Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Buys $143,010.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert W. Stallings bought 7,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $20.43 per share, with a total value of $143,010.00. Following the transaction, the director now owns 49,500 shares in the company, valued at $1,011,285. This trade represents a 16.47 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI traded up $0.29 during mid-day trading on Friday, hitting $74.01. 773,815 shares of the company's stock traded hands, compared to its average volume of 407,786. The company's 50-day moving average is $78.84 and its two-hundred day moving average is $77.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $3.41 billion, a P/E ratio of 57.82, a PEG ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 1 year low of $54.68 and a 1 year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

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Analysts Set New Price Targets

TCBI has been the subject of a number of research analyst reports. StockNews.com raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Barclays boosted their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. DA Davidson cut their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Finally, Stephens cut their price objective on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $79.47.

Institutional Trading of Texas Capital Bancshares

Several hedge funds have recently made changes to their positions in TCBI. Public Employees Retirement System of Ohio bought a new position in Texas Capital Bancshares during the 4th quarter valued at about $2,815,000. GTS Securities LLC bought a new position in Texas Capital Bancshares during the 4th quarter valued at about $327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Texas Capital Bancshares by 16.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,223 shares of the bank's stock valued at $6,508,000 after purchasing an additional 11,820 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in Texas Capital Bancshares by 1,027.6% during the 4th quarter. Voloridge Investment Management LLC now owns 65,921 shares of the bank's stock valued at $5,155,000 after purchasing an additional 60,075 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Texas Capital Bancshares by 108.8% during the 4th quarter. Squarepoint Ops LLC now owns 101,815 shares of the bank's stock valued at $7,962,000 after purchasing an additional 53,061 shares during the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Texas Capital Bancshares Company Profile

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.