Insider Buying: Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Acquires 2,006 Shares of Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings purchased 2,006 shares of the business’s stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the transaction, the director now directly owns 182,899 shares of the company’s stock, valued at approximately $3,839,050.01. The trade was a 1.11 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock traded down $0.85 on Tuesday, reaching $77.83. The stock had a trading volume of 437,990 shares, compared to its average volume of 511,411. Texas Capital Bancshares, Inc. has a 1 year low of $54.68 and a 1 year high of $91.80. The stock has a market cap of $3.60 billion, a P/E ratio of 432.39, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day simple moving average of $81.61 and a 200 day simple moving average of $74.64.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TCBI shares. DA Davidson decreased their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Friday. JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday. Barclays raised their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Hovde Group boosted their target price on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $77.73.

Institutional Investors Weigh In On Texas Capital Bancshares

Institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC acquired a new stake in Texas Capital Bancshares in the second quarter valued at approximately $207,000. D. E. Shaw & Co. Inc. raised its holdings in Texas Capital Bancshares by 11.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 381,462 shares of the bank’s stock worth $23,323,000 after purchasing an additional 38,393 shares during the period. Millennium Management LLC raised 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 acquiring an additional 221,454 shares during the period. Algert Global LLC purchased a new position in Texas Capital Bancshares in the 2nd quarter valued at $292,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Texas Capital Bancshares during the 2nd quarter worth approximately $2,704,000. Institutional investors own 96.88% of the company’s stock.

About Texas Capital Bancshares

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.