Veritex Holdings stock dividend – Veritex Holdings to Pay Dividend of $0.20 Per Share
October 31, 2023
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Veritex Holdings ($NASDAQ:VBTX) is a full-service bank holding company that operates primarily through its wholly owned subsidiary, Veritex Community Bank. The dividend payout highlights Veritex Holdings’ commitment to rewarding its shareholders and reflects the company’s positive financial performance in the last quarter. With this dividend, Veritex Holdings is expected to deliver long-term value for investors and position itself for future growth.
Dividends – Veritex Holdings stock dividend
Veritex Holdings, a publicly traded company, has announced that it will pay a dividend of $0.20 per share for 2021. Its dividend yields for 2021, 2022, and 2023 are estimated to be 3.07%, 2.4%, and 2.21%, respectively, with an average dividend yield of 2.56%. For investors looking for dividend stocks, Veritex Holdings should be considered as a viable option due to its commitment to consistently paying dividends and its competitive dividend yields.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Veritex Holdings. More…
| Total Revenues | Net Income | Net Margin |
| – | 155.36 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Veritex Holdings. More…
| Operations | Investing | Financing |
| 192.73 | -2.4k | 2.26k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Veritex Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.47k | 10.98k | – |
Key Ratios Snapshot
Some of the financial key ratios for Veritex Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Market Price
The stock opened at $17.3 and closed at $17.4, up by 1.1% from the last closing price of 17.2. The company has also announced that it expects to repurchase up to 3 million shares of common stock in the near future. The company has also indicated that it intends to maintain its current dividend policy, with regular increases in the amount paid out each quarter. Investors should continue to monitor VERITEX HOLDINGS in order to stay up to date with the latest news and announcements regarding their dividend policy and stock repurchases. Live Quote…
Analysis – Veritex Holdings Intrinsic Stock Value
At GoodWhale, we have taken a look at the fundamentals of VERITEX HOLDINGS. Through our analysis, we have determined that the intrinsic value of a share of VERITEX HOLDINGS is around $37.2. This value has been calculated using our proprietary Valuation Line. At the moment, VERITEX HOLDINGS stock is traded at $17.4, meaning it is currently undervalued by 53.2%. This presents a great opportunity for potential investors in the company. More…
Peers
It operates through its subsidiary Veritex Community Bank and serves the Dallas-Fort Worth and Houston metropolitan areas of Texas. Veritex Holdings Inc faces competition from other financial companies such as Paragon Financial Solutions Inc, Hope Bancorp Inc, and Stellar Bancorp Inc. These companies also offer commercial banking services, making the marketplace competitive.
– Paragon Financial Solutions Inc ($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 (VBTX) is a financial holding company operating primarily in Texas. It has a good track record of providing a steady dividend stream to its shareholders. Overall, Veritex Holdings provides investors with a consistent dividend income and potential capital appreciation in the long-term.
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