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

Jane Street Group LLC reduced its stake in Veritex Holdings, Inc. (NASDAQ:VBTX) by 37.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,263 shares of the financial services provider’s stock after selling 37,030 shares during the period. Jane Street Group LLC’s holdings in Veritex were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in VBTX. Louisiana State Employees Retirement System lifted its position 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 worth $578,000 after purchasing an additional 500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Veritex by 60.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,831 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 4,099 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Veritex in the 2nd quarter valued at about $460,000. Stieven Capital Advisors L.P. boosted its position in shares of Veritex by 2.2% during the 2nd quarter. Stieven Capital Advisors L.P. now owns 404,065 shares of the financial services provider’s stock valued at $8,522,000 after purchasing an additional 8,600 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Veritex by 1.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,968,608 shares of the financial services provider’s stock worth $41,518,000 after purchasing an additional 37,617 shares during the last quarter. 88.31% of the stock is owned by institutional investors and hedge funds.

Veritex Stock Performance

Shares of VBTX stock opened at $27.82 on Friday. The company has a market capitalization of $1.52 billion, a price-to-earnings 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 company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $28.91 and its 200-day simple moving average is $25.31.

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

Veritex Dividend Announcement

The business 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Friday, November 8th. Veritex’s dividend payout ratio (DPR) is currently 51.28%.

Insider Activity

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

Analyst Ratings Changes

Several analysts recently commented on VBTX shares. Piper Sandler increased their target price on shares of Veritex from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. StockNews.com raised Veritex from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lowered Veritex from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 24th. DA Davidson lifted their price target on Veritex from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Raymond James upgraded Veritex from a “market perform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, September 17th. Three 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. According to MarketBeat, Veritex presently has a consensus rating of “Moderate Buy” and an average target price of $29.40.

About Veritex

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.