Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings Purchases 6,000 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert W. Stallings bought 6,000 shares of Texas Capital Bancshares stock in a transaction on Monday, May 20th. The shares were acquired at an average price of $19.52 per share, for a total transaction of $117,120.00. Following the completion of the acquisition, the director now owns 163,706 shares in the company, valued at $3,195,541.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Texas Capital Bancshares Price Performance

NASDAQ:TCBI traded down $1.09 during mid-day trading on Wednesday, hitting $59.96. 261,886 shares of the company's stock traded hands, compared to its average volume of 443,464. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. The firm's 50 day simple moving average is $59.42 and its 200 day simple moving average is $59.61. Texas Capital Bancshares, Inc. has a 1 year low of $46.54 and a 1 year high of $66.18. The company has a market cap of $2.80 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 2.17 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its earnings results on Thursday, April 18th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. The firm had revenue of $256.33 million during 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%. Sell-side analysts expect that Texas Capital Bancshares, Inc. will post 3.53 EPS for the current year.

Institutional Investors Weigh In On Texas Capital Bancshares

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

Analysts Set New Price Targets

A number of brokerages have commented on TCBI. Citigroup dropped their price objective on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 13th. Stephens lowered their price objective on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an "overweight" rating on the stock in a research report on Friday, April 19th. Raymond James cut shares of Texas Capital Bancshares from a "strong-buy" rating to a "market perform" rating in a research note on Thursday, April 4th. Keefe, Bruyette & Woods reduced their target price on shares of Texas Capital Bancshares from $76.00 to $74.00 and set an "outperform" rating for the company in a research note on Monday, April 22nd. Finally, Hovde Group reduced their target price on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a "market perform" rating for the company in a research note on Friday, April 19th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Texas Capital Bancshares currently has an average rating of "Hold" and an average price target of $63.58.

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.

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