Veritex Holdings, Inc. (VBTX) To Go Ex-Dividend on February 14th

Veritex Holdings, Inc. (NASDAQ:VBTX) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.20 per share by the financial services provider on Friday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, February 14th.

Veritex has increased its dividend by an average of 2.6% per year over the last three years. Veritex has a payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Veritex to earn $2.24 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 35.7%.

Veritex Stock Down 0.7 %

VBTX stock opened at $26.75 on Thursday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 17.15 and a beta of 1.38. The firm has a 50-day simple moving average of $28.01 and a 200-day simple moving average of $26.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. Veritex has a 52 week low of $18.08 and a 52 week high of $31.62.

Veritex (NASDAQ:VBTX) last released its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Veritex had a return on equity of 7.79% and a net margin of 11.11%. Equities analysts forecast that Veritex will post 2.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Veritex

In other news, Director John Sughrue sold 16,820 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $30.25, for a total value of $508,805.00. Following the transaction, the director now directly owns 62,643 shares in the company, valued at approximately $1,894,950.75. This represents a 21.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. DA Davidson boosted their target price on shares of Veritex from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Piper Sandler upped their price objective on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. StockNews.com raised shares of Veritex from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods cut shares of Veritex from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

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.