Texas Capital Bancshares, Inc. (TCBI) CFO Peter B. Bartholow Sells 4,000 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) CFO Peter B. Bartholow sold 4,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $74.52, for a total value of $298,080.00. Following the sale, the chief financial officer now owns 37,671 shares in the company, valued at approximately $2,807,242.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Texas Capital Bancshares, Inc. (TCBI) traded down 2.11% on Tuesday, reaching $76.40. 96,642 shares of the company traded hands. The stock has a 50-day moving average price of $76.32 and a 200 day moving average price of $80.35. The firm has a market capitalization of $3.79 billion, a P/E ratio of 22.38 and a beta of 1.66. Texas Capital Bancshares, Inc. has a 1-year low of $41.47 and a 1-year high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, April 19th. The bank reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.08. The company had revenue of $180.47 million for the quarter, compared to analyst estimates of $192.60 million. Texas Capital Bancshares had a return on equity of 9.90% and a net margin of 21.42%. During the same quarter in the prior year, the company posted $0.49 earnings per share. Analysts anticipate that Texas Capital Bancshares, Inc. will post $3.86 EPS for the current fiscal year.

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Several equities analysts have recently commented on the company. Barclays PLC reaffirmed a “hold” rating and issued a $75.00 target price (down previously from $78.00) on shares of Texas Capital Bancshares in a research report on Friday, April 21st. Keefe, Bruyette & Woods set a $83.00 target price on Texas Capital Bancshares and gave the stock a “hold” rating in a research note on Monday, April 3rd. Stephens reiterated a “hold” rating on shares of Texas Capital Bancshares in a research note on Thursday, April 20th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $80.00 target price (down from $85.00) on shares of Texas Capital Bancshares in a research report on Saturday, April 22nd. Finally, Zacks Investment Research downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $81.00.

Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Texas Capital Bancshares by 19,441.6% in the first quarter. BlackRock Inc. now owns 5,594,948 shares of the bank’s stock worth $466,900,000 after buying an additional 5,566,317 shares during the period. State Street Corp boosted its stake in shares of Texas Capital Bancshares by 48.4% in the first quarter. State Street Corp now owns 3,047,810 shares of the bank’s stock worth $254,339,000 after buying an additional 994,585 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Texas Capital Bancshares by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,541,618 shares of the bank’s stock worth $120,864,000 after buying an additional 74,051 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Texas Capital Bancshares by 16.9% in the first quarter. Bank of New York Mellon Corp now owns 899,404 shares of the bank’s stock worth $75,056,000 after buying an additional 130,263 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of Texas Capital Bancshares by 13.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 815,180 shares of the bank’s stock worth $63,910,000 after buying an additional 94,221 shares during the period.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.

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