Insider Buying: Texas Capital Bancshares (NASDAQ:TCBI) Director Buys 1,000 Shares of Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Paola Arbour acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average price of $91.50 per share, with a total value of $91,500.00. Following the completion of the transaction, the director owned 6,671 shares in the company, valued at $610,396.50. The trade was a 17.63% 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 Price Performance

NASDAQ:TCBI traded up $1.42 during trading hours on Thursday, hitting $92.34. The company’s stock had a trading volume of 727,005 shares, compared to its average volume of 486,246. 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 $4.08 billion, a P/E ratio of 13.58, a PEG ratio of 0.45 and a beta of 0.66. Texas Capital Bancshares, Inc. has a twelve month low of $59.37 and a twelve month high of $108.92. The stock has a fifty day simple moving average of $98.80 and a 200-day simple moving average of $91.42.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Danske Bank A S bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at about $25,000. Farther Finance Advisors LLC increased 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 bought a new position in shares of Texas Capital Bancshares during the third quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 worth $35,000 after acquiring an additional 246 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Texas Capital Bancshares in the fourth quarter worth approximately $36,000. 96.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on TCBI shares. Stephens raised their target price on shares of 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 shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Capital Bancshares in a research note on Wednesday, January 28th. DA Davidson boosted their price objective on Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price on Texas Capital Bancshares from $92.00 to $105.00 and gave the stock an “underweight” rating in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus 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.