Veritex (NASDAQ:VBTX – Get Free Report) issued its earnings results on Tuesday. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.06), Briefing.com reports. The business had revenue of $191.25 million for the quarter, compared to analyst estimates of $109.70 million. Veritex had a return on equity of 8.46% and a net margin of 12.47%. During the same period in the previous year, the firm posted $0.79 EPS.
Veritex Stock Performance
NASDAQ:VBTX traded down $0.06 during trading on Friday, reaching $20.34. The company’s stock had a trading volume of 30,290 shares, compared to its average volume of 433,370. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 11.86 and a beta of 1.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a 50 day moving average of $19.86 and a 200-day moving average of $20.28. Veritex has a 12 month low of $14.88 and a 12 month high of $24.46.
Veritex Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid 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 3.93%. Veritex’s dividend payout ratio (DPR) is presently 46.51%.
Wall Street Analyst Weigh In
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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.
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