Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Purchases $42,105.94 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 2,006 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average price of $20.99 per share, for a total transaction of $42,105.94. Following the completion of the acquisition, the director now owns 182,899 shares in the company, valued at approximately $3,839,050.01. The trade was a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Texas Capital Bancshares Stock Performance

Shares of TCBI traded down $0.85 during mid-day trading on Tuesday, hitting $77.83. The company’s stock had a trading volume of 437,990 shares, compared to its average volume of 511,411. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $3.60 billion, a PE ratio of 432.39, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. The stock’s 50-day moving average is $81.61 and its two-hundred day moving average is $74.64. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 4.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TCBI shares. StockNews.com cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Stephens dropped their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday. DA Davidson lowered their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday. Hovde Group upped their price objective on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, Wedbush reaffirmed a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $77.73.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Algert Global LLC raised its position in shares of Texas Capital Bancshares by 367.3% in the 3rd quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock valued at $1,595,000 after acquiring an additional 17,540 shares during the period. Jane Street Group LLC raised its position in Texas Capital Bancshares by 107.2% in the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock valued at $9,481,000 after buying an additional 68,632 shares during the last quarter. LMR Partners LLP bought a new stake in Texas Capital Bancshares during the third quarter worth about $740,000. Wolverine Asset Management LLC boosted its holdings in shares of Texas Capital Bancshares by 23.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank’s stock valued at $2,933,000 after buying an additional 7,849 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Texas Capital Bancshares by 19.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank’s stock worth $4,045,000 after purchasing an additional 9,225 shares during the period. Institutional investors own 96.88% of the company’s stock.

About Texas Capital Bancshares

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.