Texas Capital Bancshares (NASDAQ:TCBI) Stock Acquired Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI). In a filing disclosed on November 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Texas Capital Bancshares stock on October 31st. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of ITT (NYSE:ITT) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of ICU Medical (NASDAQ:ICUI) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of AppFolio (NASDAQ:APPF) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Gates Industrial (NYSE:GTES) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 10/29/2024.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 10/28/2024.
• Purchased $1,001 – $15,000 in shares of Disco (OTCMKTS:DSCSY) on 10/28/2024.
• Purchased $1,001 – $15,000 in shares of Enerpac Tool Group (NYSE:EPAC) on 10/25/2024.
• Purchased $1,001 – $15,000 in shares of Disco (OTCMKTS:DSCSY) on 10/25/2024.

Texas Capital Bancshares Price Performance

NASDAQ TCBI opened at $82.97 on Friday. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 460.94, a PEG ratio of 0.81 and a beta of 1.12. Texas Capital Bancshares, Inc. has a 1-year low of $53.16 and a 1-year high of $86.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day moving average price is $73.32 and its 200-day moving average price is $65.46.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in Texas Capital Bancshares by 73.0% in the 1st quarter. BNP Paribas Financial Markets now owns 25,489 shares of the bank’s stock valued at $1,569,000 after acquiring an additional 10,752 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Texas Capital Bancshares in the 1st quarter valued at $54,000. SG Americas Securities LLC increased its holdings in Texas Capital Bancshares by 40.4% in the 1st quarter. SG Americas Securities LLC now owns 3,932 shares of the bank’s stock valued at $242,000 after acquiring an additional 1,131 shares during the last quarter. Tectonic Advisors LLC increased its holdings in Texas Capital Bancshares by 15.2% in the 1st quarter. Tectonic Advisors LLC now owns 21,110 shares of the bank’s stock valued at $1,299,000 after acquiring an additional 2,783 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in Texas Capital Bancshares by 80.4% in the 1st quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock valued at $179,000 after acquiring an additional 1,297 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 20,000 shares of Texas Capital Bancshares stock in a transaction on Tuesday, October 22nd. The shares were bought at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the acquisition, the director now owns 84,587 shares in the company, valued at approximately $1,800,011.36. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TCBI shares. Royal Bank of Canada raised their target price on Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Hovde Group upped their target price on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Stephens lifted their price target on shares of Texas Capital Bancshares from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. Four 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.00.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.