Veritex Holdings Inc to Issue Quarterly Dividend of $0.13 (NASDAQ:VBTX)

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Veritex Holdings Inc (NASDAQ:VBTX) declared a quarterly dividend on Monday, October 21st, Zacks reports. Investors of record on Thursday, November 7th will be paid a dividend of 0.125 per share by the financial services provider on Thursday, November 21st. This represents a $0.50 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 6th.

Shares of Veritex stock opened at $24.94 on Monday. The firm has a market capitalization of $1.28 billion, a PE ratio of 13.55 and a beta of 1.56. Veritex has a twelve month low of $20.34 and a twelve month high of $28.53. The firm’s 50-day moving average price is $24.47 and its 200 day moving average price is $25.14. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.68.

Veritex (NASDAQ:VBTX) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The company had revenue of $79.30 million during the quarter, compared to analysts’ expectations of $79.90 million. Veritex had a net margin of 20.33% and a return on equity of 10.16%. On average, sell-side analysts predict that Veritex will post 2.33 EPS for the current fiscal year.

In other Veritex news, Director Manuel J. Mehos sold 7,400 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.40, for a total value of $187,960.00. Following the completion of the sale, the director now owns 440,831 shares in the company, valued at approximately $11,197,107.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.70% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on VBTX. BidaskClub lowered shares of Veritex from a “sell” rating to a “strong sell” rating in a research note on Friday, August 9th. ValuEngine raised shares of Veritex from a “strong sell” rating to a “sell” rating in a research note on Thursday. Raymond James raised their price target on shares of Veritex from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Stephens set a $29.00 price target on shares of Veritex and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Zacks Investment Research raised shares of Veritex from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.33.

About Veritex

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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