Robert W. Stallings Purchases 7,000 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings acquired 7,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were bought at an average price of $21.10 per share, for a total transaction of $147,700.00. Following the completion of the transaction, the director now owns 202,413 shares of the company’s stock, valued at approximately $4,270,914.30. This trade represents a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Texas Capital Bancshares Price Performance

TCBI opened at $83.00 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $80.26 and its 200-day simple moving average is $75.33. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 64.84, a PEG ratio of 0.78 and a beta of 1.16. Texas Capital Bancshares, Inc. has a 12-month low of $54.68 and a 12-month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TCBI has been the topic of several recent research reports. DA Davidson decreased their price target on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Stephens decreased their price objective 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, January 28th. JPMorgan Chase & Co. cut their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Finally, Hovde Group raised their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $79.13.

Hedge Funds Weigh In On Texas Capital Bancshares

Several institutional investors have recently bought and sold shares of TCBI. AlphaMark Advisors LLC increased its holdings in shares of Texas Capital Bancshares by 2.6% in the 3rd quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock valued at $386,000 after acquiring an additional 139 shares during the period. Amalgamated Bank boosted its stake in Texas Capital Bancshares by 0.8% in the fourth quarter. Amalgamated Bank now owns 20,791 shares of the bank’s stock valued at $1,626,000 after acquiring an additional 166 shares in the last quarter. Blue Trust Inc. grew its stake in Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after buying an additional 169 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Texas Capital Bancshares by 3.5% during the third quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock valued at $383,000 after acquiring an additional 180 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in shares of Texas Capital Bancshares by 5.3% in the third quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank’s stock worth $309,000 after buying an additional 217 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

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.