DA Davidson Comments on Veritex’s Q1 Earnings (NASDAQ:VBTX)

Veritex Holdings, Inc. (NASDAQ:VBTX) – Equities researchers at DA Davidson issued their Q1 2025 earnings per share estimates for Veritex in a report released on Thursday, January 30th. DA Davidson analyst G. Tenner anticipates that the financial services provider will earn $0.48 per share for the quarter. DA Davidson has a “Buy” rating and a $34.00 price objective on the stock. The consensus estimate for Veritex’s current full-year earnings is $2.24 per share. DA Davidson also issued estimates for Veritex’s FY2025 earnings at $2.43 EPS.

A number of other research analysts have also commented on the company. StockNews.com upgraded Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Hovde Group upgraded shares of Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price objective on the stock in a report on Thursday. Raymond James reduced their target price on shares of Veritex from $32.00 to $31.00 and set a “strong-buy” rating for the company in a research note on Thursday. Stephens lowered their price target on Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Piper Sandler upped their price target on Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $31.50.

Veritex Price Performance

Shares of NASDAQ:VBTX opened at $26.81 on Friday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 13.75 and a beta of 1.38. The business has a 50 day moving average price of $27.96 and a 200 day moving average price of $26.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. Veritex has a twelve month low of $18.08 and a twelve month high of $31.62.

Veritex (NASDAQ:VBTX) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). Veritex had a return on equity of 7.63% and a net margin of 13.44%.

Veritex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.98%. Veritex’s dividend payout ratio is currently 41.03%.

Insider Transactions at Veritex

In related news, Director John Sughrue sold 16,820 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $30.25, for a total transaction of $508,805.00. Following the completion of the sale, the director now owns 62,643 shares in the company, valued at $1,894,950.75. This trade represents a 21.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.60% of the stock is currently owned by insiders.

Institutional Trading of Veritex

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Veritex by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,293,966 shares of the financial services provider’s stock worth $34,064,000 after purchasing an additional 18,185 shares during the last quarter. Barclays PLC boosted its holdings in Veritex by 63.8% in the third quarter. Barclays PLC now owns 117,609 shares of the financial services provider’s stock valued at $3,095,000 after acquiring an additional 45,787 shares during the last quarter. GAMMA Investing LLC increased its position in Veritex by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 431 shares during the period. JPMorgan Chase & Co. raised its holdings in Veritex by 24.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 631,372 shares of the financial services provider’s stock worth $16,618,000 after purchasing an additional 122,809 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in Veritex by 4.6% during the 3rd quarter. Stifel Financial Corp now owns 48,582 shares of the financial services provider’s stock valued at $1,279,000 after purchasing an additional 2,115 shares during the period. 88.31% of the stock is owned by institutional investors.

About Veritex

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.