DA Davidson Comments on Veritex Holdings, Inc.’s FY2025 Earnings (NASDAQ:VBTX)

Veritex Holdings, Inc. (NASDAQ:VBTX) – Equities research analysts at DA Davidson upped their FY2025 earnings per share estimates for Veritex in a research note issued on Wednesday, April 17th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $2.47 for the year, up from their previous forecast of $2.37. The consensus estimate for Veritex’s current full-year earnings is $2.22 per share.

Veritex (NASDAQ:VBTX) last posted its earnings results on Monday, January 22nd. The financial services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). Veritex had a net margin of 14.51% and a return on equity of 9.47%. The company had revenue of $77.74 million for the quarter, compared to the consensus estimate of $110.67 million. During the same quarter last year, the business earned $0.74 earnings per share. Veritex’s quarterly revenue was down 35.4% on a year-over-year basis.

A number of other equities analysts have also commented on the company. Stephens reiterated an “equal weight” rating and issued a $24.00 price objective on shares of Veritex in a research note on Monday, April 1st. Keefe, Bruyette & Woods dropped their price objective on Veritex from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Piper Sandler lifted their price objective on Veritex from $23.50 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Finally, StockNews.com lowered Veritex from a “hold” rating to a “sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.13.

Veritex Price Performance

NASDAQ VBTX opened at $20.02 on Thursday. Veritex has a fifty-two week low of $14.88 and a fifty-two week high of $24.46. The stock’s 50-day moving average is $19.85 and its two-hundred day moving average is $20.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market cap of $1.09 billion, a P/E ratio of 10.11 and a beta of 1.34.

Hedge Funds Weigh In On Veritex

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Veritex by 2.4% during the first quarter. BlackRock Inc. now owns 7,936,705 shares of the financial services provider’s stock valued at $144,924,000 after acquiring an additional 182,930 shares during the period. Vanguard Group Inc. boosted its holdings in Veritex by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 3,772,114 shares of the financial services provider’s stock valued at $87,777,000 after purchasing an additional 52,933 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Veritex by 1.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,561,182 shares of the financial services provider’s stock valued at $99,998,000 after purchasing an additional 52,720 shares in the last quarter. State Street Corp boosted its holdings in Veritex by 9.3% during the first quarter. State Street Corp now owns 2,686,003 shares of the financial services provider’s stock valued at $49,046,000 after purchasing an additional 229,258 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Veritex by 32.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,641,794 shares of the financial services provider’s stock valued at $77,299,000 after purchasing an additional 645,296 shares in the last quarter. 88.31% of the stock is currently owned by institutional investors.

Veritex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.80 annualized dividend and a yield of 4.00%. Veritex’s dividend payout ratio is 40.40%.

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.