Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings Purchases 20,000 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings purchased 20,000 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was purchased at an average price of $21.28 per share, with a total value of $425,600.00. Following the completion of the acquisition, the director now directly owns 84,587 shares in the company, valued at approximately $1,800,011.36. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $77.45 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 0.99. Texas Capital Bancshares, Inc. has a fifty-two week low of $52.89 and a fifty-two week high of $82.25. The stock’s 50-day moving average is $69.84 and its two-hundred day moving average is $63.79. The firm has a market cap of $3.61 billion, a P/E ratio of 23.47, a PEG ratio of 1.00 and a beta of 1.13.

Analyst Ratings Changes

TCBI has been the subject of a number of recent research reports. Citigroup restated a “sell” rating and set a $60.00 price objective on shares of Texas Capital Bancshares in a research note on Monday, July 22nd. DA Davidson upped their price objective on Texas Capital Bancshares from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Bank of America upgraded Texas Capital Bancshares from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $51.00 to $77.00 in a research note on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group decreased their price target on Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus target price of $73.56.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TCBI. Innealta Capital LLC acquired a new position in shares of Texas Capital Bancshares during the 2nd quarter valued at about $26,000. Blue Trust Inc. increased its holdings in shares of Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after acquiring an additional 169 shares during the last quarter. CWM LLC increased its holdings in shares of Texas Capital Bancshares by 426.6% during the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after acquiring an additional 546 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Texas Capital Bancshares during the 1st quarter valued at about $54,000. Finally, Headlands Technologies LLC increased its holdings in shares of Texas Capital Bancshares by 80.4% during the 1st quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock valued at $179,000 after acquiring an additional 1,297 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

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.