Veritex Holdings, Inc. (NASDAQ:VBTX) is reporting second quarter financial results on Tuesday 28th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, VBTX is expected to report 2Q20 income of $ 0.38 per share from revenue of $ 76.02 million.
For the full year, analysts anticipate top line of $ 308.31 million, while looking forward to income of $ 1.39 per share bottom line.
Previous Quarter Performance
Veritex Holdings, Inc. unwinded income for the first quarter of $ 0.08 per share, from the revenue of $ 74.65 million. The quarterly earnings decreased 86.44 percent while revenues decreased 6.97 percent compared with the same quarter last year.
Street analysts expected Veritex Holdings, Inc. to report income of $ 0.46 per share on revenue of $ 74.43 million for the first quarter. The bottom line results missed street analysts by $ 0.38 or 82.61 percent, at the same time, top line results outshined analysts by $ 0.22 million or 0.30 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of VBTX was $ 16.36, representing a 63.27 % increase from the 52 week low of $ 10.02 and a 44.37 % decrease over the 52 week high of $ 29.41.
The company has a market capital of $ 824.20 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
On April 28, 2020, the board of directors authorized quarterly dividend of $ 0.17 per share to holders of record as of the close of business on May 7, 2020, with payment date of May 21, 2020 and ex-dividend date on May 6, 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.
