Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert W. Stallings bought 4,500 shares of the firm's stock in a transaction on Monday, April 21st. The stock was acquired at an average price of $64.27 per share, for a total transaction of $289,215.00. Following the transaction, the director now owns 288,131 shares of the company's stock, valued at approximately $18,518,179.37. The trade was a 1.59 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Texas Capital Bancshares Stock Performance
Shares of TCBI stock opened at $67.19 on Thursday. The stock has a market capitalization of $3.10 billion, a PE ratio of 52.49, a PEG ratio of 0.75 and a beta of 0.74. The business's 50 day simple moving average is $72.29 and its 200 day simple moving average is $77.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a one year low of $56.24 and a one year high of $91.80.
Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The firm had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. As a group, research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages recently issued reports on TCBI. Hovde Group decreased their price target on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating on the stock in a report on Monday. Piper Sandler decreased their target price on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a research note on Monday. Barclays dropped their price target on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, DA Davidson dropped their target price on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $76.64.
Read Our Latest Stock Report on Texas Capital Bancshares
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its position in shares of Texas Capital Bancshares by 19.6% during the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after purchasing an additional 17,863 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Texas Capital Bancshares in the third quarter valued at approximately $310,000. Cim Investment Management Inc. acquired a new position in Texas Capital Bancshares in the third quarter valued at approximately $212,000. Moody National Bank Trust Division boosted its holdings in shares of Texas Capital Bancshares by 9.5% during the 4th quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank's stock worth $1,358,000 after buying an additional 1,508 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Texas Capital Bancshares by 5.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank's stock worth $700,000 after buying an additional 450 shares during the period. 96.88% of the stock is owned by institutional investors.
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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