Jane Street Group LLC Sells 41,389 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Jane Street Group LLC lessened its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 66.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,874 shares of the financial services provider's stock after selling 41,389 shares during the period. Jane Street Group LLC's holdings in Veritex were worth $567,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quarry LP increased its stake in Veritex by 117.0% during the fourth quarter. Quarry LP now owns 1,528 shares of the financial services provider's stock worth $42,000 after acquiring an additional 824 shares during the last quarter. R Squared Ltd purchased a new stake in Veritex during the fourth quarter worth $45,000. KBC Group NV lifted its holdings in Veritex by 73.5% during the fourth quarter. KBC Group NV now owns 3,826 shares of the financial services provider's stock worth $104,000 after buying an additional 1,621 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Veritex during the 4th quarter valued at $143,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Veritex by 9.8% during the 4th quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider's stock valued at $146,000 after purchasing an additional 481 shares during the last quarter. 88.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VBTX shares. Keefe, Bruyette & Woods cut their price target on Veritex from $33.00 to $30.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. Raymond James lowered shares of Veritex from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $31.00 to $28.00 in a research note on Wednesday, April 2nd. DA Davidson reduced their target price on Veritex from $34.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Stephens restated an "equal weight" rating and issued a $30.00 target price on shares of Veritex in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.25.

Veritex Stock Down 0.9%

Shares of VBTX traded down $0.22 during midday trading on Monday, hitting $23.98. The company had a trading volume of 265,153 shares, compared to its average volume of 388,005. The company's 50 day moving average price is $23.37 and its 200 day moving average price is $25.74. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 12.30 and a beta of 1.01. Veritex Holdings, Inc. has a 52 week low of $19.27 and a 52 week high of $31.62. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14.

Veritex (NASDAQ:VBTX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Veritex had a net margin of 13.44% and a return on equity of 7.59%. The business had revenue of $109.73 million during the quarter, compared to analysts' expectations of $110.73 million. During the same period last year, the firm posted $0.53 earnings per share. On average, equities research analysts predict that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a $0.22 dividend. This is an increase from Veritex's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.88 dividend on an annualized basis and a yield of 3.67%. Veritex's dividend payout ratio is presently 43.14%.

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.