Insider Buying: Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Acquires 7,000 Shares of Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 7,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were acquired at an average cost of $21.32 per share, with a total value of $149,240.00. Following the purchase, the director now directly owns 215,413 shares of the company’s stock, valued at approximately $4,592,605.16. This represents a 3.36 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Texas Capital Bancshares Trading Down 0.6 %

Shares of TCBI traded down $0.52 during trading on Friday, reaching $83.00. 462,242 shares of the company traded hands, compared to its average volume of 503,358. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The stock has a market cap of $3.84 billion, a PE ratio of 64.84, a price-to-earnings-growth ratio of 0.73 and a beta of 1.16. The stock has a 50-day simple moving average of $80.37 and a 200-day simple moving average of $75.22. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 5.82 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Texas Capital Bancshares by 89.9% during the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after purchasing an additional 169 shares in the last quarter. Assetmark Inc. purchased a new position in shares of Texas Capital Bancshares during the fourth quarter worth about $32,000. Icon Wealth Advisors LLC purchased a new position in shares of Texas Capital Bancshares during the third quarter worth about $31,000. Venturi Wealth Management LLC purchased a new position in shares of Texas Capital Bancshares during the fourth quarter worth about $37,000. Finally, R Squared Ltd purchased a new position in shares of Texas Capital Bancshares during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TCBI shares. Hovde Group raised their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. DA Davidson dropped their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. dropped their price target on shares of 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. Barclays lifted their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, Stephens reduced 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 report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $79.13.

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.