Veritex (NASDAQ:VBTX – Get Free Report) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04, Yahoo Finance reports. The company had revenue of $113.17 million during the quarter, compared to analysts’ expectations of $110.22 million. Veritex had a net margin of 11.11% and a return on equity of 7.88%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS.
Veritex Stock Down 1.5 %
NASDAQ VBTX traded down $0.41 during mid-day trading on Thursday, reaching $27.47. 311,124 shares of the company’s stock traded hands, compared to its average volume of 403,694. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. Veritex has a 1-year low of $15.93 and a 1-year high of $28.46. The company has a fifty day simple moving average of $25.18 and a 200-day simple moving average of $22.54. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 15.97 and a beta of 1.37.
Veritex Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, November 8th. Veritex’s dividend payout ratio is currently 46.51%.
Wall Street Analyst Weigh In
Read Our Latest Research 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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