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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 726 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of $20.99 per share, with a total value of $15,238.74. Following the purchase, the director now directly owns 183,625 shares of the company’s stock, valued at $3,854,288.75. This trade represents a 0.40 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $78.95 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.65 billion, a PE ratio of 61.68, a price-to-earnings-growth ratio of 0.69 and a beta of 1.17. The stock’s fifty day simple moving average is $81.05 and its two-hundred day simple moving average is $74.87. Texas Capital Bancshares, Inc. has a 1-year low of $54.68 and a 1-year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. As a group, analysts forecast that Texas Capital Bancshares, Inc. will post 5.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of TCBI. Venturi Wealth Management LLC bought a new stake in Texas Capital Bancshares during the fourth quarter worth $37,000. Sanctuary Advisors LLC increased its position in shares of Texas Capital Bancshares by 60.6% during the 4th quarter. Sanctuary Advisors LLC now owns 6,958 shares of the bank’s stock valued at $552,000 after purchasing an additional 2,625 shares during the last quarter. Rhumbline Advisers increased its holdings in Texas Capital Bancshares by 1.1% during the fourth quarter. Rhumbline Advisers now owns 167,686 shares of the bank’s stock worth $13,113,000 after buying an additional 1,811 shares during the last quarter. Savant Capital LLC raised its position in Texas Capital Bancshares by 5.7% in the fourth quarter. Savant Capital LLC now owns 5,604 shares of the bank’s stock worth $438,000 after acquiring an additional 303 shares during the period. Finally, Entropy Technologies LP purchased a new position in Texas Capital Bancshares in the fourth quarter valued at about $849,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on TCBI shares. Wedbush reaffirmed a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday. Royal Bank of Canada boosted their target price on Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Finally, Barclays increased their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.