Veritex (VBTX) to Release Earnings on Tuesday

Veritex (NASDAQ:VBTX) will likely be issuing its quarterly earnings data after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.51 per share and revenue of $110.73 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Veritex (NASDAQ:VBTX) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Veritex had a return on equity of 7.59% and a net margin of 13.44%. On average, analysts expect Veritex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Veritex Trading Up 1.4 %

VBTX opened at $21.79 on Monday. Veritex has a 12-month low of $18.74 and a 12-month high of $31.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.94. The stock has a market capitalization of $1.19 billion, a PE ratio of 11.17 and a beta of 1.11. The firm’s fifty day moving average price is $24.20 and its 200 day moving average price is $26.51.

Veritex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Friday, February 14th. Veritex’s payout ratio is currently 41.03%.

Analyst Ratings Changes

A number of equities analysts recently commented on VBTX shares. Stephens decreased their price target on Veritex from $34.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. DA Davidson reiterated a “buy” rating and issued a $34.00 price target on shares of Veritex in a report on Monday, March 17th. Raymond James lowered Veritex from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $31.00 to $28.00 in a research report on Wednesday, April 2nd. Finally, Hovde Group raised shares of Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price objective for the company in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.90.

Veritex Company Profile

Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.