Veritex Holdings, Inc. (NASDAQ:VBTX) is reporting third quarter financial results on Tuesday 27th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, VBTX is expected to report 3Q20 income of $ 0.44 per share from revenue of $ 73.32 million.
For the full year, analysts anticipate top line of $ 305.79 million, while looking forward to income of $ 1.42 per share bottom line.
Previous Quarter Performance
Veritex Holdings, Inc. revealed income for the second quarter of $ 0.43 per share, from the revenue of $ 87.05 million. The quarterly earnings fell 27.12 percent compared with the same quarter last year. The consensus estimates are income of $ 0.38 per share from $ 76.02 million in revenue. The bottom line results beat street analysts by $ 0.05 or 13.16 percent, at the same time, top line results outshined analysts by $ 11.03 million or 14.51 percent.
Stock Performance
Shares of Veritex Holdings, Inc. traded low $ -0.21 or -0.98 percent on Friday, reaching $ 21.29 with volume of 359.10 thousand shares. Veritex Holdings, Inc. has traded high as $ 21.88 and has cracked $ 21.24 on the downward trend
According to the previous trading day, closing price of $ 21.29, representing a 114.57 % increase from the 52 week low of $ 10.02 and a 26.9 % decrease over the 52 week high of $ 29.41.
The company has a market capital of $ 1.06 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 22nd September 2020, upgraded by Raymond James to Strong Buy from Outperform rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.17 per share on July 28, 2020. The dividend were payable on August 20, 2020 to holders of record as of the close of business on August 6, 2020 and ex-dividend date on August 5, 2020.
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 companys deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts.
