Texas capital

Insider Buying: Independent Director of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) Just Bought 7.9% More Shares

Potential Texas Capital Bancshares, Inc. (NASDAQ: TCBI) Shareholders may note that independent director Robert Stallings recently purchased US$421,000 worth of stock, paying US$52.65 for each share. Although the purchase only increased their stake by 7.9%, it is still a solid purchase in our view.

See our latest analysis for Texas Capital Bancshares

The last 12 months of insider trading at Texas Capital Bancshares

Notably, this recent purchase by independent director Robert Stallings wasn’t the only time they bought shares of Texas Capital Bancshares this year. Earlier in the year, they paid US$60.87 per share on a US$3.3 million purchase. This means that an insider was happy to buy shares above the current price of US$52.96. Although their perspective has changed since the purchase, it at least suggests they have confidence in the company’s future. In our view, the price an insider pays for a stock is very important. Generally speaking, it comes to our attention when insiders have bought stocks at higher prices than they are now, as it suggests that they thought the stock was worth buying, even at a higher price.

Over the past year, we can see that insiders bought 110.16k shares worth $6.6 million. On the other hand, they sold 976.00 shares, for US$67,000. Overall, Texas Capital Bancshares insiders have been net buyers over the past year. You can see insider trading (by companies and individuals) over the past year illustrated in the table below. If you want to know exactly who sold, how much and when, just click on the chart below!

NasdaqGS: TCBI Insider Trading Volume April 29, 2022

Texas Capital Bancshares isn’t the only stock insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider buying, might be just the ticket.

Texas Capital Bancshares Insider Ownership

Many investors like to check how much a company is owned by insiders. We generally like to see fairly high levels of insider ownership. Insiders of Texas Capital Bancshares own about $25 million worth of stock. This equals 0.9% of the business. We have certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.

What could insider trading at Texas Capital Bancshares tell us?

Good to see the recent insider buying. We also rely on the longer-term picture of insider trading. Insiders likely see value in Texas Capital Bancshares stock, given these transactions (as well as notable insider ownership of the company). So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. Every business has risks, and we’ve spotted 1 warning sign for Texas Capital Bancshares you should know.

Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of interesting companies.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.