DA Davidson Equities Analysts Lift Earnings Estimates for Veritex Holdings, Inc. (NASDAQ:VBTX)

Veritex Holdings, Inc. (NASDAQ:VBTX) – Equities researchers at DA Davidson increased their FY2025 earnings per share estimates for shares of Veritex in a report released on Wednesday, April 17th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $2.47 per share for the year, up from their previous forecast of $2.37. The consensus estimate for Veritex’s current full-year earnings is $2.22 per share.

Veritex (NASDAQ:VBTX) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). The business had revenue of $77.74 million for the quarter, compared to analyst estimates of $110.67 million. Veritex had a return on equity of 9.47% and a net margin of 14.51%. The company’s quarterly revenue was down 35.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share.

Several other analysts have also recently commented on VBTX. Piper Sandler boosted their price target on Veritex from $23.50 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. StockNews.com cut Veritex from a “hold” rating to a “sell” rating in a research report on Tuesday. Keefe, Bruyette & Woods dropped their price target on Veritex from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. Finally, Stephens reiterated an “equal weight” rating and set a $24.00 price target on shares of Veritex in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Veritex presently has an average rating of “Hold” and a consensus target price of $24.13.

Veritex Trading Up 3.6 %

Shares of VBTX stock opened at $20.02 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.97 and a quick ratio of 0.96. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 10.11 and a beta of 1.34. The stock has a 50 day simple moving average of $19.85 and a 200-day simple moving average of $20.21. Veritex has a 1-year low of $14.88 and a 1-year high of $24.46.

Veritex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Thursday, February 8th. Veritex’s payout ratio is currently 40.40%.

Institutional Trading of Veritex

Several large investors have recently added to or reduced their stakes in VBTX. Raymond James & Associates grew its holdings in Veritex by 13.3% in the 1st quarter. Raymond James & Associates now owns 7,964 shares of the financial services provider’s stock valued at $304,000 after buying an additional 933 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Veritex by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 582,539 shares of the financial services provider’s stock valued at $22,236,000 after buying an additional 2,318 shares in the last quarter. Citigroup Inc. grew its holdings in Veritex by 12.3% in the 1st quarter. Citigroup Inc. now owns 43,767 shares of the financial services provider’s stock valued at $1,670,000 after buying an additional 4,799 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Veritex by 788.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,321 shares of the financial services provider’s stock valued at $700,000 after buying an additional 16,259 shares in the last quarter. Finally, Natixis Advisors L.P. purchased a new stake in Veritex in the 1st quarter valued at $384,000. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

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.