Insider Selling: Texas Capital Bancshares (NASDAQ:TCBI) Insider Sells 2,045 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) insider Ellen Detrich sold 2,045 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $100.03, for a total value of $204,561.35. Following the completion of the sale, the insider owned 7,529 shares of the company’s stock, valued at approximately $753,125.87. This trade represents a 21.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Texas Capital Bancshares Trading Up 0.7%

Texas Capital Bancshares stock traded up $0.64 during mid-day trading on Tuesday, reaching $99.04. 111,406 shares of the company traded hands, compared to its average volume of 490,725. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 52-week low of $75.41 and a 52-week high of $108.92. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 1.46 and a beta of 0.67. The firm’s 50 day moving average price is $101.34 and its 200 day moving average price is $99.57.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. The company had revenue of $335.50 million during the quarter, compared to the consensus estimate of $333.37 million. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. Texas Capital Bancshares’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 earnings per share. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 7.41 earnings per share for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. Texas Capital Bancshares’s payout ratio is presently 10.40%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TCBI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Texas Capital Bancshares in a report on Monday, July 6th. Stephens cut their target price on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating for the company in a research report on Thursday. Royal Bank Of Canada boosted their target price on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. TD Cowen dropped their price target on Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Wall Street Zen lowered Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $105.83.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Danske Bank A S purchased a new stake in Texas Capital Bancshares during the third quarter worth $25,000. Farther Finance Advisors LLC lifted its position in shares of Texas Capital Bancshares by 1,381.8% during the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after buying an additional 304 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Texas Capital Bancshares by 85.2% in the 1st quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after buying an additional 150 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Texas Capital Bancshares by 169.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock worth $35,000 after buying an additional 246 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.