Veritex (NASDAQ:VBTX – Get Free Report) will be issuing its quarterly earnings data after the market closes on Tuesday, July 23rd. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Veritex (NASDAQ:VBTX – Get Free Report) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $0.53 earnings per share (EPS) 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 company had revenue of $191.25 million during the quarter, compared to analyst estimates of $109.70 million. During the same period in the prior year, the firm posted $0.79 EPS. On average, analysts expect Veritex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Veritex Stock Performance
VBTX opened at $23.86 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.95 and a current ratio of 0.96. The business’s 50-day simple moving average is $20.85 and its 200 day simple moving average is $20.58. The firm has a market capitalization of $1.30 billion, a PE ratio of 13.87 and a beta of 1.38. Veritex has a 52-week low of $15.93 and a 52-week high of $24.82.
Veritex Announces Dividend
Wall Street Analyst Weigh In
VBTX has been the topic of a number of recent analyst reports. Piper Sandler boosted their target price on shares of Veritex from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Stephens reiterated an “equal weight” rating and set a $24.00 price target on shares of Veritex in a report on Wednesday, April 24th.
View Our Latest Stock Analysis on Veritex
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.
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