Veritex Holdings, Inc. (NASDAQ:VBTX) Plans Quarterly Dividend of $0.20

Veritex Holdings, Inc. (NASDAQ:VBTX) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Friday, February 14th will be paid a dividend of 0.20 per share by the financial services provider on Friday, February 28th. This represents a $0.80 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, February 14th.

Veritex has raised its dividend payment by an average of 2.6% per year over the last three years. Veritex has a dividend payout ratio of 32.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Veritex to earn $2.45 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 32.7%.

Veritex Trading Up 2.9 %

Shares of NASDAQ VBTX opened at $27.44 on Wednesday. The firm’s 50 day moving average price is $27.41 and its 200-day moving average price is $26.51. Veritex has a 52-week low of $18.08 and a 52-week high of $31.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.95. The company has a market cap of $1.49 billion, a PE ratio of 14.07 and a beta of 1.38.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. On average, equities research analysts expect that Veritex will post 2.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com raised Veritex from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. DA Davidson dropped their price target on shares of Veritex from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Piper Sandler boosted their price objective on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. 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 research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods downgraded shares of Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

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.