The price of Veritex Holdings Inc (NASDAQ: VBTX) closed at $19.33 in the last session, down -4.78% from day before closing price of $20.30. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 508817 shares were traded. VBTX stock price reached its highest trading level at $20.15 during the session, while it also had its lowest trading level at $19.24.
Ratios:
We take a closer look at VBTX’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.16.
Stephens Downgraded its Overweight to Equal-Weight on September 07, 2022, whereas the target price for the stock was revised from $36 to $32.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 31 ’23 when Morrison Gregory B bought 1,734 shares for $17.30 per share. The transaction valued at 29,998 led to the insider holds 29,636 shares of the business.
Earley Terry bought 306 shares of VBTX for $6,554 on Jul 28 ’23. The Chief Financial Officer now owns 85,321 shares after completing the transaction at $21.42 per share. On Jun 14 ’23, another insider, Morrison Gregory B, who serves as the Director of the company, bought 1,252 shares for $19.98 each. As a result, the insider paid 25,000 and bolstered with 26,554 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VBTX now has a Market Capitalization of 1.05B. As of this moment, Veritex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.74, and their Forward P/E ratio for the next fiscal year is 8.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 0.69.
Stock Price History:
Over the past 52 weeks, VBTX has reached a high of $24.46, while it has fallen to a 52-week low of $14.88. The 50-Day Moving Average of the stock is 21.04, while the 200-Day Moving Average is calculated to be 19.79.
Shares Statistics:
According to the various share statistics, VBTX traded on average about 424.68K shares per day over the past 3-months and 338.12k shares per day over the past 10 days. A total of 54.34M shares are outstanding, with a floating share count of 52.78M. Insiders hold about 3.14% of the company’s shares, while institutions hold 88.78% stake in the company. Shares short for VBTX as of Feb 29, 2024 were 1.37M with a Short Ratio of 3.24, compared to 2.17M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.52% and a Short% of Float of 3.07%.
Dividends & Splits
The forward annual dividend rate for VBTX is 0.80, which was 0.80 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.94%, it implies a Forward Annual Dividend Yield of 4.14%. The stock’s 5-year Average Dividend Yield is 2.66.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.58 for the current quarter, with a high estimate of $0.62 and a low estimate of $0.56, while EPS last year was $0.79. The consensus estimate for the next quarter is $0.55, with high estimates of $0.57 and low estimates of $0.5.
Analysts are recommending an EPS of between $2.31 and $2.15 for the fiscal current year, implying an average EPS of $2.22. EPS for the following year is $2.28, with 6 analysts recommending between $2.46 and $2.15.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $109M. It ranges from a high estimate of $112.3M to a low estimate of $105.7M. As of the current estimate, Veritex Holdings Inc’s year-ago sales were $117.63M, an estimated decrease of -7.30% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $107.75M, a decrease of -5.90% over than the figure of -$7.30% in the same quarter last year. There is a high estimate of $109.25M for the next quarter, whereas the lowest estimate is $105.1M.
A total of 6 analysts have provided revenue estimates for VBTX’s current fiscal year. The highest revenue estimate was $438.99M, while the lowest revenue estimate was $428M, resulting in an average revenue estimate of $434.97M. In the same quarter a year ago, actual revenue was $418.22M, up 4.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $447.97M in the next fiscal year. The high estimate is $458M and the low estimate is $430.8M. The average revenue growth estimate for next year is up 3.00% from the average revenue estimate for this year.
