Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Buys $147,700.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings acquired 7,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were acquired at an average price of $21.10 per share, with a total value of $147,700.00. Following the completion of the purchase, the director now owns 202,413 shares in the company, valued at approximately $4,270,914.30. This trade represents a 3.58 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Texas Capital Bancshares Stock Down 0.6 %

Shares of NASDAQ TCBI opened at $83.00 on Friday. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The company’s 50-day simple moving average is $80.26 and its 200-day simple moving average is $75.33. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 64.84, a price-to-earnings-growth ratio of 0.78 and a beta of 1.16.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Equities analysts predict that Texas Capital Bancshares, Inc. will post 5.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. DA Davidson decreased their target price on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Barclays boosted their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $79.13.

Institutional Trading of Texas Capital Bancshares

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Texas Capital Bancshares by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock valued at $81,856,000 after purchasing an additional 13,022 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Texas Capital Bancshares by 15.4% in the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock valued at $80,265,000 after buying an additional 150,301 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Texas Capital Bancshares by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 572,539 shares of the bank’s stock worth $44,773,000 after buying an additional 1,700 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in Texas Capital Bancshares by 12.6% during the third quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank’s stock worth $33,372,000 after acquiring an additional 52,095 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in Texas Capital Bancshares by 26.9% during the 4th quarter. Fisher Asset Management LLC now owns 339,716 shares of the bank’s stock valued at $26,566,000 after acquiring an additional 72,109 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

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.