Equities Analysts Issue Forecasts for Veritex Q1 Earnings

Veritex Holdings, Inc. (NASDAQ:VBTX) – Analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Veritex in a research note issued to investors on Thursday, January 30th. DA Davidson analyst G. Tenner forecasts that the financial services provider will post earnings per share of $0.48 for the quarter. DA Davidson has a “Buy” rating and a $34.00 price target on the stock. The consensus estimate for Veritex’s current full-year earnings is $2.24 per share. DA Davidson also issued estimates for Veritex’s FY2025 earnings at $2.43 EPS.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.63%.

A number of other research firms have also weighed in on VBTX. Stephens decreased their target price on shares of Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods lowered Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th. Piper Sandler upped their target price on Veritex from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Raymond James dropped their price target on Veritex from $32.00 to $31.00 and set a “strong-buy” rating for the company in a research report on Thursday. Finally, StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Veritex currently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Veritex Trading Down 0.0 %

Shares of VBTX opened at $26.80 on Friday. Veritex has a twelve month low of $18.08 and a twelve month high of $31.62. The stock has a market cap of $1.46 billion, a PE ratio of 13.74 and a beta of 1.38. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $27.91 and its 200-day moving average price is $26.34.

Veritex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 2.99%. Veritex’s payout ratio is 41.03%.

Insiders Place Their Bets

In other Veritex news, Director John Sughrue sold 16,820 shares of the 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 completion of the sale, the director now owns 62,643 shares of the company’s stock, valued at $1,894,950.75. This represents a 21.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.60% of the company’s stock.

Institutional Trading of Veritex

Institutional investors have recently modified their holdings of the company. Basswood Capital Management L.L.C. bought a new position in Veritex in the 3rd quarter worth $11,139,000. Assenagon Asset Management S.A. boosted its position in shares of Veritex by 67.6% during the third quarter. Assenagon Asset Management S.A. now owns 807,294 shares of the financial services provider’s stock valued at $21,248,000 after purchasing an additional 325,569 shares in the last quarter. AQR Capital Management LLC grew its stake in Veritex by 66.5% in the second quarter. AQR Capital Management LLC now owns 424,106 shares of the financial services provider’s stock worth $8,944,000 after purchasing an additional 169,448 shares during the period. Stieven Capital Advisors L.P. raised its holdings in Veritex by 39.0% in the third quarter. Stieven Capital Advisors L.P. now owns 561,636 shares of the financial services provider’s stock worth $14,782,000 after purchasing an additional 157,571 shares in the last quarter. Finally, Raymond James & Associates purchased a new position in Veritex during the third quarter valued at $3,971,000. 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.