Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Acquires $10,300.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 500 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, July 23rd. The stock was acquired at an average cost of $20.60 per share, with a total value of $10,300.00. Following the completion of the acquisition, the director now directly owns 3,794 shares of the company’s stock, valued at approximately $78,156.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Texas Capital Bancshares Trading Up 1.9 %

Shares of TCBI stock traded up $1.25 during mid-day trading on Thursday, reaching $66.37. The company’s stock had a trading volume of 235,988 shares, compared to its average volume of 429,585. The company’s 50 day simple moving average is $60.87 and its 200-day simple moving average is $60.26. Texas Capital Bancshares, Inc. has a 12-month low of $52.89 and a 12-month high of $72.07. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $3.07 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.75 and a beta of 1.15.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. The business had revenue of $472.49 million during the quarter, compared to analysts’ expectations of $268.02 million. During the same period in the prior year, the business posted $1.33 EPS. On average, research analysts predict that Texas Capital Bancshares, Inc. will post 3.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wedbush increased their price target on shares of Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Raymond James lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, April 4th. Citigroup reiterated a “sell” rating and issued a $60.00 price target on shares of Texas Capital Bancshares in a research report on Monday. Hovde Group lowered their price target on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating on the stock in a research report on Friday, April 19th. Finally, Truist Financial increased their price target on shares of Texas Capital Bancshares from $62.00 to $70.00 and gave the company a “hold” rating in a research report on Monday. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $65.19.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of hedge funds have recently made changes to their positions in TCBI. CWM LLC grew its holdings in Texas Capital Bancshares by 426.6% during the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after purchasing an additional 546 shares in the last quarter. Mather Group LLC. acquired a new stake in Texas Capital Bancshares during the 1st quarter valued at $50,000. Fidelis Capital Partners LLC acquired a new stake in Texas Capital Bancshares during the 1st quarter valued at $54,000. Headlands Technologies LLC grew its holdings in Texas Capital Bancshares by 41.9% during the 4th quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock valued at $104,000 after purchasing an additional 476 shares in the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in Texas Capital Bancshares during the 4th quarter valued at $139,000. Hedge funds and other 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.