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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings purchased 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $21.10 per share, with a total value of $147,700.00. Following the acquisition, the director now owns 202,413 shares in the company, valued at $4,270,914.30. This represents a 3.58 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Texas Capital Bancshares Stock Up 1.2 %

Shares of TCBI opened at $83.52 on Friday. The stock has a market capitalization of $3.86 billion, a PE ratio of 65.25, a P/E/G ratio of 0.73 and a beta of 1.16. Texas Capital Bancshares, Inc. has a 1 year low of $54.68 and a 1 year high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.00. The company’s 50-day simple moving average is $80.37 and its 200-day simple moving average is $75.22.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Texas Capital Bancshares, Inc. will post 5.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $77.00 to $82.00 in a report on Friday, October 18th. DA Davidson lowered their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Barclays boosted their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. lowered their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Finally, Hovde Group boosted their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research report 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 company’s stock. According to data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $79.13.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of TCBI. Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 169 shares in the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth $31,000. Assetmark Inc. purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth $32,000. Venturi Wealth Management LLC purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth $37,000. Finally, R Squared Ltd purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth $41,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

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.