Veritex Holdings Inc. (VBTX)
NASDAQ (NMS) NASDAQ (NMS) Primary 
Veritex Holdings (VBTX) Lags Q4 Earnings and Revenue Estimates
Veritex Holdings (VBTX) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.58 per share a year ago.
Veritex Holdings Inc (VBTX) Q3 2024 Earnings Call Transcript
Veritex Holdings Inc (NASDAQ:VBTX ) Q3 2023 Results Conference Call October 23, 2024 9:30 AM ET Company Participants Will Holford - IR Malcolm Holland - Chairman & CEO Terry Earley - Senior EVP & CFO Curtis Anderson - Senior EVP & Chief Credit Officer Conference Call Participants Michael Rose - Raymond James Catherine Mealor - KBW Ahmad Hasan - D.A. Davidson Matt Olney - Stephens Brett Rabatin - Hovde Group Operator Good morning, and welcome to the Veritex Holdings Third Quarter 2024 Earnings Conference Call and Webcast.
Veritex Holdings (VBTX) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Veritex Holdings (VBTX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Veritex Holdings (VBTX) Tops Q3 Earnings and Revenue Estimates
Veritex Holdings (VBTX) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.60 per share a year ago.
Veritex Holdings (VBTX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Veritex Holdings (VBTX) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Veritex Holdings (VBTX) Q2 Earnings and Revenues Lag Estimates
Veritex Holdings (VBTX) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.64 per share a year ago.
Amalgamated Bank Reduces Stake in Veritex Holdings, Inc. (NASDAQ:VBTX)
Amalgamated Bank lessened its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX – Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,576 shares of the financial services provider’s stock after selling 535 shares during the period. Amalgamated Bank’s holdings in Veritex were worth $479,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds have also recently modified their holdings of VBTX. Fifth Third Bancorp raised its stake in Veritex by 1,319.3% during the third quarter. Fifth Third Bancorp now owns 3,236 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 3,008 shares during the period. Lmcg Investments LLC raised its position in shares of Veritex by 0.4% during the 3rd quarter. Lmcg Investments LLC now owns 149,671 shares of the financial services provider’s stock valued at $2,687,000 after buying an additional 638 shares during the period. LSV Asset Management lifted its holdings in Veritex by 25.0% in the third quarter. LSV Asset Management now owns 1,591,209 shares of the financial services provider’s stock valued at $28,562,000 after acquiring an additional 318,600 shares during the last quarter. Victory Capital Management Inc. grew its position in Veritex by 33.1% in the third quarter. Victory Capital Management Inc. now owns 1,722,331 shares of the financial services provider’s stock worth $30,916,000 after acquiring an additional 427,922 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in Veritex during the third quarter worth $1,012,000. Institutional investors and hedge funds own 88.31% of the company’s stock. Veritex Stock Performance NASDAQ VBTX opened at $21.22 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.96 and a quick ratio of 0.95. The company has a market cap of $1.16 billion, a P/E ratio of 12.34 and a beta of 1.33. The stock has a 50-day moving average of $19.97 and a two-hundred day moving average of $20.61. Veritex Holdings, Inc. has a 1-year low of $15.93 and a 1-year high of $24.46. Veritex (NASDAQ:VBTX – Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). Veritex had a net margin of 12.47% and a return on equity of 8.46%. The business had revenue of $191.25 million during the quarter, compared to analyst estimates of $109.70 million. During the same quarter last year, the firm posted $0.79 EPS. As a group, analysts anticipate that Veritex Holdings, Inc. will post 2.2 EPS for the current year. Veritex Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.20 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.77%. Veritex’s dividend payout ratio (DPR) is presently 46.51%. Wall Street Analysts Forecast Growth Several equities analysts have recently commented on the company. Piper Sandler upped their price target on Veritex from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a research note on Saturday, May 11th. Stephens reissued an “equal weight” rating and issued a $24.00 price target on shares of Veritex in a research note on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Veritex from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $24.38. Check Out Our Latest Stock Report on Veritex Veritex Profile (Free Report) 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.
