Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Purchases $143,010.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings acquired 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $20.43 per share, with a total value of $143,010.00. Following the purchase, the director now owns 49,500 shares in the company, valued at $1,011,285. The trade was a 16.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Texas Capital Bancshares Trading Up 0.4 %

TCBI opened at $74.01 on Friday. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The company has a fifty day moving average of $78.91 and a 200-day moving average of $77.62. The stock has a market cap of $3.41 billion, a PE ratio of 57.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, sell-side analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of hedge funds have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $30,000. Icon Wealth Advisors LLC bought a new position in Texas Capital Bancshares during the third quarter worth $31,000. Assetmark Inc. acquired a new stake in Texas Capital Bancshares in the fourth quarter worth $32,000. Venturi Wealth Management LLC acquired a new stake in Texas Capital Bancshares in the fourth quarter worth $37,000. Finally, R Squared Ltd bought a new stake in Texas Capital Bancshares in the fourth quarter valued at $41,000. 96.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays increased their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Stephens dropped their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. DA Davidson reduced their price target on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Hovde Group dropped their price objective on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating for the company in a report on Friday. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $79.47.

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.