Insider Buying: Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Acquires 4,000 Shares of Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings purchased 4,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were bought at an average cost of $20.62 per share, with a total value of $82,480.00. Following the transaction, the director now directly owns 12,794 shares of the company’s stock, valued at approximately $263,812.28. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBI traded down $1.51 on Monday, hitting $65.79. 368,305 shares of the company were exchanged, compared to its average volume of 429,993. Texas Capital Bancshares, Inc. has a one year low of $52.89 and a one year high of $72.07. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.80 and a beta of 1.15. The company’s 50 day moving average price is $61.05 and its two-hundred day moving average price is $60.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, July 18th. The bank reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.06). Texas Capital Bancshares had a return on equity of 6.05% and a net margin of 8.08%. The firm had revenue of $472.49 million during the quarter, compared to the consensus estimate of $268.02 million. During the same period in the previous year, the company posted $1.33 EPS. Research analysts expect that Texas Capital Bancshares, Inc. will post 3.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Hovde Group decreased their target price on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating on the stock in a research report on Friday, April 19th. Royal Bank of Canada lowered their price objective on Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 9th. Truist Financial increased their target price on Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Keefe, Bruyette & Woods reduced their price target on shares of Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. Finally, Wedbush raised their target price on shares of Texas Capital Bancshares from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average price target of $65.19.

Hedge Funds Weigh In On Texas Capital Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at $35,120,000. Louisiana State Employees Retirement System acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $873,000. Rafferty Asset Management LLC increased its stake in Texas Capital Bancshares by 144.5% during the 4th quarter. Rafferty Asset Management LLC now owns 123,140 shares of the bank’s stock worth $7,959,000 after purchasing an additional 72,782 shares in the last quarter. Trexquant Investment LP acquired a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $3,402,000. Finally, Goldman Sachs Group Inc. lifted its stake in Texas Capital Bancshares by 42.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 544,408 shares of the bank’s stock valued at $35,185,000 after buying an additional 161,643 shares in the last quarter. 96.88% of the stock is owned by 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.