Insider Buying: Texas Capital Bancshares (NASDAQ:TCBI) Director Acquires $125,400.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert Stallings acquired 5,500 shares of Texas Capital Bancshares stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $22.80 per share, with a total value of $125,400.00. Following the transaction, the director directly owned 175,087 shares in the company, valued at approximately $3,991,983.60. This trade represents a 3.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI opened at $90.92 on Thursday. The business has a fifty day simple moving average of $98.80 and a 200 day simple moving average of $91.42. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.45 and a beta of 0.66. Texas Capital Bancshares, Inc. has a one year low of $59.37 and a one year high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.30. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. The company had revenue of $327.48 million during the quarter, compared to analysts’ expectations of $324.09 million. During the same quarter in the prior year, the company posted $1.43 EPS. Sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Institutional Trading of Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCBI. Norges Bank acquired a new position in Texas Capital Bancshares during the 2nd quarter valued at about $45,364,000. Azora Capital LP grew its position in shares of Texas Capital Bancshares by 141.3% during the 2nd quarter. Azora Capital LP now owns 930,014 shares of the bank’s stock worth $73,843,000 after buying an additional 544,590 shares during the period. AQR Capital Management LLC raised its stake in shares of Texas Capital Bancshares by 25.1% during the third quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock worth $162,229,000 after buying an additional 384,748 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in Texas Capital Bancshares by 2,707.2% in the third quarter. Balyasny Asset Management L.P. now owns 348,936 shares of the bank’s stock valued at $29,496,000 after buying an additional 336,506 shares during the period. Finally, Algert Global LLC lifted its holdings in Texas Capital Bancshares by 731.5% in the third quarter. Algert Global LLC now owns 294,840 shares of the bank’s stock valued at $24,923,000 after buying an additional 259,380 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TCBI has been the topic of several research reports. TD Cowen upped 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 report on Monday, January 26th. DA Davidson raised their price objective on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Royal Bank Of Canada boosted their target price on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Hovde Group upped their target price on shares of Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 27th. Finally, Stephens increased their price target on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. One 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $101.17.

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.