Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Acquires $143,010.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings purchased 7,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the completion of the purchase, the director now directly owns 49,500 shares in the company, valued at approximately $1,011,285. The trade was a 16.47 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Texas Capital Bancshares Stock Performance

Shares of TCBI traded up $0.47 during mid-day trading on Wednesday, hitting $75.19. 505,372 shares of the company’s stock were exchanged, compared to its average volume of 405,948. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 52 week low of $54.68 and a 52 week high of $91.80. The stock’s 50-day simple moving average is $79.07 and its 200-day simple moving average is $77.66. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 58.74, a price-to-earnings-growth ratio of 0.75 and a beta of 1.16.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results 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 9.14% and a net margin of 3.99%. On average, equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TCBI. Public Employees Retirement System of Ohio acquired a new stake in Texas Capital Bancshares during the fourth quarter worth about $2,815,000. GTS Securities LLC bought a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Texas Capital Bancshares by 16.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,223 shares of the bank’s stock worth $6,508,000 after acquiring an additional 11,820 shares in the last quarter. Voloridge Investment Management LLC increased its stake in Texas Capital Bancshares by 1,027.6% in the fourth quarter. Voloridge Investment Management LLC now owns 65,921 shares of the bank’s stock valued at $5,155,000 after acquiring an additional 60,075 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in Texas Capital Bancshares by 108.8% during the fourth quarter. Squarepoint Ops LLC now owns 101,815 shares of the bank’s stock valued at $7,962,000 after purchasing an additional 53,061 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TCBI. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. DA Davidson decreased their price objective on shares of 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. Stephens dropped their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Barclays lifted their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Finally, StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $79.13.

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.