Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert W. Stallings bought 500 shares of Texas Capital Bancshares stock in a transaction that occurred on Wednesday, April 23rd. The stock was bought at an average cost of $68.20 per share, with a total value of $34,100.00. Following the completion of the purchase, the director now owns 289,961 shares in the company, valued at approximately $19,775,340.20. This trade represents a 0.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Texas Capital Bancshares Trading Up 1.5 %
Texas Capital Bancshares stock opened at $68.21 on Friday. The stock has a 50-day simple moving average of $72.04 and a 200 day simple moving average of $77.88. The stock has a market capitalization of $3.15 billion, a P/E ratio of 53.29, a PEG ratio of 0.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a 52 week low of $56.24 and a 52 week high of $91.80.
Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.92 EPS 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 business had revenue of $280.48 million for the quarter, compared to the consensus estimate of $284.40 million. Analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on TCBI shares. DA Davidson reduced their price objective on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday. Barclays decreased their price target on shares of 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. JPMorgan Chase & Co. cut their price objective on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a research report on Monday. Keefe, Bruyette & Woods reduced their target price on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a report on Monday. Finally, Piper Sandler lowered their price target 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. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Texas Capital Bancshares has an average rating of "Hold" and an average price target of $76.64.
Check Out Our Latest Research Report on Texas Capital Bancshares
Hedge Funds Weigh In On Texas Capital Bancshares
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Texas Capital Bancshares by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank's stock worth $367,327,000 after buying an additional 20,245 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Texas Capital Bancshares by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,305,685 shares of the bank's stock valued at $258,505,000 after acquiring an additional 28,282 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Texas Capital Bancshares by 22.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank's stock worth $58,246,000 after acquiring an additional 138,734 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Texas Capital Bancshares by 12.0% during the fourth quarter. Northern Trust Corp now owns 660,478 shares of the bank's stock worth $51,649,000 after acquiring an additional 70,804 shares during the period. Finally, William Blair Investment Management LLC grew its position in shares of Texas Capital Bancshares by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank's stock valued at $49,101,000 after purchasing an additional 15,320 shares during the last quarter. 96.88% of the stock is owned by institutional investors.
About Texas Capital Bancshares
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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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