Robert W. Stallings Purchases 7,000 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 7,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $20.43 per share, for a total transaction of $143,010.00. Following the completion of the transaction, the director now directly owns 49,500 shares of the company’s stock, valued at $1,011,285. This trade represents a 16.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Texas Capital Bancshares Trading Up 0.4 %

NASDAQ TCBI opened at $74.01 on Friday. The business’s fifty day moving average is $78.91 and its 200-day moving average is $77.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 57.82, a PEG ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping 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%. Equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Wall Street Analyst Weigh In

TCBI has been the subject of a number of recent research reports. Stephens decreased their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. DA Davidson lowered their target price on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $95.00 price objective (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Finally, Hovde Group dropped their target price on Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a report on Friday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus price target of $79.47.

Hedge Funds Weigh In On Texas Capital Bancshares

Institutional investors have recently bought and sold shares of the company. Algert Global LLC raised its stake in shares of Texas Capital Bancshares by 367.3% in the third quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock valued at $1,595,000 after buying an additional 17,540 shares during the period. Jane Street Group LLC increased its holdings in Texas Capital Bancshares by 107.2% in the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after acquiring an additional 68,632 shares during the last quarter. LMR Partners LLP bought a new stake in Texas Capital Bancshares in the 3rd quarter valued at about $740,000. Wolverine Asset Management LLC lifted its holdings in Texas Capital Bancshares by 23.6% during the third quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank’s stock valued at $2,933,000 after purchasing an additional 7,849 shares during the last quarter. Finally, Creative Planning bought a new position in Texas Capital Bancshares during the third quarter worth about $440,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

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.