Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Buys $15,238.74 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings acquired 726 shares of the stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $20.99 per share, for a total transaction of $15,238.74. Following the transaction, the director now directly owns 183,625 shares in the company, valued at approximately $3,854,288.75. This trade represents a 0.40 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Texas Capital Bancshares Trading Up 1.0 %

Shares of TCBI stock traded up $0.79 during trading hours on Thursday, hitting $79.30. 310,827 shares of the company’s stock traded hands, compared to its average volume of 493,956. The stock has a market cap of $3.66 billion, a PE ratio of 440.56, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. The stock’s 50 day simple moving average is $81.34 and its 200 day simple moving average is $74.76. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 4.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TCBI. Blue Trust Inc. lifted its position in shares of Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after acquiring an additional 169 shares during the period. Icon Wealth Advisors LLC acquired a new position in shares of Texas Capital Bancshares during the third quarter valued at about $31,000. R Squared Ltd bought a new position in shares of Texas Capital Bancshares during the 4th quarter worth about $41,000. Meeder Asset Management Inc. acquired a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at about $71,000. Finally, CWM LLC increased its position in Texas Capital Bancshares by 69.8% in the 3rd quarter. CWM LLC now owns 1,611 shares of the bank’s stock valued at $115,000 after buying an additional 662 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. DA Davidson cut their price target on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their price objective on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Finally, Piper Sandler downgraded Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and upped their target price for the company from $77.00 to $82.00 in a research report on Friday, October 18th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Capital Bancshares has a consensus rating of “Hold” and an average target price of $79.13.

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.