Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings Purchases 7,000 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert W. Stallings purchased 7,000 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were purchased at an average price of $19.78 per share, with a total value of $138,460.00. Following the acquisition, the director now directly owns 255,913 shares in the company, valued at approximately $5,061,959.14. The trade was a 2.81% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Texas Capital Bancshares Stock Performance

TCBI traded up $3.68 on Friday, reaching $76.05. The company had a trading volume of 1,019,033 shares, compared to its average volume of 455,054. Texas Capital Bancshares, Inc. has a 1 year low of $56.24 and a 1 year high of $91.80. The stock has a market capitalization of $3.49 billion, a PE ratio of 59.41, a P/E/G ratio of 0.75 and a beta of 0.65. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $69.59 and a 200-day moving average price of $76.09.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. The company had revenue of $280.48 million during the quarter, compared to analysts' expectations of $284.40 million. As a group, research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Texas Capital Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the business. Picton Mahoney Asset Management purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $30,000. Assetmark Inc. purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $32,000. Venturi Wealth Management LLC purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $37,000. UMB Bank n.a. raised its holdings in shares of Texas Capital Bancshares by 1,089.8% in the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock valued at $44,000 after buying an additional 534 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Texas Capital Bancshares by 127.0% in the first quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after buying an additional 465 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TCBI. Stephens decreased their price target on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. DA Davidson decreased their price objective 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. Piper Sandler decreased their price objective on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Texas Capital Bancshares presently has a consensus rating of "Hold" and an average target price of $78.00.

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.