Veritex (NASDAQ:VBTX) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Veritex (NASDAQ:VBTX) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.06), Briefing.com reports. Veritex had a net margin of 14.51% and a return on equity of 9.47%. The firm had revenue of $191.25 million during the quarter, compared to analysts’ expectations of $109.70 million. During the same quarter in the previous year, the company posted $0.79 EPS.

Veritex Price Performance

VBTX traded down $0.39 during trading on Wednesday, reaching $20.38. The stock had a trading volume of 180,077 shares, compared to its average volume of 421,718. The stock has a market cap of $1.11 billion, a PE ratio of 10.31 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 0.97. Veritex has a one year low of $14.88 and a one year high of $24.46. The business has a 50-day moving average of $19.86 and a 200-day moving average of $20.28.

Wall Street Analyst Weigh In

Several research firms have issued reports on VBTX. Stephens restated an “equal weight” rating and set a $24.00 target price on shares of Veritex in a research report on Monday, April 1st. Piper Sandler upped their price target on shares of Veritex from $23.50 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods decreased their price target on shares of Veritex from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Finally, StockNews.com cut shares of Veritex from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Veritex presently has a consensus rating of “Hold” and an average price target of $24.13.

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.