Veritex Holdings
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 last earnings update was 25 days ago. More info.
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- Veritex Holdings has significant price volatility in the past 3 months.
VBTX Share Price and Events
7 Day Returns
1 Year Returns
VBTX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Veritex Holdings (VBTX) | 2.2% | 19.8% | 11.5% | 0.1% | 114.8% | - |
| US Banks | 3.3% | 3.5% | 2.2% | -9.2% | 61.6% | 49.7% |
| US Market | 1.4% | 5.6% | 5.7% | 2.3% | 44.2% | 40.9% |
1 Year Return vs Industry and Market
- VBTX outperformed the Banks industry which returned -9.2% over the past year.
- VBTX underperformed the Market in United States of America which returned 2.3% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Veritex Holdings
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Veritex Holdings.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity = $27.61 * 9.9% |
$2.74 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 6 analysts. | $27.61 |
| Discount Rate (Cost of Equity) | See below | 11.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.64 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.641 (1 + (1- 21%) (2.98%)) |
1.226 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.23 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.226 * 7.27%) |
11.64% |
Discounted Cash Flow Calculation for NasdaqGM:VBTX using Excess Returns Model Model
The calculations below outline how an intrinsic value for Veritex Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (9.9% – 11.64%) * $27.61) |
$-0.48 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.48 / (11.64% - 2.73%) |
$-5.37 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $27.61 + $-5.37 |
$22.24 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $22.24 |
| Current discount | Discount to share price of
$27.90
= -1 x ($27.90 - $22.24) / $22.24 |
-25.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Veritex Holdings is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Veritex Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Veritex Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $1.63 |
| NasdaqGM:VBTX Share Price ** | NasdaqGM (2019-02-21) in USD | $27.9 |
| United States of America Banks Industry PE Ratio | Median Figure of 584 Publicly-Listed Banks Companies | 13.52x |
| United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 17.39x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Veritex Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGM:VBTX Share Price ÷ EPS (both in USD) = 27.9 ÷ 1.63 |
17.14x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Veritex Holdings is overvalued based on earnings compared to the US Banks industry average.
- Veritex Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Veritex Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 17.14x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
51.6%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 261 Publicly-Listed Banks Companies | 1.25x |
| United States of America Market PEG Ratio | Median Figure of 2,118 Publicly-Listed Companies | 1.44x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 17.14x ÷ 51.6% |
0.33x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Veritex Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Veritex Holdings's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $21.91 |
| NasdaqGM:VBTX Share Price * | NasdaqGM (2019-02-21) in USD | $27.9 |
| United States of America Banks Industry PB Ratio | Median Figure of 587 Publicly-Listed Banks Companies | 1.26x |
| United States of America Market PB Ratio | Median Figure of 5,129 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGM:VBTX Share Price ÷ Book Value per Share (both in USD) = 27.9 ÷ 21.91 |
1.27x |
* Primary Listing of Veritex Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Veritex Holdings is overvalued based on assets compared to the US Banks industry average.
Value checks
We assess Veritex Holdings's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Veritex Holdings has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Veritex Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Veritex Holdings's earnings growth is expected to exceed the United States of America market average.
- Veritex Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGM:VBTX Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 51.6% |
| NasdaqGM:VBTX Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 43.1% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 4.4% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 5.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 12.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 349 | 147 | 6 | |
| 2019-12-31 | 330 | 127 | 6 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 119 | 39 | |
| 2018-09-30 | 114 | 49 | 33 |
| 2018-06-30 | 106 | 44 | 29 |
| 2018-03-31 | 90 | 25 | 22 |
| 2017-12-31 | 71 | 27 | 15 |
| 2017-09-30 | 57 | 19 | 15 |
| 2017-06-30 | 49 | 16 | 13 |
| 2017-03-31 | 47 | 23 | 13 |
| 2016-12-31 | 45 | 11 | 13 |
| 2016-09-30 | 43 | 10 | 12 |
| 2016-06-30 | 41 | 14 | 11 |
| 2016-03-31 | 37 | 10 | 10 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from Veritex Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 2.68 | 2.74 | 2.62 | 6.00 |
| 2019-12-31 | 2.31 | 2.56 | 1.95 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.63 |
| 2018-09-30 | 1.37 |
| 2018-06-30 | 1.27 |
| 2018-03-31 | 1.09 |
| 2017-12-31 | 0.82 |
| 2017-09-30 | 0.97 |
| 2017-06-30 | 1.01 |
| 2017-03-31 | 1.07 |
| 2016-12-31 | 1.16 |
| 2016-09-30 | 1.11 |
| 2016-06-30 | 1.03 |
| 2016-03-31 | 0.94 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Veritex Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Veritex Holdings has a total score of 5/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Veritex Holdings performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Veritex Holdings has delivered over 20% year on year earnings growth in the past 5 years.
