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Veritex Holdings (VBTX) Insider Makes Significant Share Sale

05/07/2021 18:35

10:20 PM EDT, 05/07/2021 (MT Newswires) -- There was a substantial sale of shares of Veritex Holdings by an insider today, as revealed in a form 4 document filed with the SEC. One insider -- Manuel J Mehos, Director -- sold 50,000 shares in the company having a market value of approximately $1,752,885. There have been 9 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 10,587 company shares and the disposition of 58,702 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 98,115 shares and have averaged 11,929 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Veritex Holdings is higher than the 394-company peer group average. Banks peer group saw 575 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Veritex Holdings insiders was also higher. Within the peer group there were 454,113 shares purchased and 4,479,198 shares sold with company insiders having sold 7,000 shares on average.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data used in composing and writing this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.