Veritex Holdings, Inc. (VBTX) to Issue Quarterly Dividend of $0.20 on February 28th

Veritex Holdings, Inc. (NASDAQ:VBTX) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.20 per share by the financial services provider on Friday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, February 14th.

Veritex has raised its dividend payment by an average of 2.6% per year over the last three years. Veritex has a dividend payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Veritex to earn $2.45 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 32.7%.

Veritex Trading Up 2.9 %

NASDAQ VBTX opened at $27.44 on Wednesday. The stock has a 50-day moving average of $27.41 and a 200-day moving average of $26.51. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. Veritex has a 1-year low of $18.08 and a 1-year high of $31.62. The firm has a market cap of $1.49 billion, a PE ratio of 14.07 and a beta of 1.38.

Veritex (NASDAQ:VBTX) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. As a group, sell-side analysts forecast that Veritex will post 2.26 EPS for the current year.

Analyst Upgrades and Downgrades

VBTX has been the topic of a number of recent analyst reports. Raymond James cut their price target on shares of Veritex from $32.00 to $31.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 30th. Hovde Group raised Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 target price on the stock in a research note on Thursday, January 30th. DA Davidson lowered their price target on Veritex from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Stephens cut their price objective on Veritex from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Finally, StockNews.com upgraded Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Veritex presently has an average rating of “Moderate Buy” and an average price target of $31.50.

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.