Insider Buying: Texas Capital Bancshares (NASDAQ:TCBI) Director Buys $206,100.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert Stallings purchased 10,000 shares of the stock in a transaction on Friday, October 24th. The shares were purchased at an average price of $20.61 per share, with a total value of $206,100.00. Following the acquisition, the director directly owned 265,913 shares in the company, valued at $5,480,466.93. This represents a 3.91% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Texas Capital Bancshares Trading Down 1.4%

NASDAQ TCBI opened at $82.14 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $94.61. The stock has a market capitalization of $3.75 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.63 and a beta of 0.67. The firm has a 50 day moving average of $85.07 and a two-hundred day moving average of $80.13.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, October 22nd. The bank reported $2.18 EPS for the quarter, topping the consensus estimate of $1.77 by $0.41. Texas Capital Bancshares had a net margin of 15.14% and a return on equity of 9.51%. The company had revenue of $340.35 million during the quarter, compared to analysts’ expectations of $327.13 million. During the same quarter in the previous year, the business posted ($1.41) EPS. The firm’s revenue was up 171.6% on a year-over-year basis. As a group, research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on TCBI shares. Zacks Research cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of Texas Capital Bancshares from $90.00 to $92.00 and gave the stock an “underweight” rating in a research report on Thursday, October 23rd. TD Cowen upgraded shares of Texas Capital Bancshares to a “hold” rating in a research report on Thursday, September 25th. Cowen began coverage on shares of Texas Capital Bancshares in a research report on Wednesday, September 24th. They set a “hold” rating for the company. Finally, Hovde Group boosted their price objective on shares of Texas Capital Bancshares from $85.00 to $93.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.60.

Institutional Trading of Texas Capital Bancshares

A number of large investors have recently bought and sold shares of the business. Teacher Retirement System of Texas boosted its stake in Texas Capital Bancshares by 2.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 7,149 shares of the bank’s stock worth $604,000 after purchasing an additional 144 shares during the period. Quadrant Private Wealth Management LLC boosted its stake in Texas Capital Bancshares by 1.3% during the 3rd quarter. Quadrant Private Wealth Management LLC now owns 20,565 shares of the bank’s stock worth $1,738,000 after purchasing an additional 273 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Texas Capital Bancshares during the 3rd quarter worth $884,000. NorthCrest Asset Manangement LLC acquired a new stake in Texas Capital Bancshares during the 3rd quarter worth $226,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Texas Capital Bancshares by 28.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,121 shares of the bank’s stock worth $963,000 after purchasing an additional 2,439 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.

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.