Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Purchases $149,240.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 7,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were bought at an average cost of $21.32 per share, with a total value of $149,240.00. Following the completion of the purchase, the director now directly owns 215,413 shares of the company’s stock, valued at approximately $4,592,605.16. This trade represents a 3.36 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock opened at $83.00 on Friday. The stock has a market capitalization of $3.84 billion, a P/E ratio of 64.84, a P/E/G ratio of 0.78 and a beta of 1.16. The company’s fifty day moving average price is $80.26 and its 200 day moving average price is $75.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.00. 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 announced its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TCBI has been the topic of a number of research reports. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. DA Davidson cut 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, January 24th. Hovde Group upped their target price on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. cut their price target on shares of 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, Barclays upped their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $79.13.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of hedge funds have recently made changes to their positions in TCBI. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Texas Capital Bancshares by 18.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,381 shares of the bank’s stock worth $968,000 after acquiring an additional 1,908 shares during the last quarter. AlphaQuest LLC lifted its holdings in Texas Capital Bancshares by 1,022.5% in the 4th quarter. AlphaQuest LLC now owns 24,449 shares of the bank’s stock valued at $1,912,000 after purchasing an additional 22,271 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Texas Capital Bancshares by 87.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,559 shares of the bank’s stock worth $278,000 after purchasing an additional 1,657 shares during the last quarter. Edgestream Partners L.P. grew its holdings in shares of Texas Capital Bancshares by 149.0% during the fourth quarter. Edgestream Partners L.P. now owns 101,798 shares of the bank’s stock worth $7,961,000 after buying an additional 60,918 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $1,524,000. Institutional investors and hedge funds 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.