Texas Capital Bancshares (NASDAQ:TCBI) Director Robert Stallings Purchases 20,000 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert Stallings bought 20,000 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were purchased at an average cost of $22.14 per share, for a total transaction of $442,800.00. Following the transaction, the director owned 335,913 shares in the company, valued at approximately $7,437,113.82. This represents a 6.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Texas Capital Bancshares Stock Performance

Shares of TCBI traded up $1.29 on Thursday, reaching $100.76. 90,242 shares of the company’s stock traded hands, compared to its average volume of 473,835. The stock’s 50 day simple moving average is $98.44 and its two-hundred day simple moving average is $90.66. The stock has a market cap of $4.45 billion, a PE ratio of 14.82, a PEG ratio of 0.47 and a beta of 0.68. Texas Capital Bancshares, Inc. has a 52-week low of $59.37 and a 52-week high of $108.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.30. The firm had revenue of $327.48 million during the quarter, compared to analyst estimates of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same period last year, the firm posted $1.43 EPS. On average, analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Danske Bank A S bought a new stake in shares of Texas Capital Bancshares during the third quarter valued at about $25,000. Farther Finance Advisors LLC increased its holdings 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 during the period. Advisory Services Network LLC bought a new position in Texas Capital Bancshares in the 3rd quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Texas Capital Bancshares by 169.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after purchasing an additional 246 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Texas Capital Bancshares in the fourth quarter worth $36,000. Institutional investors own 96.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TCBI. Stephens increased their target price on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. TD Cowen upped their price objective on Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Citigroup raised their target price on Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a research report on Monday, January 26th. DA Davidson boosted their target price on Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Capital Bancshares in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.17.

Texas Capital Bancshares Company Profile

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.