Veritex (NASDAQ:VBTX) will be posting its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect Veritex to post earnings of $0.52 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). Veritex had a net margin of 18.42% and a return on equity of 9.83%. The firm had revenue of $77.48 million during the quarter, compared to analysts’ expectations of $82.50 million. On average, analysts expect Veritex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of VBTX stock traded up $0.08 during mid-day trading on Monday, reaching $23.69. The stock had a trading volume of 3,550 shares, compared to its average volume of 327,913. The stock’s 50-day moving average price is $24.12 and its two-hundred day moving average price is $25.16. Veritex has a 52-week low of $20.34 and a 52-week high of $28.53. The firm has a market capitalization of $1.25 billion, a PE ratio of 12.87 and a beta of 1.57. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49.
In related news, CEO C Malcolm Holland III sold 2,500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $25.88, for a total transaction of $64,700.00. Following the transaction, the chief executive officer now owns 101,777 shares in the company, valued at $2,633,988.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Angela Harper sold 1,800 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $25.90, for a total transaction of $46,620.00. The disclosure for this sale can be found here. Insiders have sold 11,700 shares of company stock worth $299,280 in the last quarter. 3.92% of the stock is owned by corporate insiders.
Veritex Company Profile
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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