Veritex (NASDAQ:VBTX) Posts Earnings Results

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

Veritex Trading Up 0.4 %

Shares of NASDAQ VBTX traded up $0.09 during trading hours on Wednesday, reaching $20.86. The stock had a trading volume of 99,909 shares, compared to its average volume of 421,322. Veritex has a 52-week low of $14.88 and a 52-week high of $24.46. The business’s fifty day moving average price is $19.86 and its two-hundred day moving average price is $20.28. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 10.31 and a beta of 1.34. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22.

Wall Street Analyst Weigh In

Several research firms have issued reports on VBTX. Keefe, Bruyette & Woods reduced their price target on Veritex from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. 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 increased their target price on shares of Veritex from $23.50 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, StockNews.com downgraded shares of Veritex from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.