Veritex Holdings, Inc. declared a quarterly cash dividend of $0.20 per share, payable on February 28, 2025.
Quiver AI Summary
Veritex Holdings, Inc. has announced a quarterly cash dividend of $0.20 per share on its common stock, which will be paid to shareholders on or after February 28, 2025, with a record date of February 14, 2025. The company, based in Dallas, Texas, operates through its subsidiary, Veritex Community Bank, serving the Dallas-Fort Worth and Houston areas. The press release also includes forward-looking statements regarding the company's future plans and objectives, indicating that such statements are subject to various uncertainties and risks.
Potential Positives
- Veritex Holdings, Inc. announced a quarterly cash dividend of $0.20 per share, indicating strong financial performance and commitment to returning value to shareholders.
- The dividend payment reflects the company's positive cash flow and profitability, enhancing investor confidence.
- The planned payment of the dividend on or after February 28, 2025, allows shareholders to anticipate returns within a clear timeline.
Potential Negatives
- The press release highlights a cash dividend of only $0.20 per share, which may be perceived as low, potentially signaling weaker-than-expected financial performance or limited growth prospects.
- The inclusion of "forward-looking statements" implies uncertainty about future performance and may cause investor concern regarding the company's stability and predictability.
FAQ
What is the amount of the cash dividend announced by Veritex Holdings?
Veritex Holdings announced a quarterly cash dividend of $0.20 per share on its outstanding common stock.
When will the Veritex dividend be paid?
The dividend will be paid on or after February 28, 2025.
What date is the record for shareholders to receive the dividend?
Shareholders of record as of February 14, 2025, will receive the dividend.
Where is Veritex Holdings headquartered?
Veritex Holdings is headquartered in Dallas, Texas.
What banking activities does Veritex Community Bank conduct?
Veritex Community Bank conducts banking activities as a Texas state chartered bank regulated by relevant authorities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VBTX Insider Trading Activity
$VBTX insiders have traded $VBTX stock on the open market 16 times in the past 6 months. Of those trades, 0 have been purchases and 16 have been sales.
Here’s a breakdown of recent trading of $VBTX stock by insiders over the last 6 months:
- JOHN SUGHRUE has made 0 purchases and 6 sales selling 24,173 shares for an estimated $732,305.
- C MALCOLM III HOLLAND (Chairman, CEO, President) has made 0 purchases and 10 sales selling 12,777 shares for an estimated $353,781.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VBTX Hedge Fund Activity
We have seen 100 institutional investors add shares of $VBTX stock to their portfolio, and 93 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORTH REEF CAPITAL MANAGEMENT LP removed 860,714 shares (-67.4%) from their portfolio in Q3 2024, for an estimated $22,653,992
- MESIROW INSTITUTIONAL INVESTMENT MANAGEMENT, INC. added 585,242 shares (+inf%) to their portfolio in Q3 2024, for an estimated $15,403,569
- FJ CAPITAL MANAGEMENT LLC removed 529,907 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $13,947,152
- BASSWOOD CAPITAL MANAGEMENT, L.L.C. added 423,227 shares (+inf%) to their portfolio in Q3 2024, for an estimated $11,139,334
- WESTWOOD HOLDINGS GROUP INC removed 254,817 shares (-15.9%) from their portfolio in Q3 2024, for an estimated $6,706,783
- DIMENSIONAL FUND ADVISORS LP added 233,461 shares (+9.5%) to their portfolio in Q3 2024, for an estimated $6,144,693
- EXODUSPOINT CAPITAL MANAGEMENT, LP added 199,466 shares (+inf%) to their portfolio in Q3 2024, for an estimated $5,249,945
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
DALLAS, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or the “Company”), the parent holding company for Veritex Community Bank, today announced the declaration of a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend will be paid on or after February 28, 2025 to shareholders of record as of February 14, 2025.
About Veritex Holdings, Inc.
Headquartered in Dallas, Texas, Veritex is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area. Veritex Community Bank is a Texas state chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System. For more information, visit www.veritexbank.com .
Forward Looking Statement
This press release includes “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements include statements regarding Veritex’s projected plans and objectives, including the expected payment date of its common stock dividend. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate,” “seek,” “plan,” “outlook,” “continue,” “positions,” “prospects” or “potential,” by future conditional verbs such as “will,” “would,” “should,” “could” or “may”, or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time and are beyond Veritex’s control. Forward-looking statements speak only as of the date they are made and Veritex assumes no duty to supplement, update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
Source: Veritex Holdings, Inc.