Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings Acquires 2,006 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 2,006 shares of the company’s stock in a transaction on Monday, January 27th. The shares were acquired at an average price of $20.99 per share, with a total value of $42,105.94. Following the completion of the acquisition, the director now directly owns 182,899 shares in the company, valued at $3,839,050.01. This represents a 1.11 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Texas Capital Bancshares Stock Down 1.1 %

Shares of NASDAQ TCBI opened at $77.83 on Wednesday. The stock has a market capitalization of $3.60 billion, a PE ratio of 432.39, a P/E/G ratio of 0.73 and a beta of 1.17. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average of $81.45 and a 200-day moving average of $74.73. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 4.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of Texas Capital Bancshares by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock worth $81,856,000 after acquiring an additional 13,022 shares in the last quarter. Wellington Management Group LLP increased its holdings in Texas Capital Bancshares by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock valued at $80,265,000 after purchasing an additional 150,301 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Texas Capital Bancshares by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock valued at $40,792,000 after purchasing an additional 10,171 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in Texas Capital Bancshares by 12.6% in the third quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank’s stock valued at $33,372,000 after purchasing an additional 52,095 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Texas Capital Bancshares by 11.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 381,462 shares of the bank’s stock worth $23,323,000 after purchasing an additional 38,393 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TCBI shares. Truist Financial raised their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Hovde Group boosted their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Wedbush reaffirmed a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Finally, Stephens decreased their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $77.73.

About Texas Capital Bancshares

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.