Wall Street analysts expect Veritex Holdings Inc (NASDAQ:VBTX) to announce $0.58 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Veritex’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.56. Veritex reported earnings per share of $0.42 during the same quarter last year, which would indicate a positive year over year growth rate of 38.1%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, April 22nd.
According to Zacks, analysts expect that Veritex will report full year earnings of $2.53 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.56. For the next financial year, analysts expect that the company will post earnings of $2.68 per share, with EPS estimates ranging from $2.62 to $2.74. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Veritex.
Veritex (NASDAQ:VBTX) last released its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Veritex had a net margin of 25.19% and a return on equity of 7.86%. The business had revenue of $32.31 million for the quarter, compared to analyst estimates of $30.73 million.
VBTX has been the subject of several research reports. BidaskClub downgraded shares of Veritex from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. ValuEngine downgraded shares of Veritex from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Stephens set a $31.00 price objective on shares of Veritex and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Finally, Zacks Investment Research upgraded shares of Veritex from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $32.00.
NASDAQ VBTX opened at $26.22 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.00. Veritex has a 12-month low of $20.34 and a 12-month high of $33.08. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.48 and a beta of 1.71.
In other Veritex news, Director Gordon Huddleston bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The stock was bought at an average cost of $26.04 per share, for a total transaction of $26,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark C. Griege bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $26.00 per share, with a total value of $650,000.00. Following the completion of the transaction, the director now directly owns 66,262 shares of the company’s stock, valued at $1,722,812. The disclosure for this purchase can be found here. Insiders own 4.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Putnam FL Investment Management Co. lifted its position in Veritex by 2.0% during the fourth quarter. Putnam FL Investment Management Co. now owns 24,476 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 486 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Veritex by 48.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,203 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 714 shares during the period. Penn Capital Management Co. Inc. lifted its position in Veritex by 4.3% during the third quarter. Penn Capital Management Co. Inc. now owns 35,397 shares of the financial services provider’s stock valued at $1,000,000 after purchasing an additional 1,467 shares during the period. Teachers Advisors LLC lifted its position in Veritex by 6.0% during the third quarter. Teachers Advisors LLC now owns 41,106 shares of the financial services provider’s stock valued at $1,162,000 after purchasing an additional 2,321 shares during the period. Finally, American International Group Inc. lifted its position in Veritex by 17.7% during the fourth quarter. American International Group Inc. now owns 18,152 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 2,733 shares during the period. Institutional investors own 89.90% of the company’s stock.
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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