Analysts expect that Veritex Holdings Inc (NASDAQ:VBTX) will report earnings per share (EPS) of $0.58 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Veritex’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.59. Veritex posted earnings of $0.42 per share in the same quarter last year, which would suggest a positive year over year growth rate of 38.1%. The firm is expected to issue its next quarterly earnings results 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 averages are a mean average based on a survey of sell-side research firms that follow Veritex.
Veritex (NASDAQ:VBTX) last released its earnings results on Monday, January 28th. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The company had revenue of $32.31 million during the quarter, compared to the consensus estimate of $30.73 million. Veritex had a return on equity of 7.86% and a net margin of 25.19%.
Shares of Veritex stock traded up $0.32 during trading on Wednesday, reaching $26.56. 221,200 shares of the company were exchanged, compared to its average volume of 379,341. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.08. Veritex has a twelve month low of $20.34 and a twelve month high of $33.08. The stock has a market cap of $1.40 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.45 and a beta of 1.71.
In other Veritex news, CEO C Malcolm Holland III sold 3,750 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $28.11, for a total value of $105,412.50. Following the completion of the transaction, the chief executive officer now directly owns 104,277 shares of the company’s stock, valued at $2,931,226.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark C. Griege bought 25,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was acquired at an average cost of $26.00 per share, with a total value of $650,000.00. Following the completion of the purchase, the director now owns 66,262 shares of the company’s stock, valued at approximately $1,722,812. The disclosure for this purchase can be found here. 4.70% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Confluence Investment Management LLC grew its stake in Veritex by 10.4% in the first quarter. Confluence Investment Management LLC now owns 190,308 shares of the financial services provider’s stock valued at $4,609,000 after acquiring an additional 17,940 shares during the period. Louisiana State Employees Retirement System acquired a new position in Veritex in the first quarter valued at about $409,000. First Manhattan Co. acquired a new position in Veritex in the first quarter valued at about $12,722,000. Peregrine Capital Management LLC acquired a new position in Veritex in the first quarter valued at about $9,004,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Veritex by 88.5% during the first quarter. State of Alaska Department of Revenue now owns 15,210 shares of the financial services provider’s stock worth $368,000 after buying an additional 7,143 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.
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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