DA Davidson Issues FY2023 Earnings Estimate for Veritex Holdings,

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Veritex Holdings ($NASDAQ:VBTX), Inc. (NASDAQ: VBTX) is a bank holding company headquartered in Dallas, Texas. It specializes in providing a wide range of banking products and services, including consumer and commercial banking, mortgage banking, and trust and asset management services. DA Davidson recently released their earnings estimates for Veritex Holdings, Inc. for the fiscal year 2023. This represents a 4% increase in earnings per share.

DA Davidson also expressed optimism in Veritex Holdings’ ability to continue to grow its core banking operations and its strategic initiatives, such as its acquisition of First Liberty Bank to expand its presence in the Houston market. This would give the company a larger market share in Texas and potentially open up new opportunities for long-term growth. Veritex Holdings’ strong performance and growth potential make it an attractive stock for investors who are looking for long-term returns.

Price History

On Thursday, VERITEX HOLDINGS opened the trading day at $23.9 before closing at $24.0, down 0.3% from the previous day’s closing price of $24.1. This change in stock price follows the news that DA Davidson has issued an earnings estimate for the company for the fiscal year 2023. As a result, markets are expecting to see the company’s financial performance improve over the coming year. With the revised estimate, investors are closely watching VERITEX HOLDINGS to see if they can deliver on the expectations of the market. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Veritex Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Veritex Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Veritex Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Veritex Holdings are shown below. More…

Analysis

GoodWhale has conducted an analysis of VERITEX HOLDINGS‘s wellbeing, and the results are in. Our star chart classifies VERITEX HOLDINGS as ‘rhino’, a type of company we conclude to have achieved moderate revenue or earnings growth. In terms of its underlying fundamentals, VERITEX HOLDINGS is strong in growth, asset, and medium in profitability and dividend. In addition, it has a high health score of 8/10 with regard to its cashflows and debt, which indicates that it is capable to safely ride out any crisis without the risk of bankruptcy. Given its strong fundamentals, VERITEX HOLDINGS can be an attractive option for investors looking for stability and consistent growth. Such investors may include income investors seeking reliable dividends, growth investors looking for companies with healthy balance sheets and strong cashflow, or value investors who want to buy stocks at below-market prices. More…

Peers

It operates through its subsidiary Veritex Community Bank and serves the Dallas-Fort Worth and Houston metropolitan areas of Texas. Veritex Holdings Inc faces competition from other financial companies such as Paragon Financial Solutions Inc, Hope Bancorp Inc, and Stellar Bancorp Inc. These companies also offer commercial banking services, making the marketplace competitive.

– Paragon Financial Solutions Inc ($OTCPK:PGNN)

Paragon Financial Solutions Inc is a financial services company based in Toronto, Canada. Its market cap of 9.17M as of 2022 reflects the company’s financial stability and strength in the industry. Paragon Financial Solutions Inc provides a variety of services such as corporate finance, capital markets, structured finance, and other related services. The company also provides consulting, research, and advisory services to clients all over the world. With its experienced team and innovative solutions, Paragon Financial Solutions Inc continues to provide its customers with quality services and advice.

– Hope Bancorp Inc ($NASDAQ:HOPE)

Hope Bancorp Inc is a financial services company based in Los Angeles, California. It provides commercial banking, real estate lending, international banking, and private banking services to small businesses, middle-market companies, and individuals. As of 2022, the company has a market cap of 1.53B, which reflects the strength of its business model and the trust investors have in the company. Hope Bancorp Inc continues to expand its product offerings and services to further its growth potential.

– Stellar Bancorp Inc ($NASDAQ:STEL)

Stellar Bancorp Inc is a financial services company based in the United States. The company provides banking, insurance, mortgage, and wealth management services to its customers. As of 2022, Stellar Bancorp Inc has a market cap of 1.54 billion dollars. This market capitalization is the total value of all of the company’s outstanding stock. Market capitalization is an important measure of a company’s size and it can be used to compare different companies. By having a market cap of 1.54 billion dollars, Stellar Bancorp Inc is one of the more sizeable companies in the financial services industry.

Summary

Veritex Holdings, Inc. (NASDAQ: VBTX) is a financial services holding company providing commercial banking services to commercial customers and small to medium-sized businesses. Veritex’s focus on innovative technologies, robust loan portfolio, and expanding geographic presence are the major contributors to its earnings growth. Additionally, the report suggests that Veritex’s continued emphasis on cost control and capital management will help it achieve its long-term profitability objectives. Lastly, analysts highlighted the company’s dividend policy, which has been consistently increasing year-over-year for the past five years.