Veritex Holdings Inc (NASDAQ:VBTX) announced a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Shareholders of record on Thursday, May 9th will be paid a dividend of 0.125 per share by the financial services provider on Thursday, May 23rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, May 8th.

Shares of VBTX stock traded up $0.03 during mid-day trading on Tuesday, reaching $25.94. The stock had a trading volume of 490,439 shares, compared to its average volume of 376,537. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. Veritex has a one year low of $20.34 and a one year high of $33.08. The company has a market capitalization of $1.43 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.48 and a beta of 1.71.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. Veritex had a return on equity of 7.86% and a net margin of 25.19%. The company had revenue of $81.40 million during the quarter, compared to the consensus estimate of $78.50 million. Sell-side analysts predict that Veritex will post 2.53 earnings per share for the current fiscal year.

A number of analysts have commented on the company. Stephens reiterated a “buy” rating and issued a $32.00 price objective on shares of Veritex in a research report on Tuesday. ValuEngine upgraded Veritex from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. BidaskClub upgraded Veritex from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Zacks Investment Research upgraded Veritex from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Veritex has an average rating of “Buy” and an average price target of $32.25.

In related news, Director Mark C. Griege bought 25,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $26.00 per share, with a total value of $650,000.00. Following the acquisition, the director now owns 66,262 shares in the company, valued at approximately $1,722,812. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gordon Huddleston bought 1,000 shares of the company’s stock in a transaction dated Thursday, January 31st. The stock was bought at an average cost of $26.04 per share, with a total value of $26,040.00. The disclosure for this purchase can be found here. Corporate insiders own 4.70% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Veritex Holdings Inc (VBTX) Announces Quarterly Dividend of $0.13” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/veritex-holdings-inc-vbtx-announces-quarterly-dividend-of-0-13/2982768.html.

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.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

Receive News & Ratings for Veritex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritex and related companies with MarketBeat.com's FREE daily email newsletter.