Veritex CEO Holland sells $6.1m in VBTX stock after option exercises

Published 25/07/2025, 03:00
Veritex CEO Holland sells $6.1m in VBTX stock after option exercises

Veritex Holdings (NASDAQ:VBTX), a $1.74 billion market cap financial institution currently trading near its 52-week high of $33.69, saw its Chairman, CEO, and President C. Malcolm Holland III sell a total of 179,394 shares of common stock on July 22 and 23, 2025. According to InvestingPro analysis, the company has demonstrated strong returns over multiple timeframes and appears slightly undervalued based on its Fair Value model. The sales, executed at prices ranging from $32.2475 to $32.50, amounted to a total of $6,125,611.

The sales followed the exercise of stock options for a total of 189,304 shares at prices ranging from $16.21 to $29.13, totaling $4,618,672.

Specifically, on July 22, Holland exercised options to acquire 12,379 shares at $16.21, 9,375 shares at $26.71, 14,496 shares at $27.59, 39,512 shares at $21.38 and 50,000 shares at $21.38. These shares were then sold in a series of transactions, with 12,379 shares sold at an average price of $32.2475 (ranging from $32.24 to $32.26), 9,375 shares sold at $32.30, 14,496 shares sold at an average price of $32.2626 (ranging from $32.26 to $32.29), 39,512 shares sold at an average price of $32.2484 (ranging from $32.24 to $32.30), and 50,000 shares sold at an average price of $32.2673 (ranging from $32.25 to $32.31).

On July 23, Holland exercised options to acquire 63,642 shares at $29.13, and then sold 63,642 shares at $32.50. Following these transactions, Holland directly owns 294,508 shares of Veritex Holdings. He also indirectly owns 5,750 shares through The Holland III FLP.

In other recent news, Veritex Holdings reported second-quarter earnings that exceeded analyst expectations. The company achieved adjusted earnings per share of $0.56, surpassing the consensus estimate of $0.54. However, revenue for the quarter was slightly below forecasts, totaling $109.83 million compared to the expected $110.59 million, though it marked an increase from the same period last year. In addition to its earnings report, Veritex Holdings received attention from Keefe, Bruyette & Woods, which raised its price target for the company from $30 to $37. This adjustment was attributed to Veritex’s achievement of its 1.0% return on assets target. The firm maintained its Market Perform rating for the stock. These developments are part of the company’s recent activities that may interest investors.

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