Texas Capital Bancshares (NASDAQ:TCBI) Director Robert Stallings Buys 5,500 Shares of Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert Stallings bought 5,500 shares of the business’s stock in a transaction on Friday, March 6th. The shares were acquired at an average price of $22.80 per share, for a total transaction of $125,400.00. Following the completion of the transaction, the director owned 175,087 shares in the company, valued at approximately $3,991,983.60. This trade represents a 3.24% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Texas Capital Bancshares Stock Up 0.3%

Shares of Texas Capital Bancshares stock opened at $92.19 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The stock has a market cap of $4.07 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.44 and a beta of 0.66. The business has a fifty day simple moving average of $98.79 and a 200 day simple moving average of $91.39. Texas Capital Bancshares, Inc. has a 12 month low of $59.37 and a 12 month high of $108.92.

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 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 for the quarter, compared to the consensus estimate of $324.09 million. During the same quarter last year, the business posted $1.43 EPS. Research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Institutional Investors Weigh In On Texas Capital Bancshares

Several large investors have recently made changes to their positions in TCBI. Optimize Financial Inc acquired a new position in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $441,000. Federated Hermes Inc. raised its stake in Texas Capital Bancshares by 153.7% in the 3rd quarter. Federated Hermes Inc. now owns 123,900 shares of the bank’s stock valued at $10,473,000 after acquiring an additional 75,061 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Texas Capital Bancshares by 15.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 44,242 shares of the bank’s stock valued at $3,740,000 after purchasing an additional 5,867 shares during the last quarter. CWM LLC lifted its holdings in Texas Capital Bancshares by 145.1% during the 3rd quarter. CWM LLC now owns 21,909 shares of the bank’s stock valued at $1,852,000 after purchasing an additional 12,971 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Texas Capital Bancshares during the third quarter worth $884,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays boosted their price target on Texas Capital Bancshares from $90.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 23rd. Stephens lifted their target price on Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Raymond James Financial upped their price target on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. TD Cowen increased their target price on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Finally, Royal Bank Of Canada raised their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Texas Capital Bancshares has an average rating of “Hold” and a consensus price target of $101.17.

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.