Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert W. Stallings purchased 5,000 shares of the stock in a transaction dated Friday, April 25th. The shares were acquired at an average cost of $67.76 per share, for a total transaction of $338,800.00. Following the completion of the acquisition, the director now directly owns 90,039 shares of the company's stock, valued at approximately $6,101,042.64. This trade represents a 5.88 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Texas Capital Bancshares Stock Performance
Texas Capital Bancshares stock opened at $68.50 on Wednesday. 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 cap of $3.14 billion, a P/E ratio of 53.52, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares, Inc. has a fifty-two week low of $56.24 and a fifty-two week high of $91.80. The firm's 50 day simple moving average is $71.23 and its 200-day simple moving average is $77.78.
Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. As a group, equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.
Institutional Investors Weigh In On Texas Capital Bancshares
Several hedge funds have recently bought and sold shares of TCBI. Amalgamated Bank increased its holdings in shares of Texas Capital Bancshares by 0.8% in the 4th quarter. Amalgamated Bank now owns 20,791 shares of the bank's stock valued at $1,626,000 after purchasing an additional 166 shares during the period. Envestnet Asset Management Inc. increased its stake in Texas Capital Bancshares by 1.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 10,838 shares of the bank's stock valued at $810,000 after buying an additional 207 shares during the period. Moody National Bank Trust Division increased its stake in Texas Capital Bancshares by 1.5% in the 1st quarter. Moody National Bank Trust Division now owns 17,626 shares of the bank's stock valued at $1,317,000 after buying an additional 255 shares during the period. Xponance Inc. boosted its stake in shares of Texas Capital Bancshares by 4.8% during the 4th quarter. Xponance Inc. now owns 6,569 shares of the bank's stock valued at $514,000 after buying an additional 300 shares during the period. Finally, Savant Capital LLC grew its holdings in shares of Texas Capital Bancshares by 5.7% during the 4th quarter. Savant Capital LLC now owns 5,604 shares of the bank's stock valued at $438,000 after acquiring an additional 303 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Hovde Group decreased their target price on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Barclays dropped their target price on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Stephens dropped their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, DA Davidson decreased their target price on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Texas Capital Bancshares has a consensus rating of "Hold" and an average price target of $76.64.
Get Our Latest Stock Report on TCBI
Texas Capital Bancshares Company Profile
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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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