Texas Capital Bancshares Inc (NASDAQ:TCBI) Director Ian J. Turpin sold 1,186 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $89.55, for a total value of $106,206.30. Following the transaction, the director now directly owns 9,491 shares of the company’s stock, valued at approximately $849,919.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Texas Capital Bancshares Inc (TCBI) traded down $1.60 on Wednesday, reaching $93.55. The company’s stock had a trading volume of 289,012 shares, compared to its average volume of 468,326. The firm has a market capitalization of $4,760.02, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 1.32 and a beta of 1.75. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.28 and a quick ratio of 1.23. Texas Capital Bancshares Inc has a 12-month low of $69.65 and a 12-month high of $102.90.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.03. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. The company had revenue of $230.02 million during the quarter, compared to the consensus estimate of $219.78 million. During the same quarter in the prior year, the firm earned $0.96 EPS. research analysts predict that Texas Capital Bancshares Inc will post 6.07 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Texas Capital Bancshares in the third quarter valued at $101,000. Signature Financial Management Inc. purchased a new stake in shares of Texas Capital Bancshares in the third quarter valued at $215,000. Castleark Management LLC purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at $222,000. Legato Capital Management LLC acquired a new position in shares of Texas Capital Bancshares in the fourth quarter worth $227,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Texas Capital Bancshares in the fourth quarter worth $228,000.
A number of equities research analysts have issued reports on the company. DA Davidson boosted their price target on Texas Capital Bancshares to $105.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Bank of America boosted their price target on Texas Capital Bancshares from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $98.00 price target on shares of Texas Capital Bancshares in a research note on Thursday, January 25th. UBS Group upgraded Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 25th. Finally, Jefferies Group reiterated a “buy” rating on shares of Texas Capital Bancshares in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Texas Capital Bancshares presently has an average rating of “Hold” and a consensus target price of $98.75.
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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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