Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Purchases $138,460.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert W. Stallings bought 7,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was purchased at an average price of $19.78 per share, with a total value of $138,460.00. Following the completion of the acquisition, the director now owns 255,913 shares of the company's stock, valued at approximately $5,061,959.14. This trade represents a 2.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI traded up $3.18 during mid-day trading on Friday, hitting $75.55. 550,925 shares of the stock were exchanged, compared to its average volume of 451,879. The stock's fifty day simple moving average is $69.55 and its two-hundred day simple moving average is $76.27. The company has a market cap of $3.47 billion, a P/E ratio of 58.89, a PEG ratio of 0.75 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced 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 company had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. As a group, analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TCBI. JPMorgan Chase & Co. dropped their price target on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Raymond James dropped their target price on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Keefe, Bruyette & Woods reduced their price target on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Barclays lowered their price target on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group set a $80.00 price objective on shares of Texas Capital Bancshares and gave the company a "hold" rating in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $78.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management bought a new stake in shares of Texas Capital Bancshares in the fourth quarter worth about $30,000. Assetmark Inc. acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $32,000. Venturi Wealth Management LLC bought a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $37,000. UMB Bank n.a. raised its holdings in Texas Capital Bancshares by 1,089.8% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the bank's stock worth $44,000 after buying an additional 534 shares during the period. Finally, GAMMA Investing LLC lifted its stake in 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 in the last quarter. 96.88% of the stock is currently owned by institutional investors.

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.