Zacks: Brokerages Expect Veritex Holdings Inc (VBTX) to Announce $0.45 Earnings Per Share

Equities research analysts expect Veritex Holdings Inc (NASDAQ:VBTX) to announce earnings of $0.45 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Veritex’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.47. Veritex posted earnings per share of $0.23 in the same quarter last year, which indicates a positive year-over-year growth rate of 95.7%. The business is expected to announce its next quarterly earnings report on Monday, February 4th.

On average, analysts expect that Veritex will report full-year earnings of $1.65 per share for the current year, with EPS estimates ranging from $1.62 to $1.67. For the next financial year, analysts forecast that the business will report earnings of $2.12 per share, with EPS estimates ranging from $1.79 to $2.42. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Veritex.

Veritex (NASDAQ:VBTX) last posted its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). The company had revenue of $31.69 million during the quarter, compared to the consensus estimate of $30.50 million. Veritex had a return on equity of 6.83% and a net margin of 23.12%.

A number of equities research analysts recently commented on the stock. ValuEngine raised shares of Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. BidaskClub raised shares of Veritex from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 20th. Zacks Investment Research cut shares of Veritex from a “hold” rating to a “strong sell” rating in a report on Friday, October 26th. Raymond James lowered their price target on shares of Veritex from $33.00 to $29.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Finally, Stephens set a $39.00 price target on shares of Veritex and gave the stock a “buy” rating in a report on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $34.00.

In other Veritex news, CEO C Malcolm Holland III sold 3,750 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $25.62, for a total transaction of $96,075.00. Following the sale, the chief executive officer now owns 93,046 shares of the company’s stock, valued at approximately $2,383,838.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.70% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Swiss National Bank raised its holdings in Veritex by 14.5% during the 2nd quarter. Swiss National Bank now owns 33,100 shares of the financial services provider’s stock valued at $1,028,000 after acquiring an additional 4,200 shares during the period. Northpointe Capital LLC raised its holdings in Veritex by 16.2% during the 3rd quarter. Northpointe Capital LLC now owns 359,508 shares of the financial services provider’s stock valued at $10,160,000 after acquiring an additional 50,218 shares during the period. Dimensional Fund Advisors LP raised its holdings in Veritex by 36.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 873,514 shares of the financial services provider’s stock valued at $27,140,000 after acquiring an additional 233,746 shares during the period. First Trust Advisors LP raised its holdings in Veritex by 21.1% during the 2nd quarter. First Trust Advisors LP now owns 34,134 shares of the financial services provider’s stock valued at $1,061,000 after acquiring an additional 5,944 shares during the period. Finally, Rhumbline Advisers raised its holdings in Veritex by 59.5% during the 2nd quarter. Rhumbline Advisers now owns 22,793 shares of the financial services provider’s stock valued at $708,000 after acquiring an additional 8,503 shares during the period. 77.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:VBTX traded down $0.29 during mid-day trading on Friday, reaching $23.08. The company had a trading volume of 445,700 shares, compared to its average volume of 225,637. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $566.19 million, a PE ratio of 24.29, a price-to-earnings-growth ratio of 2.02 and a beta of 1.55. Veritex has a one year low of $20.99 and a one year high of $33.08.

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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Earnings History and Estimates for Veritex (NASDAQ:VBTX)

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