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Veritex Holdings Inc. At $19.52: Buy, Sell Or Hold?

Veritex Holdings Inc. (NASDAQ:VBTX)’s traded shares stood at 1.0 million during the last session, with the company’s beta value hitting 1.49. At the close of trading, the stock’s price was $19.52, to imply an increase of 2.36% or $0.45 in intraday trading. The VBTX share’s 52-week high remains $41.75, putting it -113.88% down since that peak but still an impressive 13.63% since price per share fell to its 52-week low of $16.86. The company has a valuation of $1.11B, with an average of 0.89 million shares in intraday trading volume over the past 10 days and average of 412.89K shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Veritex Holdings Inc. (VBTX), translating to a mean rating of 2.30. Of 6 analyst(s) looking at the stock, 0 analyst(s) give VBTX a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.77.

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Veritex Holdings Inc. (NASDAQ:VBTX) trade information

After registering a 2.36% upside in the last session, Veritex Holdings Inc. (VBTX) has traded red over the past five days. The stock hit a weekly high of 23.51 this Thursday, 03/16/23, jumping 2.36% in its intraday price action. The 5-day price performance for the stock is -16.72%, and -30.11% over 30 days. With these gigs, the year-to-date price performance is -30.48%. Short interest in Veritex Holdings Inc. (NASDAQ:VBTX) saw shorts transact 1.91 million shares and set a 5.18 days time to cover.

Analysts on Wall Street suggest a consensus price target of $34.00, implying an increase of 42.59% to the stock’s current value. The extremes give us $31.00 and $38.00 for target low and target high price respectively. As such, VBTX has been trading -94.67% off suggested target high and -58.81% from its likely low.

Veritex Holdings Inc. (VBTX) estimates and forecasts

Looking at statistics comparing Veritex Holdings Inc. share performance against respective industry, we note that the company has outperformed competitors. Veritex Holdings Inc. (VBTX) shares are -33.88% down over the last 6 months, with its year-to-date growth rate higher than industry average at 16.79% against 3.50%. Revenue is forecast to grow 16.70% this quarter before jumping 47.30% for the next one. The rating firms project that company’s revenue will grow 18.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 6 analysts is $119.95 million. Meanwhile, for the quarter ending Jun 2023, a total of 6 analyst(s) estimate revenue growth to $123.07 million.Earnings reports from the last fiscal year show that sales brought in $88.14 million and $94.86 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 36.10% before jumping 29.70% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 22.90% for the past 5-year period. While 2023 is set for a -2.20% return in earnings, projections for the next 5 years are at 7.00% annually.

VBTX Dividends

Veritex Holdings Inc. has its next earnings report out between April 24 and April 28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Veritex Holdings Inc. has a forward dividend ratio of 0.80, with the share yield ticking at 4.10% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Veritex Holdings Inc. (NASDAQ:VBTX)’s Major holders

Veritex Holdings Inc. insiders hold 3.32% of total outstanding shares, with institutional holders owning 88.97% of the shares at 92.02% float percentage. In total, 88.97% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 7.98 million shares (or 14.77% of shares), all amounting to roughly $212.13 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 3.58 million shares, or about 6.63% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $95.15 million.

We also have iShares Core S&P Smallcap ETF and American Century Small Cap Value Fund as the top two Mutual Funds with the largest holdings of the Veritex Holdings Inc. (VBTX) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Smallcap ETF holds roughly 3.75 million shares. This is just over 6.94% of the total shares, with a market valuation of $105.25 million. Data from the same date shows that the other fund manager holds a little less at 1.93 million, or 3.56% of the shares, all valued at about 51.19 million.

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