Robert W. Stallings Purchases 10,500 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert W. Stallings purchased 10,500 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was purchased at an average cost of $20.28 per share, for a total transaction of $212,940.00. Following the acquisition, the director owned 60,000 shares of the company's stock, valued at approximately $1,216,800. This trade represents a 21.21% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Texas Capital Bancshares Trading Up 1.9%

TCBI stock traded up $1.64 during midday trading on Thursday, hitting $85.90. The company had a trading volume of 254,282 shares, compared to its average volume of 457,445. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 0.91 and a beta of 0.66. Texas Capital Bancshares, Inc. has a 52 week low of $56.24 and a 52 week high of $91.80. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.21. The stock's 50 day moving average price is $74.14 and its 200 day moving average price is $75.02.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The firm had revenue of $280.48 million for the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a net margin of 5.04% and a return on equity of 9.39%. As a group, equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TCBI shares. Raymond James Financial lowered their target price on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Hovde Group lowered their price objective on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. DA Davidson cut their target price on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Stephens dropped their price target on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Piper Sandler cut their price objective on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Texas Capital Bancshares presently has an average rating of "Hold" and a consensus target price of $78.86.

Institutional Investors Weigh In On Texas Capital Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of TCBI. Nomura Holdings Inc. purchased a new position in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $479,000. Bank of America Corp DE increased its position in Texas Capital Bancshares by 25.0% during the 4th quarter. Bank of America Corp DE now owns 198,906 shares of the bank's stock valued at $15,554,000 after purchasing an additional 39,832 shares during the period. US Bancorp DE increased its position in Texas Capital Bancshares by 1,575.0% during the 4th quarter. US Bancorp DE now owns 10,519 shares of the bank's stock valued at $823,000 after purchasing an additional 9,891 shares during the period. Victory Capital Management Inc. lifted its position in shares of Texas Capital Bancshares by 37.5% in the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock worth $7,538,000 after purchasing an additional 26,294 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Texas Capital Bancshares during the 1st quarter valued at about $16,938,000. Hedge funds and other 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.