Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert W. Stallings bought 7,000 shares of Texas Capital Bancshares stock in a transaction dated Thursday, February 6th. The shares were acquired at an average cost of $21.32 per share, for a total transaction of $149,240.00. Following the completion of the purchase, the director now directly owns 215,413 shares of the company's stock, valued at approximately $4,592,605.16. This trade represents a 3.36 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Texas Capital Bancshares Stock Performance
Shares of NASDAQ:TCBI traded up $1.72 during midday trading on Tuesday, reaching $83.85. 368,884 shares of the company's stock traded hands, compared to its average volume of 496,199. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 65.51, a P/E/G ratio of 0.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80. The stock has a 50 day moving average of $80.13 and a 200 day moving average of $75.57.
Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. As a group, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.8 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on TCBI shares. Truist Financial boosted their target price on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a "hold" rating in a research note on Monday, October 21st. Royal Bank of Canada upped their price target on Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Hovde Group upped their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a "market perform" rating in a research note on Friday, October 18th. StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, 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 research note on Friday, January 24th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of "Hold" and an average target price of $79.13.
Get Our Latest Research Report on TCBI
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its position in Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank's stock worth $26,000 after buying an additional 169 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in Texas Capital Bancshares in the fourth quarter worth about $30,000. Icon Wealth Advisors LLC purchased a new stake in Texas Capital Bancshares in the third quarter worth about $31,000. Assetmark Inc. purchased a new stake in Texas Capital Bancshares in the fourth quarter worth about $32,000. Finally, Venturi Wealth Management LLC purchased a new stake in Texas Capital Bancshares in the fourth quarter worth about $37,000. Institutional investors own 96.88% of the company's stock.
About Texas Capital Bancshares
(
Get Free Report)
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.
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