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.

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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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