Equities analysts expect Veritex Holdings Inc (NASDAQ:VBTX) to post earnings of $0.63 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Veritex’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.66. Veritex posted earnings of $0.42 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The firm is expected to issue its next earnings report on Monday, July 22nd.

According to Zacks, analysts expect that Veritex will report full year earnings of $2.53 per share for the current financial year, with EPS estimates ranging from $2.48 to $2.59. For the next year, analysts expect that the company will post earnings of $2.68 per share, with EPS estimates ranging from $2.63 to $2.73. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Veritex.

Veritex (NASDAQ:VBTX) last posted its earnings results on Monday, April 22nd. The financial services provider reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The business had revenue of $81.40 million for the quarter, compared to analyst estimates of $78.50 million. Veritex had a net margin of 16.31% and a return on equity of 9.11%.

Several equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Veritex from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Zacks Investment Research downgraded shares of Veritex from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Stephens reaffirmed a “buy” rating and set a $32.00 price target on shares of Veritex in a research note on Tuesday, April 23rd. Finally, BidaskClub raised shares of Veritex from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $32.25.

In other news, CEO C Malcolm Holland III sold 3,750 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $28.11, for a total value of $105,412.50. Following the completion of the sale, the chief executive officer now owns 104,277 shares of the company’s stock, valued at approximately $2,931,226.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Terry Earley bought 6,800 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was bought at an average cost of $25.88 per share, with a total value of $175,984.00. Following the transaction, the chief financial officer now directly owns 23,700 shares in the company, valued at approximately $613,356. The disclosure for this purchase can be found here. Insiders have purchased a total of 51,571 shares of company stock worth $1,336,096 in the last ninety days. 4.70% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its holdings in shares of Veritex by 92.1% in the 1st quarter. LS Investment Advisors LLC now owns 1,364 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 654 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Veritex by 142.0% in the 1st quarter. Bank of Montreal Can now owns 1,929 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,132 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Veritex by 48.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,203 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 714 shares in the last quarter. Neuburgh Advisers LLC raised its holdings in shares of Veritex by 285.4% in the 1st quarter. Neuburgh Advisers LLC now owns 2,528 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 1,872 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Veritex by 24.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,736 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 533 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

NASDAQ:VBTX opened at $26.12 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.38 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.72. Veritex has a twelve month low of $20.34 and a twelve month high of $33.08.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, May 8th. Veritex’s dividend payout ratio (DPR) is 27.17%.

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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