Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Free Report) insider Anna Alvarado sold 3,500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total value of $353,325.00. Following the sale, the insider directly owned 23,810 shares of the company’s stock, valued at $2,403,619.50. The trade was a 12.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Texas Capital Bancshares Stock Performance
Shares of TCBI traded down $0.76 on Wednesday, reaching $100.19. 512,505 shares of the company’s stock traded hands, compared to its average volume of 466,026. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock has a market cap of $4.38 billion, a PE ratio of 13.47, a PEG ratio of 1.43 and a beta of 0.67. The stock’s 50 day simple moving average is $99.65 and its two-hundred day simple moving average is $97.26. Texas Capital Bancshares, Inc. has a 52-week low of $73.61 and a 52-week high of $108.92.
Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $323.99 million during the quarter, compared to the consensus estimate of $318.10 million. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.Texas Capital Bancshares’s revenue was up 15.5% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. On average, analysts forecast that Texas Capital Bancshares, Inc. will post 7.63 earnings per share for the current fiscal year.
Texas Capital Bancshares Announces Dividend
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its stake in Texas Capital Bancshares by 1.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,376,880 shares of the bank’s stock valued at $305,743,000 after buying an additional 43,003 shares in the last quarter. AQR Capital Management LLC grew its stake in Texas Capital Bancshares by 16.4% in the 4th quarter. AQR Capital Management LLC now owns 2,234,678 shares of the bank’s stock valued at $202,328,000 after buying an additional 315,484 shares in the last quarter. Geode Capital Management LLC grew its stake in Texas Capital Bancshares by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,197,494 shares of the bank’s stock valued at $108,436,000 after buying an additional 33,709 shares in the last quarter. Azora Capital LP grew its stake in Texas Capital Bancshares by 11.5% in the 3rd quarter. Azora Capital LP now owns 1,036,613 shares of the bank’s stock valued at $87,625,000 after buying an additional 106,599 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Texas Capital Bancshares by 2.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank’s stock valued at $76,740,000 after buying an additional 18,258 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Zacks Research lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Citigroup raised their price target on shares of Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a research note on Tuesday, April 28th. Piper Sandler raised their price target on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $104.09.
Get Our Latest Stock Analysis on Texas Capital Bancshares
About Texas Capital Bancshares
Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.
In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.
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