Robert Stallings Acquires 20,000 Shares of Texas Capital Bancshares (NASDAQ:TCBI) Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert Stallings purchased 20,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were purchased at an average cost of $22.69 per share, with a total value of $453,800.00. Following the completion of the purchase, the director owned 169,587 shares in the company, valued at $3,847,929.03. This represents a 13.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Texas Capital Bancshares Price Performance

Shares of TCBI traded up $0.29 during midday trading on Monday, reaching $92.19. The stock had a trading volume of 450,065 shares, compared to its average volume of 487,012. 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 market capitalization of $4.07 billion, a P/E ratio of 13.56, a P/E/G ratio of 0.44 and a beta of 0.66. The firm’s 50 day moving average price is $98.80 and its 200-day moving average price is $91.33. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.30. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.The business had revenue of $327.48 million during the quarter, compared to analysts’ expectations of $324.09 million. During the same quarter last year, the business posted $1.43 earnings per share. On average, analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TCBI has been the subject of several recent research reports. TD Cowen increased their target price on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, January 26th. DA Davidson upped their price target on Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Royal Bank Of Canada increased their price objective on Texas Capital Bancshares from $105.00 to $110.00 and gave the company a “sector perform” rating in a research report on Friday, January 23rd. Hovde Group lifted their target price on Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Finally, Zacks Research raised Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Texas Capital Bancshares has an average rating of “Hold” and a consensus target price of $101.17.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of large investors have recently made changes to their positions in TCBI. Danske Bank A S acquired a new position in Texas Capital Bancshares in the 3rd quarter worth approximately $25,000. Farther Finance Advisors LLC raised its stake in Texas Capital Bancshares by 1,381.8% during the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after purchasing an additional 304 shares during the period. Advisory Services Network LLC acquired a new stake in Texas Capital Bancshares during the 3rd quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Texas Capital Bancshares by 169.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after purchasing an additional 246 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

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.