Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings Buys 7,000 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings acquired 7,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $20.43 per share, with a total value of $143,010.00. Following the completion of the acquisition, the director now owns 49,500 shares of the company’s stock, valued at approximately $1,011,285. This trade represents a 16.47 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Texas Capital Bancshares Trading Up 0.6 %

Shares of TCBI stock traded up $0.47 on Wednesday, hitting $75.19. The stock had a trading volume of 505,372 shares, compared to its average volume of 405,948. The firm has a market cap of $3.46 billion, a P/E ratio of 58.74, a PEG ratio of 0.75 and a beta of 1.16. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $79.07 and a two-hundred day moving average price of $77.66.

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 9.14% and a net margin of 3.99%. As a group, analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TCBI shares. JPMorgan Chase & Co. cut their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a report on Friday, January 24th. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Stephens decreased their price objective on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, Barclays increased their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.13.

Institutional Trading of Texas Capital Bancshares

A number of large investors have recently bought and sold shares of the business. Picton Mahoney Asset Management acquired a new position in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $30,000. Icon Wealth Advisors LLC bought a new stake in Texas Capital Bancshares in the 3rd quarter valued at $31,000. Assetmark Inc. acquired a new position in Texas Capital Bancshares in the 4th quarter worth $32,000. Venturi Wealth Management LLC bought a new position in Texas Capital Bancshares during the 4th quarter worth about $37,000. Finally, R Squared Ltd acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at about $41,000. 96.88% of the stock is owned by institutional investors.

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.