Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings Buys 3,000 Shares of Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 3,000 shares of Texas Capital Bancshares stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average cost of $19.36 per share, for a total transaction of $58,080.00. Following the completion of the acquisition, the director now directly owns 169,706 shares in the company, valued at $3,285,508.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Texas Capital Bancshares Trading Up 1.3 %

TCBI traded up $0.76 during trading on Friday, reaching $59.46. 220,456 shares of the company’s stock were exchanged, compared to its average volume of 340,925. The company’s fifty day moving average price is $59.46 and its 200-day moving average price is $59.62. The firm has a market capitalization of $2.77 billion, a PE ratio of 18.02, a P/E/G ratio of 1.44 and a beta of 1.17. Texas Capital Bancshares, Inc. has a fifty-two week low of $46.54 and a fifty-two week high of $66.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%. The business had revenue of $256.33 million during the quarter, compared to the consensus estimate of $253.27 million. As a group, equities analysts forecast that Texas Capital Bancshares, Inc. will post 3.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TCBI shares. Raymond James lowered Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 4th. Mizuho reissued a “hold” rating and set a $66.00 price objective (down previously from $72.00) on shares of Texas Capital Bancshares in a report on Monday, April 1st. Wedbush dropped their target price on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Hovde Group reduced their target price 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, Stephens lowered their price target on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $63.58.

Hedge Funds Weigh In On Texas Capital Bancshares

Several institutional investors have recently modified their holdings of TCBI. CWM LLC boosted its stake in Texas Capital Bancshares by 426.6% during the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after acquiring an additional 546 shares during the last quarter. Mather Group LLC. bought a new position in shares of Texas Capital Bancshares during the first quarter worth $50,000. Fidelis Capital Partners LLC bought a new position in shares of Texas Capital Bancshares during the first quarter worth $54,000. Headlands Technologies LLC grew its holdings in shares of Texas Capital Bancshares by 41.9% in the 4th quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock valued at $104,000 after buying an additional 476 shares during the period. Finally, Keener Financial Planning LLC bought a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at $139,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

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.