Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings Buys 5,670 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings purchased 5,670 shares of the stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of $27.60 per share, with a total value of $156,492.00. Following the transaction, the director now owns 180,893 shares in the company, valued at $4,992,646.80. This trade represents a 3.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Texas Capital Bancshares Stock Performance

TCBI opened at $79.30 on Friday. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 440.56, a P/E/G ratio of 0.73 and a beta of 1.17. The business’s 50-day moving average price is $81.22 and its two-hundred day moving average price is $74.79. Texas Capital Bancshares, Inc. has a 1 year low of $54.68 and a 1 year high of $91.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its 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%. Equities analysts expect that Texas Capital Bancshares, Inc. will post 4.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TCBI. Rhumbline Advisers lifted its position in Texas Capital Bancshares by 1.1% during the 4th quarter. Rhumbline Advisers now owns 167,686 shares of the bank’s stock worth $13,113,000 after buying an additional 1,811 shares in the last quarter. Savant Capital LLC raised its holdings in Texas Capital Bancshares by 5.7% during the fourth quarter. Savant Capital LLC now owns 5,604 shares of the bank’s stock worth $438,000 after acquiring an additional 303 shares in the last quarter. Entropy Technologies LP acquired a new position in Texas Capital Bancshares during the fourth quarter valued at approximately $849,000. Empowered Funds LLC bought a new position in Texas Capital Bancshares in the fourth quarter valued at approximately $288,000. Finally, Bleakley Financial Group LLC acquired a new position in shares of Texas Capital Bancshares during the 4th quarter worth approximately $214,000. Institutional investors own 96.88% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wedbush reaffirmed a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Piper Sandler cut Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $77.00 to $82.00 in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Stephens decreased their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Truist Financial increased their price target on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.13.

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.