Veritex Holdings, Inc. (NASDAQ:VBTX) – Investment analysts at DA Davidson increased their FY2018 EPS estimates for shares of Veritex Holdings in a report issued on Tuesday. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $1.58 per share for the year, up from their previous forecast of $1.48.

Veritex Holdings (NASDAQ:VBTX) last announced its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $21.11 million during the quarter, compared to analyst estimates of $20.80 million. Veritex Holdings had a net margin of 21.85% and a return on equity of 6.41%. TRADEMARK VIOLATION NOTICE: “Veritex Holdings, Inc. to Post FY2018 Earnings of $1.58 Per Share, DA Davidson Forecasts (VBTX)” was published by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/27/veritex-holdings-inc-to-post-fy2018-earnings-of-1-58-per-share-da-davidson-forecasts-vbtx.html.

A number of other research firms have also weighed in on VBTX. Stephens set a $32.00 target price on shares of Veritex Holdings and gave the stock a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Veritex Holdings from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub lowered shares of Veritex Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $29.00 target price on shares of Veritex Holdings in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $31.83.

Shares of Veritex Holdings (NASDAQ:VBTX) traded up 0.27% on Friday, hitting $26.22. The stock had a trading volume of 102,411 shares. The firm has a market capitalization of $398.91 million, a price-to-earnings ratio of 26.62 and a beta of 1.66. Veritex Holdings has a 1-year low of $17.45 and a 1-year high of $29.43. The firm has a 50 day moving average of $26.32 and a 200-day moving average of $26.58.

In other news, insider Ned N. Fleming III sold 66,997 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $26.90, for a total transaction of $1,802,219.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ned N. Fleming III sold 118,532 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $25.65, for a total transaction of $3,040,345.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 419,800 shares of company stock valued at $11,059,556. 6.90% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Northpointe Capital LLC lifted its holdings in Veritex Holdings by 72.4% in the third quarter. Northpointe Capital LLC now owns 602,189 shares of the financial services provider’s stock worth $16,235,000 after buying an additional 252,803 shares during the period. Banc Funds Co. LLC lifted its holdings in Veritex Holdings by 21.6% in the second quarter. Banc Funds Co. LLC now owns 596,442 shares of the financial services provider’s stock worth $15,704,000 after buying an additional 106,000 shares during the period. Vanguard Group Inc. lifted its holdings in Veritex Holdings by 10.3% in the second quarter. Vanguard Group Inc. now owns 555,031 shares of the financial services provider’s stock worth $14,614,000 after buying an additional 51,747 shares during the period. Kennedy Capital Management Inc. lifted its holdings in Veritex Holdings by 76.6% in the second quarter. Kennedy Capital Management Inc. now owns 331,285 shares of the financial services provider’s stock worth $8,723,000 after buying an additional 143,718 shares during the period. Finally, Jacobs Asset Management LLC lifted its holdings in Veritex Holdings by 36.4% in the second quarter. Jacobs Asset Management LLC now owns 306,989 shares of the financial services provider’s stock worth $8,083,000 after buying an additional 81,989 shares during the period. Institutional investors and hedge funds own 52.30% of the company’s stock.

About Veritex Holdings

Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.

Earnings History and Estimates for Veritex Holdings (NASDAQ:VBTX)

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