Insider Selling: Texas Capital Bancshares (NASDAQ:TCBI) Insider Sells $204,561.35 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) insider Ellen Detrich sold 2,045 shares of Texas Capital Bancshares stock in a transaction on Friday, July 24th. The stock was sold at an average price of $100.03, for a total transaction of $204,561.35. Following the completion of the transaction, the insider directly owned 7,529 shares in the company, valued at approximately $753,125.87. The trade was a 21.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Texas Capital Bancshares Trading Up 0.3%

Shares of TCBI opened at $98.74 on Friday. The stock has a market capitalization of $4.29 billion, a P/E ratio of 12.84, a PEG ratio of 1.21 and a beta of 0.67. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $101.37 and a two-hundred day simple moving average of $99.61. Texas Capital Bancshares, Inc. has a twelve month low of $75.41 and a twelve month high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The business had revenue of $335.50 million for the quarter, compared to analyst estimates of $333.37 million. During the same quarter last year, the firm earned $1.63 EPS. The company’s revenue was up 9.1% on a year-over-year basis. On average, research analysts anticipate that Texas Capital Bancshares, Inc. will post 7.33 EPS for the current year.

Texas Capital Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 1st. Texas Capital Bancshares’s dividend payout ratio is currently 10.40%.

Hedge Funds Weigh In On Texas Capital Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Danske Bank A S bought a new position in Texas Capital Bancshares in the third quarter worth about $25,000. Farther Finance Advisors LLC boosted its position 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 acquiring an additional 304 shares in the last quarter. Root Financial Partners LLC boosted its position in Texas Capital Bancshares by 85.2% during the 1st quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after acquiring an additional 150 shares in the last quarter. Advisory Services Network LLC bought a new stake in Texas Capital Bancshares during the 3rd quarter valued at approximately $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 worth $35,000 after acquiring an additional 246 shares during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TCBI. Weiss Ratings restated a “buy (b)” rating on shares of Texas Capital Bancshares in a report on Monday, July 6th. Royal Bank Of Canada lifted their price objective on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Wall Street Zen cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Stephens decreased their target price on Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their target price on Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average price target of $105.83.

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.