Veritex Holdings, Inc. Declares Quarterly Dividend of $0.20 (NASDAQ:VBTX)

Veritex Holdings, Inc. (NASDAQ:VBTX) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.20 per share by the financial services provider on Friday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Friday, February 14th.

Veritex has raised its dividend by an average of 2.6% annually over the last three years. Veritex has a payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Veritex to earn $2.24 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 35.7%.

Veritex Trading Down 0.7 %

Shares of NASDAQ:VBTX opened at $26.75 on Thursday. Veritex has a 52 week low of $18.08 and a 52 week high of $31.62. The company’s 50 day moving average is $28.01 and its two-hundred day moving average is $26.33. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.46 billion, a PE ratio of 17.15 and a beta of 1.38.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Veritex had a net margin of 11.11% and a return on equity of 7.79%. Equities analysts predict that Veritex will post 2.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VBTX shares. Piper Sandler increased their target price on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. DA Davidson increased their target price on shares of Veritex from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods downgraded shares of Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Insider Buying and Selling

In other news, Director John Sughrue sold 16,820 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $30.25, for a total value of $508,805.00. Following the completion of the sale, the director now owns 62,643 shares in the company, valued at approximately $1,894,950.75. This trade represents a 21.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.60% of the stock is owned by company insiders.

About Veritex

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.