- Veritex Holdings's 1-year earnings growth exceeds its 5-year average (160.4% vs 43.8%)
- Veritex Holdings's earnings growth has exceeded the US Banks industry average in the past year (160.4% vs 40.2%).
Earnings and Revenue History
All data from Veritex Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 119.50 | 39.34 | 55.20 | |
| 2018-09-30 | 114.06 | 32.77 | 51.60 | |
| 2018-06-30 | 105.79 | 28.98 | 48.42 | |
| 2018-03-31 | 90.28 | 22.40 | 41.67 | |
| 2017-12-31 | 70.97 | 15.11 | 33.66 | |
| 2017-09-30 | 57.36 | 15.04 | 28.19 | |
| 2017-06-30 | 49.17 | 13.28 | 25.20 | |
| 2017-03-31 | 47.09 | 12.84 | 24.26 | |
| 2016-12-31 | 45.41 | 12.55 | 23.15 | |
| 2016-09-30 | 43.11 | 11.90 | 22.34 | |
| 2016-06-30 | 40.60 | 11.04 | 21.21 | |
| 2016-03-31 | 37.00 | 9.70 | 19.90 | |
| 2015-12-31 | 34.30 | 8.69 | 19.04 | |
| 2015-09-30 | 31.85 | 7.83 | 18.38 | |
| 2015-06-30 | 29.10 | 6.65 | 17.67 | |
| 2015-03-31 | 27.92 | 5.99 | 17.30 | |
| 2014-12-31 | 26.41 | 5.13 | 16.71 | |
| 2014-09-30 | 24.97 | 4.43 | 16.33 | |
| 2014-06-30 | 23.55 | 4.05 | 15.27 | |
| 2014-03-31 | 22.56 | 3.69 | 14.77 | |
| 2013-12-31 | 21.55 | 3.35 | 14.50 | |
| 2012-12-31 | 17.79 | 1.38 | 14.44 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Veritex Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Veritex Holdings used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if Veritex Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Veritex Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Veritex Holdings has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Veritex Holdings Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 530.64 | 44.71 | 84.45 |
| 2018-09-30 | 517.21 | 89.75 | 261.79 |
| 2018-06-30 | 508.44 | 124.78 | 146.74 |
| 2018-03-31 | 497.43 | 64.82 | 195.19 |
| 2017-12-31 | 488.93 | 102.85 | 84.74 |
| 2017-09-30 | 445.93 | 54.89 | 151.38 |
| 2017-06-30 | 247.60 | 46.27 | 173.15 |
| 2017-03-31 | 242.73 | 46.31 | 285.74 |
| 2016-12-31 | 239.09 | 46.34 | 208.39 |
| 2016-09-30 | 142.42 | 46.42 | 178.59 |
| 2016-06-30 | 138.85 | 46.45 | 127.24 |
| 2016-03-31 | 135.24 | 46.49 | 92.38 |
| 2015-12-31 | 132.05 | 36.47 | 43.45 |
| 2015-09-30 | 137.51 | 26.55 | 123.51 |
| 2015-06-30 | 117.09 | 35.08 | 63.27 |
| 2015-03-31 | 115.13 | 23.07 | 85.54 |
| 2014-12-31 | 113.31 | 48.07 | 69.89 |
| 2014-09-30 | 75.60 | 23.07 | 67.73 |
| 2014-06-30 | 74.24 | 23.07 | 66.55 |
| 2014-03-31 | 72.71 | 23.07 | 72.16 |
| 2013-12-31 | 66.24 | 23.07 | 61.32 |
| 2012-12-31 | 61.86 | 13.09 | 40.24 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Veritex Holdings has an acceptable proportion of non-loan assets held.
- Veritex Holdings's liabilities are made up of primarily low risk sources of funding.
- Loans at Veritex Holdings are broadly funded by customer deposits.
- Veritex Holdings's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- Veritex Holdings has a low allowance for bad loans.
- Veritex Holdings has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Veritex Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Veritex Holdings has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Veritex Holdings's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Veritex Holdings
shares you are expected to receive
$36
in your first year as a dividend.
