Rep. Josh Gottheimer Buys Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Texas Capital Bancshares, Inc. NASDAQ: TCBI. In a filing disclosed on November 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Texas Capital Bancshares stock on October 31st. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of ITT NYSE: ITT on 10/31/2024.
• Sold $1,001 - $15,000 in shares of Stifel Financial NYSE: SF on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ICU Medical NASDAQ: ICUI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of AppFolio NASDAQ: APPF on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Gates Industrial NYSE: GTES on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/29/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Enerpac Tool Group NYSE: EPAC on 10/25/2024.
• Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/25/2024.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI traded up $1.12 during trading hours on Friday, reaching $84.09. The stock had a trading volume of 492,374 shares, compared to its average volume of 428,895. The firm has a 50-day moving average of $73.32 and a 200-day moving average of $65.46. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 460.94, a PEG ratio of 0.81 and a beta of 1.12. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a fifty-two week low of $53.16 and a fifty-two week high of $86.00.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 20,000 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average cost of $21.28 per share, with a total value of $425,600.00. Following the purchase, the director now directly owns 84,587 shares of the company's stock, valued at approximately $1,800,011.36. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.99% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TCBI. AQR Capital Management LLC grew its stake in shares of Texas Capital Bancshares by 87.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank's stock worth $65,219,000 after purchasing an additional 506,094 shares during the period. American Century Companies Inc. boosted its holdings in Texas Capital Bancshares by 43.8% during the second quarter. American Century Companies Inc. now owns 562,507 shares of the bank's stock worth $34,392,000 after buying an additional 171,263 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in Texas Capital Bancshares by 12.6% during the third quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank's stock worth $33,372,000 after buying an additional 52,095 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in Texas Capital Bancshares by 11.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 381,462 shares of the bank's stock valued at $23,323,000 after buying an additional 38,393 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Texas Capital Bancshares by 146.7% during the 2nd quarter. Millennium Management LLC now owns 372,370 shares of the bank's stock valued at $22,767,000 after acquiring an additional 221,454 shares during the period. Hedge funds and other institutional investors own 96.88% of the company's stock.

Analyst Ratings Changes

TCBI has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Texas Capital Bancshares from $72.00 to $80.00 and gave the company an "underweight" rating in a report on Friday, October 18th. Bank of America upgraded shares of Texas Capital Bancshares from an "underperform" rating to a "buy" rating and upped their price target for the company from $51.00 to $77.00 in a research report on Monday, September 9th. Truist Financial raised their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a "hold" rating in a research report on Monday, October 21st. Raymond James upgraded shares of Texas Capital Bancshares from a "market perform" rating to an "outperform" rating and set a $78.00 price objective on the stock in a research note on Tuesday, September 17th. Finally, DA Davidson increased their target price on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Four equities 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $74.00.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.