Texas Capital Bancshares (NASDAQ:TCBI) CEO Sells $5,010,390.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) CEO Rob Holmes sold 49,500 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $101.22, for a total value of $5,010,390.00. Following the completion of the transaction, the chief executive officer owned 167,635 shares in the company, valued at approximately $16,968,014.70. This trade represents a 22.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock traded down $1.09 on Monday, reaching $100.60. The stock had a trading volume of 451,920 shares, compared to its average volume of 415,262. The stock has a market cap of $4.39 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.44 and a beta of 0.67. Texas Capital Bancshares, Inc. has a 1 year low of $73.61 and a 1 year high of $108.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day simple moving average of $99.48 and a 200 day simple moving average of $97.15.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The firm had revenue of $323.99 million for the quarter, compared to the consensus estimate of $318.10 million. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. Equities research analysts expect that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current year.

Texas Capital Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 0.8%. Texas Capital Bancshares’s payout ratio is 10.75%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TCBI shares. Zacks Research downgraded Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Citigroup lifted their target price on Texas Capital Bancshares from $88.00 to $96.00 and gave the company a “sell” rating in a research report on Tuesday, April 28th. Wall Street Zen upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Royal Bank Of Canada lifted their target price on Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Finally, Piper Sandler lifted their target price on Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $104.09.

Institutional Investors Weigh In On Texas Capital Bancshares

Several large investors have recently made changes to their positions in TCBI. Danske Bank A S purchased a new position in Texas Capital Bancshares in the third quarter worth about $25,000. Farther Finance Advisors LLC grew its position in Texas Capital Bancshares by 1,381.8% in the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after acquiring an additional 304 shares in the last quarter. Root Financial Partners LLC grew its position in Texas Capital Bancshares by 85.2% in the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock worth $31,000 after acquiring an additional 150 shares in the last quarter. Advisory Services Network LLC purchased a new position in Texas Capital Bancshares in the third quarter worth about $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Texas Capital Bancshares by 169.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock worth $35,000 after acquiring an additional 246 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

About Texas Capital Bancshares

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.