Wall Street analysts predict that Veritex Holdings Inc (NASDAQ:VBTX) will report sales of $81.13 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Veritex’s earnings, with estimates ranging from $78.40 million to $82.60 million. Veritex reported sales of $30.22 million during the same quarter last year, which indicates a positive year-over-year growth rate of 168.5%. The company is scheduled to issue its next earnings report on Monday, July 22nd.

According to Zacks, analysts expect that Veritex will report full year sales of $327.70 million for the current fiscal year, with estimates ranging from $316.90 million to $333.30 million. For the next financial year, analysts expect that the company will post sales of $351.77 million, with estimates ranging from $348.40 million to $355.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Veritex.

Veritex (NASDAQ:VBTX) last posted its earnings results on Monday, April 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $81.40 million during the quarter, compared to analyst estimates of $78.50 million. Veritex had a net margin of 16.31% and a return on equity of 9.11%.

A number of brokerages have recently weighed in on VBTX. Zacks Investment Research raised shares of Veritex from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Friday, March 1st. BidaskClub raised shares of Veritex from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. ValuEngine raised shares of Veritex from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th. Finally, Stephens reaffirmed a “buy” rating and issued a $32.00 price target on shares of Veritex in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $32.25.

In related news, CEO C Malcolm Holland III sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $28.11, for a total value of $105,412.50. Following the sale, the chief executive officer now directly owns 104,277 shares in the company, valued at approximately $2,931,226.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark C. Griege bought 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $26.00 per share, for a total transaction of $650,000.00. Following the completion of the acquisition, the director now directly owns 66,262 shares in the company, valued at $1,722,812. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 51,571 shares of company stock valued at $1,336,096. Company insiders own 4.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VBTX. BlackRock Inc. raised its holdings in shares of Veritex by 92.6% in the 1st quarter. BlackRock Inc. now owns 6,644,367 shares of the financial services provider’s stock worth $160,929,000 after purchasing an additional 3,195,158 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Veritex by 115.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,996,988 shares of the financial services provider’s stock worth $48,368,000 after purchasing an additional 1,068,351 shares in the last quarter. Mendon Capital Advisors Corp raised its holdings in shares of Veritex by 112.8% during the fourth quarter. Mendon Capital Advisors Corp now owns 1,591,930 shares of the financial services provider’s stock valued at $34,035,000 after acquiring an additional 843,754 shares during the period. First Manhattan Co. acquired a new stake in shares of Veritex during the first quarter valued at approximately $12,722,000. Finally, Marshall Wace LLP acquired a new stake in shares of Veritex during the first quarter valued at approximately $10,402,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Shares of NASDAQ:VBTX opened at $26.12 on Friday. The company has a market capitalization of $1.38 billion, a PE ratio of 14.20, a P/E/G ratio of 1.44 and a beta of 1.72. Veritex has a twelve month low of $20.34 and a twelve month high of $33.08. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.27.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, May 8th. Veritex’s dividend payout ratio is currently 27.17%.

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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