Texas Capital Bancshares (NASDAQ:TCBI) CEO Rob Holmes Sells 49,500 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) CEO Rob Holmes sold 49,500 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $101.22, for a total value of $5,010,390.00. Following the completion of the sale, the chief executive officer owned 167,635 shares in the company, valued at $16,968,014.70. This represents a 22.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Texas Capital Bancshares Stock Down 1.1%

Shares of TCBI opened at $100.60 on Tuesday. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 1.44 and a beta of 0.67. Texas Capital Bancshares, Inc. has a 1 year low of $73.61 and a 1 year high of $108.92. The business’s 50 day simple moving average is $99.48 and its 200-day simple moving average is $97.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. The business had revenue of $323.99 million for the quarter, compared to analysts’ expectations of $318.10 million. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. As a group, equities analysts expect that Texas Capital Bancshares, Inc. will post 7.63 earnings per share for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 1st. Texas Capital Bancshares’s dividend payout ratio is 10.75%.

Analyst Upgrades and Downgrades

TCBI has been the topic of several recent research reports. Zacks Research lowered Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Royal Bank Of Canada raised their price objective on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Piper Sandler boosted their price target on Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Finally, Wall Street Zen raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average target price of $104.09.

Institutional Investors Weigh In On Texas Capital Bancshares

Large investors have recently made changes to their positions in the stock. Danske Bank A S purchased a new stake in shares of Texas Capital Bancshares in the third quarter valued at approximately $25,000. Farther Finance Advisors LLC grew its position 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 purchasing an additional 304 shares in the last quarter. Root Financial Partners LLC grew its position in shares of Texas Capital Bancshares by 85.2% in the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after purchasing an additional 150 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Texas Capital Bancshares in the third quarter valued at approximately $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position 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. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

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.