Veritex Holdings
Market Cap
US$1.3b
Last Updated
2019/10/24 00:38 UTC
Data Sources
Company Financials +
Executive Summary
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.
Snowflake
Fundamentals
Flawless balance sheet and good value.
Similar Companies
Share Price & News
How has Veritex Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.5%
VBTX
3.4%
US Banks
0.4%
US Market
1 Year Return
12.4%
VBTX
11.9%
US Banks
11.4%
US Market
Return vs Industry: VBTX exceeded the US Banks industry which returned 8.6% over the past year.
Return vs Market: VBTX exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| VBTX | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | 3.4% | 0.4% |
| 30 Day | 1.9% | 3.8% | 0.3% |
| 90 Day | -3.7% | 3.3% | -1.2% |
| 1 Year | 14.0%12.4% | 15.2%11.9% | 13.9%11.4% |
| 3 Year | 39.5%37.5% | 54.5%43.8% | 47.2%37.6% |
| 5 Year | 83.9%81.2% | 69.9%51.4% | 62.4%44.6% |
Price Volatility Vs. Market
How volatile is Veritex Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Veritex Holdings, Inc. (NASDAQ:VBTX) A Volatile Stock?3 weeks ago | Simply Wall St
At US$23.76, Is It Time To Put Veritex Holdings, Inc. (NASDAQ:VBTX) On Your Watch List?1 month ago | Simply Wall St
Veritex Holdings (NASDAQ:VBTX) Shareholders Have Enjoyed A 45% Share Price GainValuation
Is Veritex Holdings undervalued compared to its fair value and its price relative to the market?
19.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VBTX ($24.91) is trading below our estimate of fair value ($30.83)
Significantly Below Fair Value: VBTX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: VBTX is poor value based on its PE Ratio (16.1x) compared to the Banks industry average (12.6x).
PE vs Market: VBTX is good value based on its PE Ratio (16.1x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: VBTX is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: VBTX is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Veritex Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
18.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VBTX's forecast earnings growth (18.9% per year) is above the savings rate (2.7%).
Earnings vs Market: VBTX's earnings (18.9% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VBTX's revenue (3.5% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: VBTX's revenue (3.5% 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 (10%).
Next Steps
Past Performance
How has Veritex Holdings performed over the past 5 years?
48.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: VBTX's earnings have grown significantly by 48.7% per year over the past 5 years.
Accelerating Growth: VBTX's earnings growth over the past year (118.2%) exceeds its 5-year average (48.7% per year).
Earnings vs Industry: VBTX earnings growth over the past year (118.2%) exceeded the Banks industry 29.7%.
Return on Equity
High ROE: VBTX's Return on Equity (5.9%) is considered low.
Return on Assets
ROA vs Industry: VBTX's Return on Assets is below or equal to the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate VBTX's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
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
Inventory Level: VBTX has a low level of unsold assets or inventory.
Debt Coverage by Assets: VBTX's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: VBTX's level of assets compared to its equity is low.
Allowance for Bad Loans: VBTX has a low allowance for bad loans.
Low Risk Liabilities: VBTX's liabilities are made up of primarily low risk sources of funding.
Loan Level: VBTX has an acceptable proportion of non-loan assets held.
Low Risk Deposits: VBTX's loans are broadly funded by customer deposits.
Level of Bad Loans: VBTX has an appropriate level of bad loans (0.21%)
Next Steps
Dividend
What is Veritex Holdings's current dividend yield, its reliability and sustainability?
2.01%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: VBTX's dividend (2.01%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: VBTX's dividend (2.01%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: Too early to tell whether VBTX's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if VBTX's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.3%), 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 (24.6% payout ratio).
Next Steps
Management
What is the CEO of Veritex Holdings's salary, the management and board of directors tenure and is there insider trading?
9.8yrs
Average management tenure
CEO
Charles Holland (59yo)
10.8yrs
Tenure
US$1,023,102
Compensation
Mr. Charles Malcolm Holland, III, has been the Chairman, President and Chief Executive Officer at Veritex Holdings, Inc. since 2009. Mr. Holland has been the Chairman of the Board, Chief Executive Officer ...
CEO Compensation Analysis
Compensation vs. Market: Charles's total compensation ($USD1.02M) is below average for companies of similar size in the US market ($USD4.07M).
Compensation vs Earnings: Charles's compensation has been consistent with company performance over the past year.
Management Age and Tenure
9.8yrs
Average Tenure
58yo
Average Age
Experienced Management: VBTX's management team is seasoned and experienced (9.8 years average tenure).
Board Age and Tenure
2.4yrs
Average Tenure
59yo
Average Age
Experienced Board: VBTX's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: VBTX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President |
| Shares | 1,800 |
| Max Price | US$25.90 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$25.74 |
| Entity | Company |
| Shares | 14,771 |
| Max Price | US$25.82 |
| Entity | Company |
| Shares | 10,000 |
| Max Price | US$26.68 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 6,800 |
| Max Price | US$25.88 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$25.82 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 601 |
| Max Price | US$26.06 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 25,000 |
| Max Price | US$26.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,500 |
| Max Price | US$25.83 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$26.04 |
Ownership Breakdown
Management Team
Terry Earley (60yo)
Executive VP & CFO
- Tenure: 0.8yrs
Charles Holland (59yo)
Chairman
- Tenure: 10.8yrs
- Compensation: US$1.02m
LaVonda Renfro (58yo)
Executive Vice President
- Tenure: 9.8yrs
- Compensation: US$373.25k
Angela Harper (50yo)
Executive Vice President
- Tenure: 10.8yrs
Clay Riebe (58yo)
Executive Vice President
- Tenure: 0yrs
- Compensation: US$493.00k
Michael Bryan (62yo)
Executive Vice President
- Tenure: 2.8yrs
Jack Dunn
President of Veritex Mortgage
- Tenure: 0yrs
Jeff Kesler (41yo)
Executive Vice President
- Tenure: 0yrs
- Compensation: US$550.24k
Susan Caudle
Executive Assistant & Shareholder Relations
- Tenure: 0yrs
Board Members
Ned Fleming (59yo)
Independent Director
- Tenure: 2.4yrs
- Compensation: US$87.20k
Manny Mehos (65yo)
Director
- Tenure: 0.8yrs
Greg Morrison (59yo)
Independent Director
- Tenure: 2.4yrs
- Compensation: US$83.45k
Steve Lerner (65yo)
Director
- Tenure: 0.8yrs
Pat Bolin (68yo)
Independent Director
- Tenure: 8.6yrs
- Compensation: US$83.45k
Charles Holland (59yo)
Chairman
- Tenure: 10.8yrs
- Compensation: US$1.02m
Don Ellis (56yo)
Director
- Tenure: 0.8yrs
John Sughrue (58yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: US$82.20k
Mark Griege (60yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: US$84.70k
April Box (55yo)
Director
- Tenure: 0.8yrs
- Compensation: US$77.20k
Company Information
Veritex Holdings, Inc.'s company bio, 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$1.305b
- Shares outstanding: 52.37m
- Website: https://www.veritexbank.com
Number of Employees
Location
- Veritex Holdings, Inc.
- 8214 Westchester Drive
- Suite 800
- Dallas
- Texas
- 75225
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VBTX | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Oct 2014 |
Biography
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 Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/24 00:38 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.