Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) Director Larry L. Helm purchased 5,700 shares of Texas Capital Bancshares in a trade on Monday, May 2. The shares were purchased at an average price of $52.25 per share, for a total transaction of $297,825.00. Following the acquisition, the director now owns 77,858 shares of the company, valued at approximately $4,068,080.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website.
Shares of TCBI traded at $1.41 in midday trading on Tuesday, hitting $54.14. The stock recorded a trading volume of 6,482 shares, compared to an average volume of 617,845 shares. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 13.35, a growth price-to-earnings ratio of 2.01 and a beta of 1.60. The company has a 50-day simple moving average of $58.82 and a two-hundred-day simple moving average of $61.03. Texas Capital Bancshares, Inc. has a 12-month low of $51.07 and a 12-month high of $71.68. The company has a debt ratio of 0.33, a current ratio of 1.02 and a quick ratio of 1.02.
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 in the quarter, versus analyst estimates of $213.06 million. During the same period a year earlier, the company posted EPS of $1.33. The company’s quarterly revenue fell 14.8% from the same quarter last year. Analysts expect Texas Capital Bancshares, Inc. to post EPS of 3.2 for the current fiscal year.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. O Shaughnessy Asset Management LLC increased its position in shares of Texas Capital Bancshares by 4,210.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 431 shares of the bank worth $26,000 after buying 421 additional shares in the last quarter. Dark Forest Capital Management LP increased its stake in Texas Capital Bancshares by 17.4% in Q3. Dark Forest Capital Management LP now owns 1,394 shares of the bank valued at $84,000 after buying 207 additional shares in the last quarter. Exane Derivatives took a new stake in Texas Capital Bancshares during the 1st quarter for a value of approximately $108,000. Public Employees Retirement System of Ohio increased its equity stake in Texas Capital Bancshares by 9.1% during the 4th quarter. The Ohio Public Employees Retirement System now owns 1,867 shares of the bank worth $112,000 after buying 156 more shares in the last quarter. Finally, Profund Advisors LLC increased its holdings of Texas Capital Bancshares shares by 5.2% in the fourth quarter. Profund Advisors LLC now owns 3,934 shares of the bank valued at $237,000 after acquiring 196 additional shares in the last quarter. Institutional investors hold 97.77% of the company’s shares.
Several research analysts have recently weighed in on TCBI shares. 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 research note. TheStreet reduced shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research report. StockNews.com moved shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research report. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a Wednesday, April 13 research note. Finally, Bank of America reissued a “neutral” rating and released a target price of $69.00 on shares of Texas Capital Bancshares in a research note on Tuesday, January 18. One analyst rated the stock with a sell rating, five issued a hold rating and five gave the company’s stock a buy rating. Based on MarketBeat data, Texas Capital Bancshares currently has an average rating of “Hold” and an average target price of $70.35.
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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