Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings Purchases 726 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 726 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of $20.99 per share, for a total transaction of $15,238.74. Following the acquisition, the director now directly owns 183,625 shares in the company, valued at $3,854,288.75. The trade was a 0.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBI traded up $0.79 during midday trading on Thursday, reaching $79.30. 310,827 shares of the company traded hands, compared to its average volume of 493,956. The firm’s fifty day moving average price is $81.34 and its two-hundred day moving average price is $74.76. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 440.56, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. On average, equities analysts expect that Texas Capital Bancshares, Inc. will post 4.08 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on TCBI. Wedbush restated a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Piper Sandler downgraded Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and increased their price target for the company from $77.00 to $82.00 in a research report on Friday, October 18th. JPMorgan Chase & Co. cut their price objective on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday. Finally, Barclays boosted their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $79.13.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Millennium Management LLC grew its position in Texas Capital Bancshares by 146.7% during the second quarter. Millennium Management LLC now owns 372,370 shares of the bank’s stock worth $22,767,000 after buying an additional 221,454 shares in the last quarter. Algert Global LLC bought a new position in shares of Texas Capital Bancshares in the second quarter worth approximately $292,000. Point72 Asset Management L.P. purchased a new stake in Texas Capital Bancshares in the second quarter valued at approximately $2,704,000. Teachers Retirement System of The State of Kentucky lifted its position in Texas Capital Bancshares by 9.5% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 47,381 shares of the bank’s stock valued at $2,897,000 after purchasing an additional 4,124 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Texas Capital Bancshares by 47.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,723 shares of the bank’s stock worth $909,000 after buying an additional 4,100 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.