services provider’s stock valued at $2,612,000 after acquiring an additional 400 shares during the last quarter. Louisiana State Employees Retirement System increased 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 valued at $578,000 after purchasing an additional 500 shares during the last quarter. Franklin Resources Inc. increased its stake in Veritex by 1.0% during the third quarter. Franklin Resources Inc. now owns 73,421 shares of the financial services provider’s stock valued at $1,920,000 after purchasing an additional 701 shares during the last quarter. Point72 DIFC Ltd raised its holdings in shares of 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 period. Finally, Meeder Asset Management Inc. bought a new position in shares of Veritex in the 2nd quarter worth about $25,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

Insiders Place Their Bets

In related news, Director John Sughrue sold 16,820 shares of Veritex stock in a transaction on Monday, November 11th. The shares were sold at an average price of $30.25, for a total transaction of $508,805.00. Following the transaction, the director now owns 62,643 shares in the company, valued at approximately $1,894,950.75. The trade was a 21.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Malcolm Holland III sold 12,777 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $27.69, for a total transaction of $353,795.13. Following the completion of the sale, the chief executive officer now directly owns 224,132 shares of the company’s stock, valued at $6,206,215.08. This trade represents a 5.39 % decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Veritex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Friday, November 8th. Veritex’s dividend payout ratio (DPR) is presently 51.28%.

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.