Equities analysts expect Veritex Holdings Inc (NASDAQ:VBTX) to report $0.63 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Veritex’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.59. Veritex reported earnings per share of $0.42 during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The business is scheduled to report its next quarterly earnings report on Monday, July 22nd.

According to Zacks, analysts expect that Veritex will report full-year earnings of $2.53 per share for the current financial year, with EPS estimates ranging from $2.48 to $2.59. For the next fiscal year, analysts forecast that the business will report earnings of $2.68 per share, with EPS estimates ranging from $2.63 to $2.73. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Veritex.

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

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Veritex from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Friday, March 1st. BidaskClub cut shares of Veritex from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Stephens restated a “buy” rating and issued a $32.00 price target on shares of Veritex in a report on Tuesday, April 23rd. Finally, ValuEngine cut shares of Veritex from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Veritex presently has a consensus rating of “Buy” and a consensus target price of $32.25.

In related news, Director Mark C. Griege acquired 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $26.00 per share, with a total value of $650,000.00. Following the transaction, the director now directly owns 66,262 shares of the company’s stock, valued at approximately $1,722,812. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Terry Earley acquired 6,800 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was bought at an average cost of $25.88 per share, with a total value of $175,984.00. Following the completion of the transaction, the chief financial officer now directly owns 23,700 shares in the company, valued at $613,356. The disclosure for this purchase can be found here. Insiders bought a total of 51,571 shares of company stock worth $1,336,096 over the last 90 days. Company insiders own 4.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Veritex by 92.6% during the 1st quarter. BlackRock Inc. now owns 6,644,367 shares of the financial services provider’s stock worth $160,929,000 after buying an additional 3,195,158 shares during the last quarter. Pine Brook Road Advisors LP purchased a new position in Veritex during the 1st quarter worth approximately $76,648,000. Mendon Capital Advisors Corp raised its position in Veritex by 37.5% during the 1st quarter. Mendon Capital Advisors Corp now owns 2,188,735 shares of the financial services provider’s stock worth $53,011,000 after buying an additional 596,805 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Veritex by 115.0% during 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 buying an additional 1,068,351 shares during the last quarter. Finally, RMB Capital Management LLC raised its position in Veritex by 38.4% during the 1st quarter. RMB Capital Management LLC now owns 1,114,862 shares of the financial services provider’s stock worth $27,002,000 after buying an additional 309,164 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Veritex stock traded down $0.40 during midday trading on Friday, hitting $25.43. 221,893 shares of the company’s stock were exchanged, compared to its average volume of 230,606. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.96 and a quick ratio of 0.96. Veritex has a 12 month low of $20.34 and a 12 month high of $33.08. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.46 and a beta of 1.72.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, May 8th. Veritex’s dividend payout ratio is currently 27.17%.

Veritex Company Profile

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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