Texas Capital Bancshares, Inc. (NASDAQ: TCBI – Get Rating) Director Robert W. Stallings purchased 3,000 shares of Texas Capital Bancshares in a trade on Thursday, April 28. The shares were acquired at an average cost of $52.00 per share, for a total transaction of $156,000.00. Following the completion of the acquisition, the administrator now directly owns 68,652 shares of the company, valued at $3,569,904. The acquisition was disclosed in a legal filing with the SEC, accessible via this link.
Shares of Texas Capital Bancshares opened at $51.36 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.02 and a debt ratio of 0.33. Texas Capital Bancshares, Inc. has a 12-month low of $51.07 and a 12-month high of $71.68. The company’s fifty-day moving average is $59.06 and its 200-day moving average is $61.07. The company has a market capitalization of $2.61 billion, a PE ratio of 13.00, a PEG ratio of 1.97 and a beta of 1.64.
Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last reported results on Wednesday, April 20. The bank reported earnings per share (EPS) of $0.69 for the quarter, missing the Zacks consensus estimate of $0.73 per ($0.04). Texas Capital Bancshares had a net margin of 22.71% and a return on equity of 7.80%. The company posted revenue of $203.83 million for the quarter, versus analyst estimates of $213.06 million. In the same quarter of the previous year, the company achieved EPS of $1.33. The company’s revenue was down 14.8% year over year. Sell-side analysts expect Texas Capital Bancshares, Inc. to post EPS of 3.36 for the current fiscal year.
A number of research companies have weighed in on TCBI. Raymond James cut his price target on Texas Capital Bancshares stock from $75.00 to $70.00 and set an “outperform” rating on the stock in a Friday, January 21 report. TheStreet downgraded shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research report. Bank of America restated a “neutral” rating and issued a price target of $69.00 on shares of Texas Capital Bancshares in a research report on Tuesday, January 18. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a price target of $58.00 on the stock in a Wednesday 13 research report. april. Finally, StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research report. One research analyst rated the stock with a sell rating, five gave the company a hold rating, and five gave the company a buy rating. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $70.35.
Several institutional investors have recently increased or reduced their stake in the stock. SG Americas Securities LLC increased its position in shares of Texas Capital Bancshares by 245.2% during the 1st quarter. SG Americas Securities LLC now owns 20,770 shares of the bank valued at $1,190,000 after acquiring an additional 14,753 shares during the period. Highlander Partners LP increased its stake in Texas Capital Bancshares by 33.3% during the first quarter. Highlander Partners LP now owns 100,000 shares of the bank valued at $5,731,000 after buying an additional 25,000 shares last quarter. Thompson Siegel & Walmsley LLC increased its stake in Texas Capital Bancshares by 8.1% in the first quarter. Thompson Siegel & Walmsley LLC now owns 158,386 shares of the bank valued at $9,077,000 after buying an additional 11,878 shares last quarter. Truist Financial Corp bought a new stake in Texas Capital Bancshares during Q1 for $297,000. Finally, Louisiana State Employees Retirement System increased its stake in Texas Capital Bancshares by 2.3% during the first quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the bank valued at $761,000 after buying 300 more shares last quarter. Institutional investors hold 94.32% of the company’s shares.
Texas Capital Bancshares Company Profile (Get an assessment)
Texas Capital Bancshares, Inc. operates as a bank holding company for Texas Capital Bank, is a full-service financial services company that provides customized solutions to businesses, entrepreneurs and individuals. The Company offers commercial banking, retail banking, investment banking and wealth management.
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