Wall Street analysts expect that Veritex Holdings, Inc. (NASDAQ:VBTX) will announce earnings per share (EPS) of $0.69 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Veritex’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.71. Veritex reported earnings per share of $0.46 during the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The business is expected to report its next quarterly earnings results on Tuesday, October 26th.
According to Zacks, analysts expect that Veritex will report full-year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.54 to $2.63. For the next fiscal year, analysts forecast that the company will report earnings of $2.78 per share, with EPS estimates ranging from $2.74 to $2.81. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Veritex.
Veritex (NASDAQ:VBTX) last released its earnings results on Tuesday, July 27th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01). The business had revenue of $79.59 million during the quarter, compared to the consensus estimate of $77.55 million. Veritex had a net margin of 30.32% and a return on equity of 9.38%.
NASDAQ:VBTX opened at $35.00 on Tuesday. The stock has a market cap of $1.73 billion, a P/E ratio of 16.28 and a beta of 1.75. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.82. The stock’s 50-day moving average is $34.40 and its 200-day moving average is $34.37. Veritex has a 1-year low of $15.52 and a 1-year high of $37.99.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 19th. Stockholders of record on Thursday, August 5th were paid a $0.20 dividend. This is a positive change from Veritex’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, August 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.29%. Veritex’s dividend payout ratio is 51.28%.
In other Veritex news, Director Arcilia Acosta acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 7th. The stock was purchased at an average price of $35.85 per share, for a total transaction of $537,750.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO C Malcolm Holland III sold 5,399 shares of Veritex stock in a transaction dated Wednesday, August 11th. The shares were sold at an average price of $35.01, for a total value of $189,018.99. The disclosure for this sale can be found here. Insiders sold 21,250 shares of company stock worth $745,454 over the last quarter. 4.72% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. South Dakota Investment Council grew its stake in shares of Veritex by 0.3% during the first quarter. South Dakota Investment Council now owns 110,832 shares of the financial services provider’s stock worth $3,626,000 after purchasing an additional 293 shares in the last quarter. Profund Advisors LLC grew its position in shares of Veritex by 6.0% in the second quarter. Profund Advisors LLC now owns 6,687 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 377 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of Veritex by 6.3% in the first quarter. Mutual of America Capital Management LLC now owns 6,600 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 391 shares during the last quarter. Arizona State Retirement System boosted its position in Veritex by 3.1% during the second quarter. Arizona State Retirement System now owns 13,412 shares of the financial services provider’s stock worth $475,000 after acquiring an additional 401 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in Veritex by 1.0% during the first quarter. Stifel Financial Corp now owns 42,720 shares of the financial services provider’s stock worth $1,398,000 after acquiring an additional 432 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors.
Veritex Holdings, Inc engages in the provision of commercial banking products and services to small to medium-sized businesses and professionals. It offers personal and business banking products; mortgages; and treasury services. The company was founded by Charles Malcolm Holland III in June 2009 and is headquartered in Dallas, TX.
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