Insider Buying: Texas Capital Bancshares (NASDAQ:TCBI) Director Buys $48,780.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Laura Whitley acquired 500 shares of the stock in a transaction on Friday, January 23rd. The shares were acquired at an average price of $97.56 per share, for a total transaction of $48,780.00. Following the acquisition, the director owned 7,461 shares of the company’s stock, valued at approximately $727,895.16. The trade was a 7.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Texas Capital Bancshares Stock Up 2.2%

Shares of NASDAQ TCBI opened at $101.03 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50-day moving average price of $94.56 and a 200-day moving average price of $88.28. The stock has a market capitalization of $4.61 billion, a P/E ratio of 14.86, a P/E/G ratio of 0.48 and a beta of 0.67. Texas Capital Bancshares, Inc. has a 1 year low of $59.37 and a 1 year high of $105.36.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.30. The firm had revenue of $327.48 million during the quarter, compared to analyst estimates of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same period in the previous year, the company posted $1.43 EPS. On average, equities research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Texas Capital Bancshares

Large investors have recently modified their holdings of the stock. Danske Bank A S purchased a new position in Texas Capital Bancshares in the third quarter valued at approximately $25,000. Farther Finance Advisors LLC raised its stake in shares of Texas Capital Bancshares by 1,381.8% in the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after buying an additional 304 shares during the period. Advisory Services Network LLC purchased a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Texas Capital Bancshares by 169.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after buying an additional 246 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Texas Capital Bancshares during the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

TCBI has been the topic of several recent analyst reports. Royal Bank Of Canada raised their price objective on Texas Capital Bancshares from $105.00 to $110.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Barclays raised their price target on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 23rd. Weiss Ratings raised shares of Texas Capital Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 31st. Raymond James Financial lifted their target price on shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Finally, Hovde Group upped their target price on Texas Capital Bancshares from $93.00 to $102.00 and gave the company a “market perform” rating in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $101.17.

Texas Capital Bancshares Company Profile

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.