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

Jane Street Group LLC reduced its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 37.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,263 shares of the financial services provider's stock after selling 37,030 shares during the quarter. Jane Street Group LLC owned approximately 0.11% of Veritex worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Sippican Capital Advisors increased its stake in shares of Veritex by 0.4% during the 3rd quarter. Sippican Capital Advisors now owns 99,230 shares of the financial services provider's stock valued at $2,612,000 after acquiring an additional 400 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Veritex by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 27,400 shares of the financial services provider's stock valued at $578,000 after purchasing an additional 500 shares during the period. Point72 DIFC Ltd increased its position in Veritex by 16.5% during the second quarter. Point72 DIFC Ltd now owns 5,763 shares of the financial services provider's stock worth $122,000 after purchasing an additional 816 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Veritex during the second quarter worth approximately $25,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Veritex by 9.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,957 shares of the financial services provider's stock valued at $446,000 after purchasing an additional 1,405 shares during the last quarter. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

Veritex Stock Down 1.6 %

Shares of VBTX stock traded down $0.45 during trading hours on Friday, reaching $27.37. The company had a trading volume of 342,731 shares, compared to its average volume of 401,922. 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 Holdings, Inc. has a twelve month low of $18.08 and a twelve month high of $31.62. The stock's fifty day simple moving average is $28.91 and its 200 day simple moving average is $25.36. The company has a market capitalization of $1.49 billion, a P/E ratio of 17.54 and a beta of 1.38.

Veritex (NASDAQ:VBTX - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.04. Veritex had a net margin of 11.11% and a return on equity of 7.79%. The business had revenue of $113.17 million during the quarter, compared to analyst estimates of $110.22 million. During the same period last year, the business earned $0.60 EPS. The business's revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts expect 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. Stockholders of record on Friday, November 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, November 8th. Veritex's payout ratio is 51.28%.

Insider Buying and Selling

In other Veritex news, Director John Sughrue sold 16,820 shares of the firm'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 directly owns 62,643 shares of the company's stock, valued at $1,894,950.75. This trade represents a 21.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Malcolm Holland III sold 12,777 shares of the business's 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 of the company's stock, valued at $6,206,215.08. The trade was a 5.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.60% of the company's stock.

Wall Street Analyst Weigh In

VBTX has been the subject of a number of research analyst reports. DA Davidson upped 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 boosted their price target on Veritex from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods downgraded Veritex from an "outperform" rating to a "market perform" rating in a report on Thursday, October 24th. StockNews.com upgraded Veritex from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Finally, Raymond James upgraded shares of Veritex from a "market perform" rating to a "strong-buy" rating and set a $30.00 price target on the stock in a report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.40.

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.