Insider Buying: Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Purchases 1,000 Shares of Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 1,000 shares of the stock in a transaction on Tuesday, April 29th. The stock was acquired at an average cost of $19.84 per share, for a total transaction of $19,840.00. Following the acquisition, the director now directly owns 229,913 shares in the company, valued at approximately $4,561,473.92. The trade was a 0.44 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Texas Capital Bancshares Stock Up 0.9 %

Shares of NASDAQ TCBI opened at $68.75 on Friday. Texas Capital Bancshares, Inc. has a 52-week low of $56.24 and a 52-week high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $3.16 billion, a P/E ratio of 53.71, a P/E/G ratio of 0.75 and a beta of 0.74. The firm has a 50 day moving average price of $70.80 and a 200 day moving average price of $77.65.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $280.48 million during the quarter, compared to analyst estimates of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on TCBI shares. Barclays reduced their price objective on Texas Capital Bancshares from $73.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. Stephens dropped their price objective on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Hovde Group decreased their target price on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st. Finally, Raymond James dropped their price target on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $76.64.

Institutional Investors Weigh In On Texas Capital Bancshares

Several large investors have recently modified their holdings of TCBI. Picton Mahoney Asset Management acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $30,000. Assetmark Inc. bought a new position in Texas Capital Bancshares in the fourth quarter valued at approximately $32,000. Venturi Wealth Management LLC acquired a new position in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $37,000. R Squared Ltd bought a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $41,000. Finally, UMB Bank n.a. raised its holdings in shares of Texas Capital Bancshares by 1,089.8% during the first quarter. UMB Bank n.a. now owns 583 shares of the bank’s stock worth $44,000 after acquiring an additional 534 shares during the period. 96.88% of the stock is currently 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.