Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Purchases $156,492.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings purchased 5,670 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were purchased at an average price of $27.60 per share, with a total value of $156,492.00. Following the completion of the acquisition, the director now directly owns 180,893 shares of the company’s stock, valued at approximately $4,992,646.80. This trade represents a 3.24 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $79.30 on Friday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 440.56, a P/E/G ratio of 0.73 and a beta of 1.17. The firm’s 50-day moving average price is $81.22 and its two-hundred day moving average price is $74.79. 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, Inc. has a 1-year low of $54.68 and a 1-year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 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%. On average, equities analysts predict that Texas Capital Bancshares, Inc. will post 4.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TCBI. Vanguard Personalized Indexing Management LLC bought a new stake in Texas Capital Bancshares during the 2nd quarter worth about $207,000. D. E. Shaw & Co. Inc. grew its stake in shares of Texas Capital Bancshares by 11.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 381,462 shares of the bank’s stock valued at $23,323,000 after purchasing an additional 38,393 shares during the last quarter. Millennium Management LLC grew its stake in shares of Texas Capital Bancshares by 146.7% during the second quarter. Millennium Management LLC now owns 372,370 shares of the bank’s stock valued at $22,767,000 after purchasing an additional 221,454 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Texas Capital Bancshares in the second quarter valued at approximately $292,000. Finally, Point72 Asset Management L.P. bought a new position in Texas Capital Bancshares in the 2nd quarter worth approximately $2,704,000. 96.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TCBI has been the topic of several recent analyst reports. Wedbush reaffirmed a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Stephens cut their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday. Truist Financial boosted their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Hovde Group upped their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Finally, Barclays raised their price objective 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. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $79.13.

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.