Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 37.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,263 shares of the financial services provider’s stock after selling 37,030 shares during the period. Jane Street Group LLC owned 0.11% of Veritex worth $1,639,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VBTX. Meeder Asset Management Inc. acquired a new stake in shares of Veritex in the second quarter worth approximately $25,000. Systematic Financial Management LP acquired a new position in shares of Veritex in the 3rd quarter valued at $98,000. Point72 DIFC Ltd grew its stake in shares of Veritex by 16.5% during the 2nd quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider’s stock valued at $122,000 after buying an additional 816 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Veritex by 295.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,438 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 5,559 shares during the last quarter. Finally, Mutual of America Capital Management LLC purchased a new stake in Veritex during the third quarter valued at about $215,000. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Analysts Set New Price Targets

VBTX has been the topic of a number of research reports. DA Davidson raised their price objective on Veritex from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Piper Sandler lifted their price target on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Raymond James raised shares of Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods downgraded Veritex from an “outperform” rating to a “market perform” rating in a report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Veritex from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Veritex presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

Veritex Stock Performance

Shares of Veritex stock opened at $27.82 on Friday. The firm has a market cap of $1.52 billion, a PE ratio of 17.83 and a beta of 1.38. Veritex Holdings, Inc. has a 1 year low of $18.08 and a 1 year high of $31.62. The firm’s 50-day simple moving average is $28.91 and its 200-day simple moving average is $25.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95.

Veritex (NASDAQ:VBTX) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $113.17 million for the quarter, compared to the consensus estimate of $110.22 million. Veritex had a return on equity of 7.79% and a net margin of 11.11%. Veritex’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Equities analysts forecast that Veritex Holdings, Inc. will post 2.17 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 2.88%. Veritex’s payout ratio is 51.28%.

Insiders Place Their Bets

In other news, Director John Sughrue sold 16,820 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $30.25, for a total transaction of $508,805.00. Following the completion of the transaction, the director now owns 62,643 shares of the company’s stock, valued at approximately $1,894,950.75. The trade was a 21.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO C Malcolm Holland III sold 12,777 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $27.69, for a total transaction of $353,795.13. Following the completion of the sale, the chief executive officer now directly owns 224,132 shares in the company, valued at approximately $6,206,215.08. This trade represents a 5.39 % decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is owned by corporate insiders.

Veritex Company Profile

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 real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.