Insider Buying: Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Purchases $42,105.94 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 2,006 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of $20.99 per share, with a total value of $42,105.94. Following the transaction, the director now owns 182,899 shares in the company, valued at $3,839,050.01. The trade was a 1.11 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Texas Capital Bancshares Stock Up 1.0 %

Texas Capital Bancshares stock opened at $79.30 on Friday. The stock has a market capitalization of $3.66 billion, a PE ratio of 61.95, a price-to-earnings-growth ratio of 0.69 and a beta of 1.17. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The business has a 50 day simple moving average of $81.22 and a 200-day simple moving average of $74.79. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI) last issued 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 return on equity of 9.14% and a net margin of 3.99%. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 5.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Texas Capital Bancshares

Large investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of Texas Capital Bancshares by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock valued at $81,856,000 after buying an additional 13,022 shares during the period. Wellington Management Group LLP increased its holdings in shares of Texas Capital Bancshares by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock valued at $80,265,000 after acquiring an additional 150,301 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Texas Capital Bancshares by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock valued at $40,792,000 after acquiring an additional 10,171 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Texas Capital Bancshares by 12.6% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank’s stock valued at $33,372,000 after purchasing an additional 52,095 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of 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 valued at $23,323,000 after purchasing an additional 38,393 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TCBI shares. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and upped their price target for the company from $77.00 to $82.00 in a research report on Friday, October 18th. Barclays increased their target price 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. Stephens dropped their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday. Hovde Group upped their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, Wedbush restated a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus target price of $79.13.

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.