Veritex Holdings, Inc. (VBTX) to Issue Quarterly Dividend of $0.20 on May 24th

Veritex Holdings, Inc. (NASDAQ:VBTX) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Friday, May 10th will be given a dividend of 0.20 per share by the financial services provider on Friday, May 24th. This represents a $0.80 annualized dividend and a yield of 3.90%. The ex-dividend date is Thursday, May 9th.

Veritex has increased its dividend payment by an average of 5.6% annually over the last three years. Veritex has a payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Veritex to earn $2.36 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 33.9%.

Veritex Stock Up 0.0 %

VBTX opened at $20.50 on Tuesday. Veritex has a 12 month low of $14.88 and a 12 month high of $24.46. 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 stock has a market cap of $1.12 billion, a P/E ratio of 11.92 and a beta of 1.33. The stock’s 50 day moving average price is $19.84 and its 200 day moving average price is $20.39.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.06). Veritex had a return on equity of 8.46% and a net margin of 12.47%. The business had revenue of $191.25 million during the quarter, compared to the consensus estimate of $109.70 million. During the same quarter last year, the firm posted $0.79 earnings per share. As a group, research analysts predict that Veritex will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

VBTX has been the subject of a number of research reports. Piper Sandler raised 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 cut Veritex from a “hold” rating to a “sell” rating in a report on Friday. Stephens reaffirmed an “equal weight” rating and set a $24.00 target price on shares of Veritex in a report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price target on Veritex from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.38.

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.