Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Purchases $156,492.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings purchased 5,670 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of $27.60 per share, for a total transaction of $156,492.00. Following the transaction, the director now owns 180,893 shares in the company, valued at $4,992,646.80. This represents a 3.24 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Texas Capital Bancshares Trading Down 1.1 %

Shares of NASDAQ TCBI traded down $0.85 during midday trading on Tuesday, reaching $77.83. 437,990 shares of the stock were exchanged, compared to its average volume of 511,411. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The business has a 50-day simple moving average of $81.61 and a two-hundred day simple moving average of $74.64. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 432.39, a P/E/G ratio of 0.73 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. As a group, equities research analysts expect that Texas Capital Bancshares, Inc. will post 4.08 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TCBI shares. Royal Bank of Canada upped their target price on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Truist Financial increased their price objective on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, October 21st. StockNews.com cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Hovde Group upped their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $77.73.

Institutional Trading of Texas Capital Bancshares

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC boosted its holdings in shares of Texas Capital Bancshares by 146.7% in the second quarter. Millennium Management LLC now owns 372,370 shares of the bank’s stock valued at $22,767,000 after buying an additional 221,454 shares during the period. Wellington Management Group LLP boosted its stake in Texas Capital Bancshares by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after purchasing an additional 150,301 shares during the period. Jane Street Group LLC increased its holdings in Texas Capital Bancshares by 107.2% during the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after purchasing an additional 68,632 shares in the last quarter. Hodges Capital Management Inc. raised its stake in shares of Texas Capital Bancshares by 32.5% in the 4th quarter. Hodges Capital Management Inc. now owns 252,973 shares of the bank’s stock valued at $19,782,000 after purchasing an additional 62,030 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Texas Capital Bancshares by 326.6% in the third quarter. Victory Capital Management Inc. now owns 70,103 shares of the bank’s stock valued at $5,010,000 after purchasing an additional 53,669 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.