Wall Street brokerages predict that Veritex Holdings Inc (NASDAQ:VBTX) will report sales of $30.73 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Veritex’s earnings. The highest sales estimate is $31.60 million and the lowest is $30.30 million. Veritex posted sales of $28.05 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.6%. The business is expected to report its next earnings report on Monday, February 4th.

According to Zacks, analysts expect that Veritex will report full year sales of $121.40 million for the current fiscal year, with estimates ranging from $115.50 million to $125.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $315.97 million, with estimates ranging from $289.70 million to $339.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Veritex.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). The business had revenue of $31.69 million during the quarter, compared to analyst estimates of $30.50 million. Veritex had a net margin of 23.12% and a return on equity of 6.83%.

A number of research firms have commented on VBTX. BidaskClub lowered shares of Veritex from a “hold” rating to a “sell” rating in a research note on Thursday, September 20th. Raymond James began coverage on shares of Veritex in a research note on Tuesday, October 2nd. They issued an “outperform” rating and a $33.00 price objective on the stock. ValuEngine upgraded shares of Veritex from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Stephens set a $39.00 price objective on shares of Veritex and gave the company a “buy” rating in a research note on Monday, October 22nd. Finally, Zacks Investment Research lowered shares of Veritex from a “hold” rating to a “strong sell” rating in a research note on Friday, October 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $34.00.

NASDAQ VBTX traded up $0.49 during trading on Monday, reaching $23.57. The company’s stock had a trading volume of 287,343 shares, compared to its average volume of 224,118. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $559.16 million, a PE ratio of 24.81, a P/E/G ratio of 2.00 and a beta of 1.55. Veritex has a twelve month low of $20.99 and a twelve month high of $33.08.

In other news, CEO C Malcolm Holland III sold 3,750 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $25.62, for a total transaction of $96,075.00. Following the transaction, the chief executive officer now directly owns 93,046 shares in the company, valued at $2,383,838.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in Veritex during the third quarter worth about $7,735,000. Vanguard Group Inc. boosted its holdings in Veritex by 1.1% during the third quarter. Vanguard Group Inc. now owns 958,672 shares of the financial services provider’s stock worth $27,092,000 after buying an additional 10,274 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Veritex by 6.9% during the third quarter. TIAA CREF Investment Management LLC now owns 48,786 shares of the financial services provider’s stock worth $1,379,000 after buying an additional 3,155 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Veritex by 6.0% during the third quarter. Teachers Advisors LLC now owns 41,106 shares of the financial services provider’s stock worth $1,162,000 after buying an additional 2,321 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in Veritex during the third quarter worth about $112,000. Institutional investors and hedge funds own 77.94% of the company’s stock.

About Veritex

Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.

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Earnings History and Estimates for Veritex (NASDAQ:VBTX)

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