Robert W. Stallings Buys 3,000 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings acquired 3,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of $19.70 per share, for a total transaction of $59,100.00. Following the completion of the acquisition, the director now directly owns 153,706 shares in the company, valued at $3,028,008.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Texas Capital Bancshares Price Performance

NASDAQ TCBI opened at $61.28 on Friday. The company has a 50-day moving average price of $59.13 and a two-hundred day moving average price of $59.18. Texas Capital Bancshares, Inc. has a 52 week low of $42.79 and a 52 week high of $66.18. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 2.15 and a beta of 1.17. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

Wall Street Analyst Weigh In

TCBI has been the topic of several recent analyst reports. Hovde Group cut their price target on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating on the stock in a report on Friday, April 19th. Raymond James downgraded shares of Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a report on Thursday, April 4th. Royal Bank of Canada dropped their target price on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 9th. UBS Group raised their price target on shares of Texas Capital Bancshares from $56.00 to $57.00 and gave the stock a “sell” rating in a research report on Tuesday, January 23rd. Finally, Truist Financial lowered their price objective on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.58.

Hedge Funds Weigh In On Texas Capital Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC increased its position in Texas Capital Bancshares by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 13,134 shares of the bank’s stock valued at $849,000 after acquiring an additional 175 shares during the period. Retirement Systems of Alabama grew its stake in shares of Texas Capital Bancshares by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 60,143 shares of the bank’s stock worth $3,887,000 after purchasing an additional 208 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Texas Capital Bancshares by 3.3% during the first quarter. ProShare Advisors LLC now owns 10,804 shares of the bank’s stock valued at $665,000 after purchasing an additional 344 shares during the period. Headlands Technologies LLC raised its stake in shares of Texas Capital Bancshares by 41.9% during the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock valued at $104,000 after purchasing an additional 476 shares in the last quarter. Finally, Advisor Partners II LLC lifted its holdings in Texas Capital Bancshares by 11.3% in the third quarter. Advisor Partners II LLC now owns 4,924 shares of the bank’s stock worth $290,000 after purchasing an additional 501 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

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.