DA Davidson Has Strong Estimate for Veritex FY2025 Earnings

Veritex Holdings, Inc. (NASDAQ:VBTX) – Equities researchers at DA Davidson lifted their FY2025 EPS estimates for Veritex in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $2.27 for the year, up from their previous estimate of $2.24. DA Davidson has a “Buy” rating and a $33.00 price target on the stock. The consensus estimate for Veritex’s current full-year earnings is $2.17 per share.

A number of other research analysts also recently weighed in on the company. Raymond James raised Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, September 17th. StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lowered shares of Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th. Finally, Piper Sandler boosted their target price on shares of Veritex from $27.00 to $30.00 and gave the stock an “overweight” 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 stock. According to MarketBeat.com, Veritex presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

Veritex Price Performance

Shares of NASDAQ:VBTX opened at $26.67 on Friday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 17.10 and a beta of 1.38. The business has a 50-day moving average of $28.81 and a two-hundred day moving average of $25.04. Veritex has a fifty-two week low of $18.08 and a fifty-two week 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 0.95.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. The business had revenue of $113.17 million during the quarter, compared to analyst estimates of $110.22 million. Veritex had a net margin of 11.11% and a return on equity of 7.79%. Veritex’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS.

Veritex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Friday, November 8th. Veritex’s dividend payout ratio (DPR) is 51.28%.

Insider Activity

In other Veritex news, Director John Sughrue sold 16,820 shares of the firm’s stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. Also, CEO C Malcolm Holland III sold 12,777 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $27.69, for a total transaction of $353,795.13. Following the completion of the sale, the chief executive officer now directly owns 224,132 shares of the company’s stock, valued at approximately $6,206,215.08. This represents a 5.39 % decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is owned by corporate insiders.

Institutional Trading of Veritex

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Veritex by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,445,102 shares of the financial services provider’s stock valued at $51,566,000 after buying an additional 299,562 shares during the period. Victory Capital Management Inc. grew its stake in shares of Veritex by 0.5% during the third quarter. Victory Capital Management Inc. now owns 1,978,219 shares of the financial services provider’s stock worth $52,067,000 after purchasing an additional 9,611 shares during the period. Geode Capital Management LLC increased its holdings in Veritex by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,293,966 shares of the financial services provider’s stock valued at $34,064,000 after purchasing an additional 18,185 shares during the last quarter. American Century Companies Inc. increased its holdings in Veritex by 11.7% in the second quarter. American Century Companies Inc. now owns 827,202 shares of the financial services provider’s stock valued at $17,446,000 after purchasing an additional 86,327 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Veritex by 67.6% in the third quarter. Assenagon Asset Management S.A. now owns 807,294 shares of the financial services provider’s stock valued at $21,248,000 after buying an additional 325,569 shares during the period. 88.31% of the stock is currently owned by institutional investors and hedge funds.

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.