DA Davidson Issues Pessimistic Forecast for Veritex Earnings

Veritex Holdings, Inc. (NASDAQ:VBTX) – Analysts at DA Davidson lowered their FY2025 earnings per share estimates for shares of Veritex in a note issued to investors on Thursday, July 24th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $2.28 per share for the year, down from their prior forecast of $2.30. DA Davidson has a “Buy” rating and a $39.00 price objective on the stock. The consensus estimate for Veritex’s current full-year earnings is $2.26 per share. DA Davidson also issued estimates for Veritex’s FY2026 earnings at $2.40 EPS.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The firm had revenue of $109.83 million during the quarter, compared to the consensus estimate of $110.91 million. Veritex had a return on equity of 7.59% and a net margin of 14.83%. During the same quarter last year, the company posted $0.52 EPS.

VBTX has been the subject of a number of other research reports. The Goldman Sachs Group assumed coverage on Veritex in a research report on Monday, July 14th. They set a “buy” rating for the company. William Blair upgraded Veritex to an “outperform” rating in a research report on Monday, July 14th. Raymond James Financial downgraded Veritex from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Stephens reiterated an “equal weight” rating and set a $30.00 price target on shares of Veritex in a research report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on Veritex from $30.00 to $37.00 and gave the company a “market perform” rating in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.25.

Veritex Stock Performance

Shares of VBTX opened at $32.39 on Monday. The company has a market cap of $1.76 billion, a PE ratio of 15.42 and a beta of 1.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $27.02 and a 200-day moving average price of $25.49. Veritex has a 12-month low of $20.10 and a 12-month high of $33.69.

Institutional Trading of Veritex

Several hedge funds and other institutional investors have recently bought and sold shares of VBTX. Nuveen LLC bought a new stake in Veritex in the first quarter valued at approximately $29,215,000. Millennium Management LLC lifted its position in Veritex by 220.5% in the fourth quarter. Millennium Management LLC now owns 966,391 shares of the financial services provider’s stock valued at $26,247,000 after purchasing an additional 664,885 shares during the last quarter. MetLife Investment Management LLC lifted its position in Veritex by 1,813.1% in the first quarter. MetLife Investment Management LLC now owns 614,873 shares of the financial services provider’s stock valued at $15,353,000 after purchasing an additional 582,733 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new stake in Veritex in the fourth quarter valued at approximately $14,644,000. Finally, Nuveen Asset Management LLC lifted its position in Veritex by 57.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,239,873 shares of the financial services provider’s stock valued at $33,675,000 after purchasing an additional 454,015 shares during the last quarter. Institutional investors own 88.31% of the company’s stock.

Insider Transactions at Veritex

In related news, CEO C Malcolm Holland III sold 63,642 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $32.50, for a total value of $2,068,365.00. Following the completion of the sale, the chief executive officer owned 294,508 shares in the company, valued at $9,571,510. The trade was a 17.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Lavonda Renfro sold 53,411 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $32.38, for a total value of $1,729,448.18. Following the completion of the sale, the chief operating officer owned 60,209 shares of the company’s stock, valued at $1,949,567.42. The trade was a 47.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 300,531 shares of company stock worth $9,724,762. 4.30% of the stock is owned by corporate insiders.

Veritex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a $0.22 dividend. The ex-dividend date is Thursday, August 7th. This represents a $0.88 dividend on an annualized basis and a yield of 2.72%. Veritex’s payout ratio is 41.90%.

About Veritex

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.