Insider Buying: Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Acquires 5,670 Shares of Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings acquired 5,670 shares of Texas Capital Bancshares stock in a transaction on Friday, January 24th. The stock was acquired at an average cost of $27.60 per share, for a total transaction of $156,492.00. Following the completion of the purchase, the director now owns 180,893 shares of the company’s stock, valued at approximately $4,992,646.80. The trade was a 3.24 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Texas Capital Bancshares Price Performance

TCBI stock opened at $77.83 on Wednesday. The stock has a 50-day moving average price of $81.45 and a two-hundred day moving average price of $74.73. Texas Capital Bancshares, Inc. has a 1 year low of $54.68 and a 1 year high of $91.80. The stock has a market cap of $3.60 billion, a PE ratio of 432.39, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. 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 (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. Equities analysts forecast that Texas Capital Bancshares, Inc. will post 4.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays raised their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. DA Davidson decreased their target price on 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. Hovde Group increased their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. StockNews.com cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Finally, Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $77.73.

Institutional Trading of Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in TCBI. Algert Global LLC boosted its holdings in Texas Capital Bancshares by 367.3% during the third quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock worth $1,595,000 after purchasing an additional 17,540 shares during the last quarter. Jane Street Group LLC lifted its position in Texas Capital Bancshares by 107.2% during the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after buying an additional 68,632 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Texas Capital Bancshares during the 3rd quarter worth about $740,000. Wolverine Asset Management LLC grew its holdings in shares of Texas Capital Bancshares by 23.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank’s stock valued at $2,933,000 after acquiring an additional 7,849 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Texas Capital Bancshares by 19.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank’s stock valued at $4,045,000 after acquiring an additional 9,225 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

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.