| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
VBTX Overview
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.
Veritex Holdings Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$40.14 |
| 52 Week High | US$18.08 |
| 52 Week Low | US$41.22 |
| Beta | 1.65 |
| 1 Month Change | 14.07% |
| 3 Month Change | 23.13% |
| 1 Year Change | 98.22% |
| 3 Year Change | 57.41% |
| 5 Year Change | 125.76% |
| Change since IPO | 169.58% |
Recent News & Updates
Veritex Holdings: A Solid Bank For A Long-Term Buy And Hold Portfolio
Credit continues to perform well, supporting the thesis of a limited provision expense going forward. Core operating and profitability metrics should continue to improve. Tangible book value per share growth should continue to exceed the national average.
I Ran A Stock Scan For Earnings Growth And Veritex Holdings (NASDAQ:VBTX) Passed With Ease
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Shareholder Returns
| VBTX | US Banks | US Market | |
|---|---|---|---|
| 7D | -0.9% | 0.2% | 2.0% |
| 1Y | 98.2% | 74.9% | 27.6% |
Return vs Industry: VBTX exceeded the US Banks industry which returned 74.7% over the past year.
Return vs Market: VBTX exceeded the US Market which returned 27.6% over the past year.
Price Volatility
| VBTX volatility | |
|---|---|
| VBTX Beta | 1.65 |
| Industry Beta | 1.33 |
| Market Beta | 1 |
Stable Share Price: VBTX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: VBTX's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | 640 | Charles Holland | https://www.veritexbank.com |
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, mortgage warehouse, commercial real estate, construction and land, 1-4 family residential, paycheck protection program, farmland and agricultural, multi-family residential, and consumer loans; and purchased receivables financing.
Veritex Holdings Fundamentals Summary
| VBTX fundamental statistics | |
|---|---|
| Market Cap | US$1.98b |
| Earnings (TTM) | US$106.96m |
| Revenue (TTM) | US$299.79m |
18.5x
P/E Ratio1.6x
P/B RatioIs VBTX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VBTX income statement (TTM) | |
|---|---|
| Revenue | US$299.79m |
| Cost of Revenue | US$0 |
| Gross Profit | US$299.79m |
| Expenses | US$192.83m |
| Earnings | US$106.96m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 26, 2021
| Earnings per share (EPS) | 2.17 |
| Gross Margin | 100.00% |
| Net Profit Margin | 35.68% |
| Debt/Equity Ratio | 82.0% |
How did VBTX perform over the long term?
See historical performance and comparisonDividends
2.0%
Current Dividend Yield33%
Payout RatioValuation
Is Veritex Holdings undervalued compared to its fair value and its price relative to the market?
31.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VBTX ($40.14) is trading below our estimate of fair value ($58.62)
Significantly Below Fair Value: VBTX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VBTX is poor value based on its PE Ratio (18.5x) compared to the US Banks industry average (11.3x).
PE vs Market: VBTX is poor value based on its PE Ratio (18.5x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: VBTX is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: VBTX is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (1.1x).
Future Growth
How is Veritex Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
14.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VBTX's forecast earnings growth (14.7% per year) is above the savings rate (2%).
Earnings vs Market: VBTX's earnings (14.7% per year) are forecast to grow slower than the US market (15.1% per year).
High Growth Earnings: VBTX's earnings are forecast to grow, but not significantly.
Revenue vs Market: VBTX's revenue (13% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: VBTX's revenue (13% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VBTX's Return on Equity is forecast to be low in 3 years time (11.3%).
Past Performance
How has Veritex Holdings performed over the past 5 years?
43.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VBTX has high quality earnings.
Growing Profit Margin: VBTX's current net profit margins (35.7%) are higher than last year (33.8%).
Past Earnings Growth Analysis
Earnings Trend: VBTX's earnings have grown significantly by 43.8% per year over the past 5 years.
Accelerating Growth: VBTX's earnings growth over the past year (26.4%) is below its 5-year average (43.8% per year).
Earnings vs Industry: VBTX earnings growth over the past year (26.4%) underperformed the Banks industry 36%.
Return on Equity
High ROE: VBTX's Return on Equity (8.4%) is considered low.
Financial Health
How is Veritex Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: VBTX's Assets to Equity ratio (7.3x) is low.
Allowance for Bad Loans: VBTX has a sufficient allowance for bad loans (129%).
Low Risk Liabilities: 86% of VBTX's liabilities are made up of primarily low risk sources of funding.
Loan Level: VBTX has an appropriate level of Loans to Assets ratio (75%).
Low Risk Deposits: VBTX's Loans to Deposits ratio (101%) is appropriate.
Level of Bad Loans: VBTX has an appropriate level of bad loans (1.1%).
Dividend
What is Veritex Holdings's current dividend yield, its reliability and sustainability?
1.99%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VBTX's dividend (1.99%) is higher than the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: VBTX's dividend (1.99%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, VBTX has been paying a dividend for less than 10 years.
Growing Dividend: VBTX's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.9%), VBTX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VBTX's dividends in 3 years are forecast to be well covered by earnings (27% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.3yrs
Average management tenure
CEO
Charles Holland (61 yo)
12.75yrs
Tenure
US$3,489,504
Compensation
Mr. Charles Malcolm Holland, III, has been the Chairman, President and Chief Executive Officer at Veritex Holdings, Inc. since 2009. Mr. Holland is the Founder of Veritex Holdings, Inc. He has been a Direc...
CEO Compensation Analysis
Compensation vs Market: Charles's total compensation ($USD3.49M) is about average for companies of similar size in the US market ($USD3.56M).
Compensation vs Earnings: Charles's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: VBTX's management team is seasoned and experienced (8.3 years average tenure).
Board Members
Experienced Board: VBTX's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VBTX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Veritex Holdings, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Veritex Holdings, Inc.
- Ticker: VBTX
- Exchange: NasdaqGM
- Founded: 2009
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.979b
- Shares outstanding: 49.30m
- Website: https://www.veritexbank.com
Number of Employees
Location
- Veritex Holdings, Inc.
- 8214 Westchester Drive
- Suite 800
- Dallas
- Texas
- 75225
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/16 22:31 |
| End of Day Share Price | 2021/10/15 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.