Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) Director Elysia Holt Ragusa purchased 2,000 shares of the company in a trade on Thursday, June 2. The shares were purchased at an average cost of $55.91 per share, with a total value of $111,820.00. Following the completion of the purchase, the administrator now owns 14,164 shares of the company, valued at approximately $791,909.24. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink.
Shares of TCBI traded up $0.27 midday on Monday, hitting $55.34. The company’s shares had a trading volume of 6,178 shares, compared to its average volume of 518,634. The company has a fifty-day moving average of $54.62 and a 200-day moving average of 59. $66. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 13.94, a growth price-to-earnings ratio of 2.13, and a beta of 1.59. Texas Capital Bancshares, Inc. has a 1-year low of $50.09 and a 1-year high of $71.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt ratio of 0.33.
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 analyst consensus estimates of $0.73 per ($0.04). The company posted revenue of $203.83 million in the quarter, compared to $213.06 million expected by analysts. Texas Capital Bancshares had a net margin of 22.71% and a return on equity of 7.80%. Texas Capital Bancshares revenue for the quarter was down 14.8% year over year. In the same quarter of the previous year, the company achieved EPS of $1.33. On average, analysts predict that Texas Capital Bancshares, Inc. will post 3.23 earnings per share for the current year.
Several large investors have recently changed their positions in the stock. State Street Corp increased its holdings of Texas Capital Bancshares shares by 5.1% in the first quarter. State Street Corp now owns 3,268,391 shares of the bank worth $187,311,000 after acquiring an additional 158,815 shares last quarter. Dimensional Fund Advisors LP increased its holdings of Texas Capital Bancshares shares by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,582,769 shares of the bank worth $148,023,000 after acquiring an additional 70,042 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings of Texas Capital Bancshares shares by 3.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,724,106 shares of the bank worth $103,877,000 after acquiring 56,069 additional shares last quarter. JPMorgan Chase & Co. increased its holdings of Texas Capital Bancshares shares by 1,374.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,518,217 shares of the bank worth $91,473,000 after acquiring an additional 1,415,279 shares last quarter. Finally, Morgan Stanley increased its stake in shares of Texas Capital Bancshares by 1.3% during the third quarter. Morgan Stanley now owns 1,464,697 shares of the bank worth $87,912,000 after acquiring 19,384 more shares last quarter. Institutional investors and hedge funds own 97.77% of the company’s shares.
Several equity research analysts have weighed in on the company recently. TheStreet downgraded Texas Capital Bancshares from a “b-” to a “c+” rating in a Thursday, April 21 research note. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a Wednesday, April 13 research note. Finally, StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research note. One research analyst rated the stock with a sell rating, four gave the company’s stock a hold rating and four gave the company’s stock a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.30.
Texas Capital Bancshares Company Profile (Get a rating)
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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