Insider Buying: Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Insider Buys 3,000 Shares of Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) insider C Keith Cargill acquired 3,000 shares of the stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $74.15 per share, for a total transaction of $222,450.00. Following the acquisition, the insider now owns 80,286 shares in the company, valued at approximately $5,953,206.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Texas Capital Bancshares, Inc. (TCBI) opened at 74.70 on Friday. Texas Capital Bancshares, Inc. has a 52-week low of $48.01 and a 52-week high of $93.35. The company has a market cap of $3.71 billion, a P/E ratio of 20.73 and a beta of 1.67. The company’s 50 day moving average price is $78.15 and its 200 day moving average price is $80.23.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. The company had revenue of $201.73 million for the quarter, compared to the consensus estimate of $197.10 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. Equities research analysts anticipate that Texas Capital Bancshares, Inc. will post $4.01 EPS for the current fiscal year.

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A number of research analysts have recently commented on TCBI shares. Wedbush raised Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $79.00 to $86.00 in a report on Monday, May 15th. BidaskClub raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $104.00 target price on shares of Texas Capital Bancshares in a report on Friday, July 14th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Texas Capital Bancshares in a report on Thursday, April 20th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $80.00 target price (up previously from $75.00) on shares of Texas Capital Bancshares in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $86.15.

A number of large investors have recently modified their holdings of the company. Epoch Investment Partners Inc. increased its stake in shares of Texas Capital Bancshares by 0.9% in the second quarter. Epoch Investment Partners Inc. now owns 582,271 shares of the bank’s stock worth $45,068,000 after buying an additional 5,107 shares in the last quarter. Sapience Investments LLC bought a new stake in shares of Texas Capital Bancshares during the second quarter worth about $8,909,000. Suntrust Banks Inc. increased its stake in shares of Texas Capital Bancshares by 5.0% in the second quarter. Suntrust Banks Inc. now owns 4,674 shares of the bank’s stock worth $360,000 after buying an additional 223 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Texas Capital Bancshares by 0.7% in the second quarter. California Public Employees Retirement System now owns 86,700 shares of the bank’s stock worth $6,711,000 after buying an additional 600 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Texas Capital Bancshares by 2.5% in the second quarter. Vanguard Group Inc. now owns 4,053,255 shares of the bank’s stock worth $313,721,000 after buying an additional 98,473 shares in the last quarter.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.

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