Robert Stallings Buys 5,500 Shares of Texas Capital Bancshares (NASDAQ:TCBI) Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert Stallings bought 5,500 shares of Texas Capital Bancshares stock in a transaction dated Friday, March 6th. The stock was acquired at an average price of $22.80 per share, with a total value of $125,400.00. Following the purchase, the director directly owned 175,087 shares of the company’s stock, valued at approximately $3,991,983.60. This represents a 3.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock traded up $0.29 during trading on Monday, reaching $92.19. 450,065 shares of the company’s stock traded hands, compared to its average volume of 487,012. The company has a market capitalization of $4.07 billion, a P/E ratio of 13.56, a PEG ratio of 0.44 and a beta of 0.66. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average is $98.80 and its 200 day moving average is $91.33. Texas Capital Bancshares, Inc. has a 1 year low of $59.37 and a 1 year high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, beating 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 business had revenue of $327.48 million during the quarter, compared to analyst estimates of $324.09 million. During the same period in the previous year, the business earned $1.43 EPS. Equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Institutional Investors Weigh In On Texas Capital Bancshares

Hedge funds have recently bought and sold shares of the stock. Danske Bank A S purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at $25,000. Farther Finance Advisors LLC grew its position in Texas Capital Bancshares by 1,381.8% in the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after acquiring an additional 304 shares in the last quarter. Advisory Services Network LLC purchased a new position in Texas Capital Bancshares in the third quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in 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 acquiring an additional 246 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Texas Capital Bancshares in the fourth quarter valued at $36,000. 96.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TCBI has been the topic of several analyst reports. Piper Sandler upped their price target on Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Stephens upped their target price on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Barclays increased their target price on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Texas Capital Bancshares from $92.00 to $105.00 and gave the stock an “underweight” rating in a report on Tuesday, December 16th. Finally, Zacks Research upgraded Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $101.17.

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.