Veritex (VBTX) Set to Announce Quarterly Earnings on Monday
Veritex (NASDAQ:VBTX) is set to release its earnings data before the market opens on Monday, January 22nd. Analysts expect Veritex to post earnings of $0.29 per share for the quarter.
Veritex (NASDAQ:VBTX) last announced its earnings results on Monday, October 23rd. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $21.11 million during the quarter, compared to analysts’ expectations of $20.80 million. Veritex had a net margin of 21.85% and a return on equity of 5.30%. On average, analysts expect Veritex to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Veritex (VBTX) opened at $29.13 on Friday. The firm has a market cap of $659.76, a price-to-earnings ratio of 30.34, a PEG ratio of 1.69 and a beta of 1.62. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12. Veritex has a 52 week low of $23.84 and a 52 week high of $29.43.
In related news, insider Ned N. Fleming III sold 92,711 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $26.00, for a total value of $2,410,486.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ned N. Fleming III sold 17,289 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $26.09, for a total transaction of $451,070.01. The disclosure for this sale can be found here. Insiders sold 122,370 shares of company stock worth $3,198,144 over the last ninety days. 6.90% of the stock is currently owned by corporate insiders.
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Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.
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