Veritex (VBTX) Announces Buyback Plan, Portfolio Restructuring [Yahoo! Finance]
Veritex Holdings, Inc. (VBTX)
Last veritex holdings, inc. earnings: 4/28 04:41 pm
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US:NASDAQ Investor Relations:
ir.veritexbank.com
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Source: Yahoo! Finance
The buyback program will expire on Mar 31, 2025. VBTX expects to fund the share repurchases using cash on hand and cash from operations. Prior to this, the company's board of directors authorized a share repurchase plan of $50 million on Jan 28, 2019, which was subsequently increased by $50 million in September 2019, $75 million in December 2019 and $75 million in September 2021. This resulted in an aggregate authorization of $250 million of VBTX's common stock. However, no shares were repurchased in 2022 and 2023. In addition to share buybacks, the company pays regular quarterly dividends. In the last five years, VBTX increased dividends twice. Such efforts reflect the company's commitment to returning value to shareholders. This aside, in March, the company completed the restructuring of its available-for-sale ("AFS") debt security portfolio. Particularly, it sold $120.1 million of lower-yielding AFS debt securities at amortized cost, with a yield of 3.11%. This resulted in
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News
- Veritex Holdings (NASDAQ:VBTX) Is Due To Pay A Dividend Of $0.20 [Yahoo! Finance]Yahoo! Finance
- Veritex Holdings, Inc. (NASDAQ: VBTX) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Veritex Holdings, Inc. (NASDAQ: VBTX) had its price target raised by analysts at Piper Sandler from $25.00 to $26.00. They now have an "overweight" rating on the stock.MarketBeat
- Veritex Holdings, Inc. (NASDAQ:VBTX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Veritex Holdings First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
VBTX
Earnings
- 4/23/24 - Miss
VBTX
Sec Filings
- 4/23/24 - Form 8-K
- 4/18/24 - Form DEF
- 3/28/24 - Form 8-K
- VBTX's page on the SEC website