Dividend Amount
- Veritex Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- Veritex Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.54%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 467 Stocks | 2.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2001 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.54 | 4.00 |
| 2019-12-31 | 0.51 | 4.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-28 | 0.500 | 1.873 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Veritex Holdings has stable dividend payments.
- Veritex Holdings only just started paying a dividend, it is too early to tell if payments are increasing.
Income/ dividend checks
We assess Veritex Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Veritex Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Veritex Holdings has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $890,798 |
| AGE | 58 |
| TENURE AS CEO | 10.1 years |
CEO Bio
Mr. Charles Malcolm Holland, III, has been the Chairman, President and Chief Executive Officer at Veritex Holdings, Inc. since 2009. Mr. Holland has been the Chairman of the Board, Chief Executive Officer and President at Veritex Community Bank (formerly Veritex Community Bank, National Association) since 2010. He founded Vertiex Holdings in October 2009.From 2003 to 2009, he served as the Chief Executive Officer for the Texas Region of Colonial Bank. He served as an Executive Vice President and Head of Commercial Lending for Fidelity Bank of Dallas from 1995 to 1998. He began his career in 1982 as a Credit Analyst and Commercial Lender at First City Bank. In 1984, he joined Capital Bank as a Vice President of Commercial Lending. From 1985 to 1998, he was an Organizer and Executive Vice President of EastPark National Bank, a de novo bank that opened in 1986. Fidelity Bank purchased EastPark in 1995 and he became Executive Vice President and Head of Commercial Lending. From 1998 to 2000, he served as Senior Vice President and Head of Business Banking for Compass Bank. From July 2000 to 2002, he served as the President of First Mercantile Bank, which was later acquired by Colonial Bank. He served as the Chief Executive Officer of the Texas Region for Colonial Bank since Mach 2003. He has been a Director of Veritex Holdings, Inc. and Veritex Community Bank since 2009. He served as an Outside Director of SRS Real Estate Partners since December 2009. He served as the President of the Texas Golf Association and has been one of 15 Members of the Executive Committee of the United States Golf Association since 2013. He has served as the Chairman of the College Golf Fellowship since 2002. He is an Active Member and Chairman of The Business Advisory Committee of Watermark Community Church. Mr. Holland received his Bachelor of Business Administration from Southern Methodist University in 1982.
CEO Compensation
- Charles's compensation has increased by more than 20% in the past year.
- Charles's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Veritex Holdings management team in years:
- The average tenure for the Veritex Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Charles Holland
Chairman
$891K
58
10.1 yrs
Jeff Kesler
Executive VP & Chief Lending Officer
$632K
40
Terry Earley
Executive VP & CFO
59
0.1 yrs
Michael Bryan
Executive VP & Chief Information Officer
61
1.3 yrs
LaVonda Renfro
Executive VP & Chief Administrative Officer
57
9.1 yrs
Susan Caudle
Executive Assistant & Shareholder Relations
Angela Harper
Executive VP & Credit Risk Officer
49
10.1 yrs
Clay Riebe
Executive VP & Chief Credit Officer
57
2.9 yrs
Jack Dunn
President of Veritex Mortgage
Board of Directors Tenure
Average tenure and age of the Veritex Holdings board of directors in years:
- The average tenure for the Veritex Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors
John Sughrue
Director
$67K
57
10.1 yrs
Charles Holland
Chairman
$891K
58
10.1 yrs
Mark Griege
Director
$70K
59
10.1 yrs
Ned Fleming
Director
$44K
58
1.8 yrs
Pat Bolin
Director
$69K
67
7.9 yrs
Greg Morrison
Director
$66K
58
1.8 yrs
Manny Mehos
Director
64
0.1 yrs
Steve Lerner
Director
64
0.1 yrs
Don Ellis
Director
55
0.1 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Veritex Holdings insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 04. Feb 19 | Buy | Ned Fleming | Individual | 31. Jan 19 | 31. Jan 19 | 1,500 | $25.83 | $38,740 | ||
| 04. Feb 19 | Buy | Gordon Huddleston | Individual | 31. Jan 19 | 31. Jan 19 | 1,000 | $26.04 | $26,036 | ||
| 03. May 18 | Sell | William Murphy | Individual | 03. May 18 | 03. May 18 | -33,314 | $29.20 | $-972,769 | ||
| 02. Apr 18 | Buy | John Sughrue | Individual | 20. Mar 14 | 20. Mar 14 | 6,912 | $10.85 | $74,995 | ||
Management checks
We assess Veritex Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Veritex Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Is Now The Time To Look At Buying Veritex Holdings, Inc. (NASDAQ:VBTX)?
saw a significant share price rise of over 20% in the past couple of months on the NASDAQGM. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on Veritex Holdings’s outlook and valuation to see if the opportunity still exists.
