Insider Selling: Veritex Holdings Inc. (VBTX) Major Shareholder Sells 8,000 Shares of Stock
Veritex Holdings Inc. (NASDAQ:VBTX) major shareholder Veritex Holdings L.P. Suntx sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $20.16, for a total value of $161,280.00. Following the transaction, the insider now owns 1,240,726 shares of the company’s stock, valued at $25,013,036.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Veritex Holdings L.P. Suntx also recently made the following trade(s):
- On Wednesday, November 16th, Veritex Holdings L.P. Suntx sold 9,029 shares of Veritex Holdings stock. The stock was sold at an average price of $20.04, for a total value of $180,941.16.
- On Tuesday, November 15th, Veritex Holdings L.P. Suntx sold 2,496 shares of Veritex Holdings stock. The stock was sold at an average price of $19.99, for a total value of $49,895.04.
- On Monday, November 14th, Veritex Holdings L.P. Suntx sold 12,119 shares of Veritex Holdings stock. The stock was sold at an average price of $20.91, for a total value of $253,408.29.
Shares of Veritex Holdings Inc. (NASDAQ:VBTX) traded up 0.74% on Friday, hitting $20.40. The company had a trading volume of 7,594 shares. The company has a market capitalization of $218.44 million, a P/E ratio of 18.91 and a beta of 1.52. Veritex Holdings Inc. has a 12-month low of $12.35 and a 12-month high of $21.12. The firm has a 50-day moving average price of $18.22 and a 200 day moving average price of $16.93.
Veritex Holdings (NASDAQ:VBTX) last announced its earnings results on Tuesday, October 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. Veritex Holdings had a return on equity of 8.70% and a net margin of 23.77%. Equities analysts expect that Veritex Holdings Inc. will post $1.14 EPS for the current year.
Separately, TheStreet upgraded Veritex Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 10th.
About Veritex Holdings
Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.
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