Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings Acquires 3,000 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert W. Stallings acquired 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of $19.50 per share, with a total value of $58,500.00. Following the acquisition, the director now directly owns 156,706 shares in the company, valued at $3,055,767. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI traded up $0.69 during trading hours on Tuesday, hitting $62.18. 196,966 shares of the company were exchanged, compared to its average volume of 455,683. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 2.18 and a beta of 1.17. Texas Capital Bancshares, Inc. has a 52-week low of $43.66 and a 52-week high of $66.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. The company's 50 day moving average price is $59.27 and its 200-day moving average price is $59.34.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, April 18th. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. The company had revenue of $256.33 million for the quarter, compared to the consensus estimate of $253.27 million. Texas Capital Bancshares had a net margin of 9.66% and a return on equity of 7.05%. As a group, research analysts forecast that Texas Capital Bancshares, Inc. will post 3.53 earnings per share for the current year.

Institutional Trading of Texas Capital Bancshares

Large investors have recently made changes to their positions in the business. CWM LLC boosted its holdings in shares of Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank's stock valued at $41,000 after acquiring an additional 546 shares during the last quarter. Mather Group LLC. purchased a new stake in Texas Capital Bancshares during the first quarter worth $50,000. Fidelis Capital Partners LLC purchased a new stake in Texas Capital Bancshares during the first quarter worth $54,000. Headlands Technologies LLC boosted its holdings in Texas Capital Bancshares by 41.9% during the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank's stock worth $104,000 after buying an additional 476 shares in the last quarter. Finally, Strs Ohio boosted its holdings in Texas Capital Bancshares by 133.3% during the third quarter. Strs Ohio now owns 2,100 shares of the bank's stock worth $123,000 after buying an additional 1,200 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stephens reduced their price target on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an "overweight" rating for the company in a report on Friday, April 19th. JPMorgan Chase & Co. reduced their price target on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an "underweight" rating for the company in a report on Thursday, April 4th. Mizuho restated a "hold" rating and issued a $66.00 price target (down previously from $72.00) on shares of Texas Capital Bancshares in a report on Monday, April 1st. Royal Bank of Canada reduced their price target on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a "sector perform" rating for the company in a report on Tuesday, April 9th. Finally, Raymond James lowered shares of Texas Capital Bancshares from a "strong-buy" rating to a "market perform" rating in a report on Thursday, April 4th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Texas Capital Bancshares presently has an average rating of "Hold" and a consensus target price of $63.58.

Texas Capital Bancshares Company Profile

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.

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