Robert Stallings Buys 5,500 Shares of Texas Capital Bancshares (NASDAQ:TCBI) Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert Stallings purchased 5,500 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $22.80 per share, with a total value of $125,400.00. Following the acquisition, the director directly owned 175,087 shares of the company’s stock, valued at $3,991,983.60. This represents a 3.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Texas Capital Bancshares Stock Up 0.3%

NASDAQ:TCBI traded up $0.29 during trading hours on Monday, hitting $92.19. 450,065 shares of the company traded hands, compared to its average volume of 487,012. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The company has a market cap of $4.07 billion, a PE ratio of 13.56, a PEG ratio of 0.44 and a beta of 0.66. The firm’s 50-day simple moving average is $98.80 and its 200-day simple moving average is $91.33. Texas Capital Bancshares, Inc. has a one year low of $59.37 and a one year high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.30. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. The firm had revenue of $327.48 million during the quarter, compared to analyst estimates of $324.09 million. During the same quarter in the prior year, the business posted $1.43 EPS. Equities analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on TCBI. Stephens lifted their target price on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. TD Cowen increased their price target on Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Raymond James Financial lifted their price target on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Zacks Research raised Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Piper Sandler upped their price objective on Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Texas Capital Bancshares has a consensus rating of “Hold” and an average target price of $101.17.

Institutional Investors Weigh In On Texas Capital Bancshares

Hedge funds have recently modified their holdings of the stock. Optimize Financial Inc bought a new stake in shares of Texas Capital Bancshares in the third quarter valued at $441,000. Federated Hermes Inc. grew its stake in shares of Texas Capital Bancshares by 153.7% during the 3rd quarter. Federated Hermes Inc. now owns 123,900 shares of the bank’s stock worth $10,473,000 after acquiring an additional 75,061 shares during the period. Thrivent Financial for Lutherans increased its holdings in Texas Capital Bancshares by 15.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 44,242 shares of the bank’s stock worth $3,740,000 after acquiring an additional 5,867 shares during the last quarter. CWM LLC raised its stake in Texas Capital Bancshares by 145.1% in the 3rd quarter. CWM LLC now owns 21,909 shares of the bank’s stock valued at $1,852,000 after acquiring an additional 12,971 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Texas Capital Bancshares in the 3rd quarter valued at about $884,000. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.