Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Purchases $19,850.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 1,000 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was bought at an average price of $19.85 per share, with a total value of $19,850.00. Following the completion of the purchase, the director now owns 230,913 shares of the company’s stock, valued at $4,583,623.05. This trade represents a 0.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Texas Capital Bancshares Stock Up 0.6 %

NASDAQ TCBI traded up $0.43 during trading on Monday, hitting $71.01. 134,697 shares of the company traded hands, compared to its average volume of 525,946. The business has a fifty day simple moving average of $70.63 and a 200 day simple moving average of $77.58. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 12 month low of $56.24 and a 12 month high of $91.80. The company has a market capitalization of $3.26 billion, a P/E ratio of 55.50, a PEG ratio of 0.75 and a beta of 0.62.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The business had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. As a group, sell-side analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TCBI shares. Piper Sandler reduced their price target on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, April 21st. DA Davidson dropped their price objective on Texas Capital Bancshares from $81.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Raymond James dropped their target price on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price target on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an “outperform” rating on the stock in a research report on Monday, April 21st. Finally, StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Capital Bancshares presently has an average rating of “Hold” and an average target price of $76.64.

Institutional Trading of Texas Capital Bancshares

Several institutional investors have recently modified their holdings of TCBI. Vanguard Group Inc. boosted its stake in Texas Capital Bancshares by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank’s stock worth $367,327,000 after buying an additional 20,245 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Texas Capital Bancshares by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,305,685 shares of the bank’s stock worth $258,505,000 after acquiring an additional 28,282 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Texas Capital Bancshares by 9.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 813,028 shares of the bank’s stock valued at $60,733,000 after purchasing an additional 68,195 shares in the last quarter. Northern Trust Corp raised its position in Texas Capital Bancshares by 12.0% in the 4th quarter. Northern Trust Corp now owns 660,478 shares of the bank’s stock valued at $51,649,000 after purchasing an additional 70,804 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in Texas Capital Bancshares by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank’s stock worth $49,101,000 after purchasing an additional 15,320 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

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.