Simply Wall St - – Full articleRead This Before Buying Veritex Holdings, Inc. (NASDAQ:VBTX) For Its Dividend
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Let's take a look at Veritex Holdings in more detail. … View our latest analysis for Veritex Holdings
Simply Wall St - – Full articleIs Veritex Holdings, Inc.'s (NASDAQ:VBTX) CEO Pay Fair?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Veritex Holdings? … How Does Charles Holland's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleHere's What Veritex Holdings, Inc.'s (NASDAQ:VBTX) P/E Is Telling Us
We'll look at Veritex Holdings, Inc.'s (NASDAQ:VBTX) P/E ratio and reflect on what it tells us about the company's share price. … Veritex Holdings has a P/E ratio of 16.05, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs Veritex Holdings, Inc. (NASDAQ:VBTX) Over-Exposed To Risk?
Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Veritex Holdings’s bottom line. … Today we will analyse Veritex Holdings’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank. … Does Veritex Holdings Understand Its Own Risks?
Simply Wall St - – Full articleDoes The Veritex Holdings Inc (NASDAQ:VBTX) Share Price Fall With The Market?
In finance, Beta is a measure of volatility. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility).
Simply Wall St - – Full articleWhat Makes Veritex Holdings Inc (NASDAQ:VBTX) A Hard Investment?
As a small-cap bank stock with a market capitalisation of US$571m, Veritex Holdings Inc’s (NASDAQ:VBTX) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … These reforms target banking regulations and intends to enhance financial institutions’ ability to absorb shocks resulting from economic stress which could expose banks like Veritex Holdings to vulnerabilities. … Today we will be measuring Veritex Holdings’s financial risk position by looking at three leverage and liquidity metrics.
Simply Wall St - – Full articleDoes Veritex Holdings Inc's (NASDAQ:VBTX) PE Ratio Warrant A Sell?
Veritex Holdings Inc (NASDAQ:VBTX) is trading with a trailing P/E of 23.7, which is higher than the industry average of 17.8. … Although some investors may see this as unappealing, it is important to understand the assumptions behind the P/E ratio before making judgments. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio
Simply Wall St - – Full articleHow Should Investors React To Veritex Holdings Inc's (NASDAQ:VBTX) CEO Pay?
Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability
Simply Wall St - – Full articleWill Veritex Holdings Inc (NASDAQ:VBTX) Continue To Underperform Its Industry?
and want to learn about Return on Equity using a real-life example. … Veritex Holdings Inc’s (NASDAQ:VBTX) most recent return on equity was a substandard 5.71% relative to its industry performance of 8.83% over the past year. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into VBTX's past performance.
Simply Wall St - – Full articleCompany Info
Map
Description
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 company’s deposit products include checking, demand, savings, money market, and time deposit accounts, as well as commercial deposit and financial institution money market accounts. Its loan portfolio consists of commercial real estate and general commercial loans, residential real estate loans, construction and land loans, farmland loans, and consumer loans. The company also provides a range of online banking solutions, such as access to account balances, online transfers, online bill payment and electronic delivery of customer statements, and ATMs, as well as banking through telephone, mail, and personal appointment. In addition, it offers debit cards, night depository services, direct deposits, cashier's checks, and letters of credit; treasury management services, including balance reporting, transfers between accounts, wire transfer initiation, automated clearinghouse origination, and stop payments; and cash management deposit products consisting of lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts. The company operates through 20 branches and 1 mortgage office located in the Dallas-Fort Worth metroplex, as well as 1 branch in the Houston metropolitan area. Veritex Holdings, Inc. was founded in 2009 and is headquartered in Dallas, Texas.
Details
| Name: | Veritex Holdings, Inc. |
| VBTX | |
| Exchange: | NasdaqGM |
| Founded: | 2009 |
| $1,499,612,026 | |
| 53,749,535 | |
| Website: | http://www.veritexbank.com |
| Address: |
Veritex Holdings, Inc. 8214 Westchester Drive, Suite 400, Dallas, Texas, 75225, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGM | VBTX | Common Stock | Nasdaq Global Market | US | USD | 10. Oct 2014 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/22 01:01 |
| End of day share price update: | 2019/02/21 00:00 |
| Last estimates confirmation: | 2019/02/08 |
| Last earnings filing: | 2019/01/28 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
