Texas Capital Bancshares (NASDAQ:TCBI) Director Buys $41,820.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert Stallings purchased 2,000 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were purchased at an average cost of $20.91 per share, for a total transaction of $41,820.00. Following the completion of the purchase, the director directly owned 277,913 shares in the company, valued at $5,811,160.83. The trade was a 0.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $101.03 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $4.61 billion, a PE ratio of 14.86, a P/E/G ratio of 0.48 and a beta of 0.67. The firm has a 50 day simple moving average of $94.56 and a 200-day simple moving average of $88.28. Texas Capital Bancshares, Inc. has a 1-year low of $59.37 and a 1-year high of $105.36.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, topping the consensus estimate of $1.78 by $0.30. The firm had revenue of $327.48 million during the quarter, compared to analysts’ expectations of $324.09 million. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. During the same period in the previous year, the company earned $1.43 EPS. On average, equities analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Hovde Group increased their target price on Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a “market perform” rating in a research report on Tuesday. Citigroup upped their price target on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a research report on Monday. TD Cowen increased their price target on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a research note on Tuesday, December 16th. Finally, Zacks Research downgraded Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average target price of $101.17.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TCBI. Danske Bank A S purchased a new stake in shares of Texas Capital Bancshares in the third quarter worth about $25,000. Farther Finance Advisors LLC lifted its position in Texas Capital Bancshares by 1,381.8% during the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after acquiring an additional 304 shares in the last quarter. Advisory Services Network LLC acquired a new position in Texas Capital Bancshares during the 3rd quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Texas Capital Bancshares by 169.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock worth $35,000 after acquiring an additional 246 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Texas Capital Bancshares in the third quarter valued at approximately $39,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.