Analysts predict that Veritex Holdings Inc (NASDAQ:VBTX) will post $30.50 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Veritex’s earnings, with estimates ranging from $29.40 million to $31.10 million. Veritex posted sales of $21.11 million in the same quarter last year, which suggests a positive year over year growth rate of 44.5%. The firm is expected to report its next quarterly earnings report on Monday, October 22nd.

On average, analysts expect that Veritex will report full year sales of $121.63 million for the current financial year, with estimates ranging from $115.70 million to $124.60 million. For the next financial year, analysts anticipate that the business will report sales of $320.03 million, with estimates ranging from $295.10 million to $344.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Veritex.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $30.22 million during the quarter, compared to analyst estimates of $29.60 million. Veritex had a return on equity of 6.53% and a net margin of 23.09%.

Several equities analysts have recently issued reports on the company. Raymond James assumed coverage on Veritex in a research report on Tuesday. They issued an “outperform” rating and a $33.00 price target for the company. BidaskClub lowered Veritex from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. Zacks Investment Research lowered Veritex from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. Finally, Sandler O’Neill reaffirmed a “buy” rating and issued a $37.00 price target on shares of Veritex in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $33.75.

In other Veritex news, CEO C Malcolm Holland III sold 3,750 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $30.60, for a total value of $114,750.00. Following the completion of the transaction, the chief executive officer now owns 92,252 shares of the company’s stock, valued at approximately $2,822,911.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.70% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of VBTX. Schwab Charles Investment Management Inc. raised its position in Veritex by 20.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 82,613 shares of the financial services provider’s stock worth $2,286,000 after buying an additional 13,882 shares during the last quarter. Northern Trust Corp raised its position in Veritex by 4.5% in the 1st quarter. Northern Trust Corp now owns 189,810 shares of the financial services provider’s stock worth $5,252,000 after buying an additional 8,147 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Veritex by 36.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 639,768 shares of the financial services provider’s stock worth $17,702,000 after buying an additional 170,247 shares during the last quarter. Russell Investments Group Ltd. raised its position in Veritex by 100.8% in the 1st quarter. Russell Investments Group Ltd. now owns 40,640 shares of the financial services provider’s stock worth $1,125,000 after buying an additional 20,399 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Veritex in the 1st quarter worth about $363,000. 73.26% of the stock is owned by institutional investors and hedge funds.

Shares of VBTX traded up $1.66 during trading hours on Friday, hitting $30.47. The company had a trading volume of 1,786,441 shares, compared to its average volume of 171,681. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $683.39 million, a PE ratio of 32.07, a P/E/G ratio of 1.59 and a beta of 1.40. Veritex has a 52-week low of $25.26 and a 52-week high of $33.08.

Veritex Company Profile

Veritex Holdings, Inc operates as the holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company's deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.

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Earnings History and Estimates for Veritex (NASDAQ:VBTX)

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