Texas Capital Bancshares (NASDAQ:TCBI) Director Paola Arbour Buys 1,000 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Paola Arbour bought 1,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average price of $91.50 per share, for a total transaction of $91,500.00. Following the purchase, the director directly owned 6,671 shares in the company, valued at approximately $610,396.50. This represents a 17.63% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Texas Capital Bancshares Stock Down 0.4%

Shares of TCBI traded down $0.33 during mid-day trading on Friday, hitting $92.01. 213,078 shares of the company’s stock were exchanged, compared to its average volume of 480,353. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $108.92. The company has a market cap of $4.07 billion, a PE ratio of 13.53, a P/E/G ratio of 0.44 and a beta of 0.66. The company has a 50-day simple moving average of $98.84 and a 200 day simple moving average of $91.43.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $324.09 million. During the same quarter in the previous year, the firm posted $1.43 earnings per share. On average, research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on TCBI. Raymond James Financial raised their price objective on Texas Capital Bancshares from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Piper Sandler upped their target price on Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. TD Cowen raised their price target on Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Royal Bank Of Canada boosted their price target on Texas Capital Bancshares from $105.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Finally, DA Davidson upped their price objective on Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $101.17.

Hedge Funds Weigh In On Texas Capital Bancshares

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Texas Capital Bancshares by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock worth $2,062,000 after acquiring an additional 1,206 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Texas Capital Bancshares by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock valued at $41,837,000 after purchasing an additional 20,231 shares during the last quarter. United Services Automobile Association bought a new position in Texas Capital Bancshares during the first quarter worth $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Texas Capital Bancshares by 29.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,761 shares of the bank’s stock worth $8,050,000 after purchasing an additional 24,538 shares during the period. Finally, Savant Capital LLC increased its holdings in shares of Texas Capital Bancshares by 84.1% in the second quarter. Savant Capital LLC now owns 18,567 shares of the bank’s stock valued at $1,474,000 after purchasing an additional 8,481 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

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.