Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Purchases $111,840.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Free Report) Director Robert W. Stallings bought 6,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was bought at an average price of $18.64 per share, with a total value of $111,840.00. Following the purchase, the director now owns 146,706 shares in the company, valued at $2,734,599.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $58.95 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50 day simple moving average is $61.60 and its two-hundred day simple moving average is $59.93. Texas Capital Bancshares, Inc. has a one year low of $42.79 and a one year high of $68.89. The stock has a market capitalization of $2.83 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 2.02 and a beta of 1.21.

Texas Capital Bancshares (NASDAQ:TCBIGet Free Report) last released its earnings results on Thursday, January 18th. The bank reported $0.33 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.24). Texas Capital Bancshares had a return on equity of 7.28% and a net margin of 10.56%. The company had revenue of $245.85 million during the quarter, compared to the consensus estimate of $251.96 million. During the same period last year, the firm posted $0.87 earnings per share. Analysts forecast that Texas Capital Bancshares, Inc. will post 3.67 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on TCBI shares. Royal Bank of Canada raised their target price on Texas Capital Bancshares from $65.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Friday, January 19th. Truist Financial lifted their price target on Texas Capital Bancshares from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Stephens lifted their price target on Texas Capital Bancshares from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Wedbush dropped their price target on Texas Capital Bancshares from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. Finally, UBS Group lifted their price target on Texas Capital Bancshares from $56.00 to $57.00 and gave the company a “sell” rating in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Capital Bancshares presently has an average rating of “Hold” and an average target price of $65.67.

Check Out Our Latest Analysis on Texas Capital Bancshares

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in shares of Texas Capital Bancshares in the third quarter worth $32,000. Atwood & Palmer Inc. purchased a new stake in Texas Capital Bancshares during the third quarter valued at $47,000. Covestor Ltd increased its position in Texas Capital Bancshares by 25,350.0% during the second quarter. Covestor Ltd now owns 1,018 shares of the bank’s stock valued at $52,000 after acquiring an additional 1,014 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Texas Capital Bancshares by 25.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,049 shares of the bank’s stock valued at $63,000 after acquiring an additional 210 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in Texas Capital Bancshares by 22.5% during the second quarter. Osaic Holdings Inc. now owns 1,088 shares of the bank’s stock valued at $56,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

About Texas Capital Bancshares

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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, and wealth management services.

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Insider Buying and Selling by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

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