Robert W. Stallings Acquires 7,000 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert W. Stallings purchased 7,000 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was purchased at an average price of $21.10 per share, for a total transaction of $147,700.00. Following the purchase, the director now directly owns 202,413 shares of the company's stock, valued at $4,270,914.30. This trade represents a 3.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Texas Capital Bancshares Stock Down 0.7 %

NASDAQ:TCBI traded down $0.60 during trading hours on Monday, reaching $82.40. The company's stock had a trading volume of 210,265 shares, compared to its average volume of 491,970. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 64.46, a price-to-earnings-growth ratio of 0.78 and a beta of 1.16. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80. The business's 50-day moving average is $80.26 and its 200-day moving average is $75.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.8 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their price target on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a "hold" rating in a report on Monday, October 21st. JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Finally, Piper Sandler cut Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Three investment 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $79.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in Texas Capital Bancshares during the 4th quarter worth $30,000. Jupiter Asset Management Ltd. acquired a new position in shares of Texas Capital Bancshares during the fourth quarter valued at about $8,080,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Texas Capital Bancshares by 18.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,381 shares of the bank's stock valued at $968,000 after buying an additional 1,908 shares during the last quarter. AlphaQuest LLC raised its position in shares of Texas Capital Bancshares by 1,022.5% during the fourth quarter. AlphaQuest LLC now owns 24,449 shares of the bank's stock valued at $1,912,000 after buying an additional 22,271 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Texas Capital Bancshares by 87.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,559 shares of the bank's stock valued at $278,000 after buying an additional 1,657 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company's stock.

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.