Q4 Earnings Forecast for Veritex Issued By DA Davidson

Veritex Holdings, Inc. (NASDAQ:VBTX) – Equities research analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Veritex in a research note issued on Thursday, October 24th. DA Davidson analyst G. Tenner forecasts that the financial services provider will post earnings per share of $0.56 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.

Several other brokerages have also recently weighed in on VBTX. Stephens boosted their target price on Veritex from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Raymond James upgraded Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Tuesday, September 17th. Piper Sandler boosted their target price on Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods cut Veritex from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, StockNews.com cut Veritex from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.40.

Veritex Trading Down 1.4 %

VBTX stock opened at $27.08 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. Veritex has a 12-month low of $16.84 and a 12-month high of $28.46. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 15.74 and a beta of 1.37. The business’s 50-day moving average is $25.36 and its 200 day moving average is $22.62.

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

Hedge Funds Weigh In On Veritex

Several institutional investors have recently modified their holdings of VBTX. Meeder Asset Management Inc. acquired a new position in shares of Veritex in the second quarter worth $25,000. Fidelis Capital Partners LLC acquired a new position in shares of Veritex during the first quarter worth $29,000. CWM LLC grew its stake in shares of Veritex by 1,302.9% during the second quarter. CWM LLC now owns 3,339 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 3,101 shares in the last quarter. Point72 DIFC Ltd grew its stake 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 in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Veritex during the first quarter worth $177,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

Veritex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.20 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.95%. Veritex’s dividend payout ratio (DPR) is 46.51%.

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.