Veritex (VBTX) Expected to Announce Quarterly Earnings on Tuesday

Veritex (NASDAQ:VBTX) will likely be posting its quarterly earnings results after the market closes on Tuesday, April 22nd. Analysts expect Veritex to post earnings of $0.51 per share and revenue of $110.73 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. On average, analysts expect Veritex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Veritex Stock Performance

VBTX stock opened at $21.79 on Monday. The company has a 50-day simple moving average of $24.20 and a 200 day simple moving average of $26.51. The company has a market capitalization of $1.19 billion, a P/E ratio of 11.17 and a beta of 1.11. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. Veritex has a fifty-two week low of $18.74 and a fifty-two week high of $31.62.

Veritex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Friday, February 14th. Veritex’s dividend payout ratio is currently 41.03%.

Wall Street Analyst Weigh In

A number of research firms recently commented on VBTX. Raymond James lowered shares of Veritex from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $31.00 to $28.00 in a research note on Wednesday, April 2nd. DA Davidson reiterated a “buy” rating and set a $34.00 price target on shares of Veritex in a research report on Monday, March 17th. Stephens cut their price objective on Veritex from $34.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Finally, Hovde Group raised Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 target price on the stock in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.90.

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.