Equities Analysts Set Expectations for Veritex Holdings, Inc.’s FY2025 Earnings (NASDAQ:VBTX)

Veritex Holdings, Inc. (NASDAQ:VBTX) – Analysts at DA Davidson reduced their FY2025 earnings estimates for shares of Veritex in a research report issued to clients and investors on Thursday, October 3rd. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings per share of $2.18 for the year, down from their prior estimate of $2.30. DA Davidson has a “Buy” rating and a $29.00 price objective on the stock. The consensus estimate for Veritex’s current full-year earnings is $2.14 per share.

A number of other equities research analysts have also recently commented on VBTX. Piper Sandler raised their target price on shares of Veritex from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Raymond James upgraded shares of Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, September 17th. Finally, Stephens lifted their price objective on shares of Veritex from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Two 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Veritex Price Performance

NASDAQ VBTX opened at $25.30 on Friday. Veritex has a 12 month low of $15.93 and a 12 month high of $26.72. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 14.71 and a beta of 1.37. The company’s 50 day moving average is $24.21 and its two-hundred day moving average is $21.94. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

Veritex (NASDAQ:VBTX) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Veritex had a return on equity of 7.97% and a net margin of 11.52%. The firm had revenue of $106.81 million for the quarter, compared to the consensus estimate of $108.39 million. During the same quarter in the previous year, the business posted $0.64 EPS. Veritex’s revenue was down 6.7% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Veritex by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,795,336 shares of the financial services provider’s stock valued at $77,766,000 after purchasing an additional 23,222 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Veritex by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,445,102 shares of the financial services provider’s stock valued at $51,566,000 after purchasing an additional 299,562 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Veritex by 1.9% in the second quarter. Victory Capital Management Inc. now owns 1,968,608 shares of the financial services provider’s stock valued at $41,518,000 after purchasing an additional 37,617 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Veritex by 16.4% in the first quarter. Westwood Holdings Group Inc. now owns 1,668,743 shares of the financial services provider’s stock valued at $34,193,000 after purchasing an additional 235,154 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Veritex by 23.2% during the fourth quarter. First Trust Advisors LP now owns 1,303,041 shares of the financial services provider’s stock worth $30,322,000 after buying an additional 245,133 shares during the period. 88.31% of the stock is owned by hedge funds and other institutional investors.

Veritex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Friday, August 9th. Veritex’s dividend payout ratio (DPR) is presently 46.51%.

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.