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FB   338.03 (+1.47%)
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NVDA   333.76 (+5.95%)
BABA   131.61 (-1.30%)
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CGC   11.06 (-5.39%)
AMD   161.91 (+4.59%)
GE   98.40 (+0.57%)
MU   86.14 (+3.26%)
T   23.89 (-1.36%)
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AMC   36.84 (-2.10%)
PFE   52.40 (-2.96%)
BA   198.50 (-0.36%)

Paola M. Arbour Buys 251 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock

Monday, November 22, 2021 | MarketBeat

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Paola M. Arbour acquired 251 shares of the firm's stock in a transaction dated Friday, November 19th. The shares were purchased at an average cost of $59.26 per share, for a total transaction of $14,874.26. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Texas Capital Bancshares stock traded up $2.21 on Monday, hitting $60.35. The stock had a trading volume of 4,185 shares, compared to its average volume of 630,605. The firm has a market capitalization of $3.05 billion, a P/E ratio of 12.81 and a beta of 1.85. The stock has a 50 day moving average of $60.58 and a 200 day moving average of $63.62. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.10 and a current ratio of 1.10. Texas Capital Bancshares, Inc. has a twelve month low of $52.06 and a twelve month high of $93.26.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Tuesday, October 19th. The bank reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $1.09 by ($0.33). Texas Capital Bancshares had a net margin of 23.46% and a return on equity of 8.98%. The company had revenue of $215.30 million during the quarter, compared to the consensus estimate of $224.90 million. During the same quarter last year, the firm posted $1.08 EPS. The company's quarterly revenue was down 19.6% on a year-over-year basis. Equities analysts expect that Texas Capital Bancshares, Inc. will post 4.36 earnings per share for the current year.

Several analysts recently commented on TCBI shares. Hovde Group lowered Texas Capital Bancshares from an "outperform" rating to a "market perform" rating in a research note on Thursday, September 2nd. Zacks Investment Research raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating and set a $63.00 price target for the company in a report on Friday. Janney Montgomery Scott cut shares of Texas Capital Bancshares from a "buy" rating to a "neutral" rating in a research note on Thursday, September 2nd. Raymond James cut their target price on shares of Texas Capital Bancshares from $78.00 to $75.00 and set an "outperform" rating for the company in a research note on Thursday, September 2nd. They noted that the move was a valuation call. Finally, Wedbush lowered Texas Capital Bancshares from an "outperform" rating to a "neutral" rating in a research report on Thursday, September 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Capital Bancshares has a consensus rating of "Hold" and a consensus target price of $74.28.

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Texas Capital Bancshares by 178,572.6% during the 1st quarter. FMR LLC now owns 150,085 shares of the bank's stock worth $8,194,000 after acquiring an additional 150,001 shares during the period. Thrivent Financial for Lutherans grew its position in Texas Capital Bancshares by 1.6% in the 1st quarter. Thrivent Financial for Lutherans now owns 13,418 shares of the bank's stock valued at $952,000 after purchasing an additional 207 shares during the period. Captrust Financial Advisors increased its stake in Texas Capital Bancshares by 1,149.3% during the 1st quarter. Captrust Financial Advisors now owns 1,799 shares of the bank's stock valued at $128,000 after purchasing an additional 1,655 shares in the last quarter. Man Group plc acquired a new position in Texas Capital Bancshares during the first quarter worth $514,000. Finally, Blackstone Group Inc. bought a new position in shares of Texas Capital Bancshares in the first quarter valued at $6,321,000. Institutional investors and hedge funds own 94.65% of the company's stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the holding company for Texas Capital Bank NA. It provides commercial banking services to its customers in Texas and concentrates on middle market commercial businesses and successful professionals and entrepreneurs. The firm loan portfolio comprises of commercial loans, real estate loans, construction loans and letters of credit; business deposit products include commercial checking accounts, lockbox accounts, cash concentration accounts, and other treasury management services, including an on-line system; trust and wealth management services include investment management, personal trust and estate services, custodial services, retirement accounts and related services.

Recommended Story: Dual Listing

Insider Buying and Selling by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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