Veritex (NASDAQ:VBTX – Get Free Report) released its earnings results on Tuesday. The financial services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.55 by $0.04, Yahoo Finance reports. The firm had revenue of $113.17 million for the quarter, compared to analysts’ expectations of $110.22 million. Veritex had a return on equity of 7.88% and a net margin of 11.11%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS.
Veritex Stock Up 0.1 %
Shares of Veritex stock traded up $0.02 on Friday, reaching $27.49. 9,567 shares of the company were exchanged, compared to its average volume of 401,790. Veritex has a one year low of $16.84 and a one year high of $28.46. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 15.97 and a beta of 1.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $25.18 and a 200 day moving average of $22.54.
Veritex Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, November 8th. Veritex’s dividend payout ratio is currently 46.51%.
Analysts Set New Price Targets
View Our Latest Report on VBTX
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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