Texas capital

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Buys $421,200.00 in Stock


Texas Capital Bancshares, Inc. (NASDAQ: TCBI – Get Rating) Director Robert W. Stallings purchased 8,000 shares of the company in a trade dated Monday, April 25. The shares were acquired at an average cost of $52.65 per share, with a total value of $421,200.00. Following the purchase, the director now directly owns 44,810 shares of the company, valued at approximately $2,359,246.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website.

Texas Capital Bancshares stock traded down $0.71 at midday Wednesday, hitting $52.80. 10,565 shares were traded, against an average volume of 534,168. Texas Capital Bancshares, Inc. has a 52-week low of $51.07 and a 52-week high of $71.68. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 13.19, a growth price-to-earnings ratio of 1.97 and a beta of 1.64. The company’s 50-day moving average price is $59.89 and its 200-day moving average price is $61.24. 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 (NASDAQ:TCBI – Get Rating) last reported quarterly earnings data on Wednesday, April 20. The bank reported EPS of $0.69 for the quarter, missing the consensus estimate of $0.73 per ($0.04). The company posted revenue of $203.83 million in the quarter, versus a consensus estimate of $213.06 million. Texas Capital Bancshares had a return on equity of 7.80% and a net margin of 22.71%. The company’s revenue was down 14.8% year over year. During the same period a year earlier, the company posted EPS of $1.33. On average, sell-side analysts expect Texas Capital Bancshares, Inc. to post 3.36 earnings per share for the current fiscal year.

Several research companies have recently published reports on TCBI. StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research note. Zacks Investment Research moved Texas Capital Bancshares shares from a “hold” rating to a “buy” rating and set a target price of $58.00 for the company in a Wednesday, April 13 research note. Bank of America reissued a “neutral” rating and set a target price of $69.00 on shares of Texas Capital Bancshares in a research note on Tuesday, January 18. Raymond James cut his price target on Texas Capital Bancshares stock from $75.00 to $70.00 and set an “outperform” rating for the company in a Friday, January 21 report. Finally, TheStreet downgraded shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 report. One analyst gave the stock a sell rating, five gave the company a hold rating and five gave the company a buy rating. According to MarketBeat.com, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus target price of $70.35.

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 valued at $26,000 after purchasing an additional 421 shares during the period. Dark Forest Capital Management LP increased its position in shares of Texas Capital Bancshares by 17.4% in the third quarter. Dark Forest Capital Management LP now owns 1,394 shares of the bank valued at $84,000 after purchasing an additional 207 shares during the period. Exane Derivatives purchased a new equity stake from Texas Capital Bancshares in the first quarter valued at approximately $108,000. The Public Employees Retirement System of Ohio raised its position in shares of Texas Capital Bancshares by 9.1% in the fourth quarter. The Ohio Public Employees Retirement System now owns 1,867 shares of the bank valued at $112,000 after purchasing an additional 156 shares during the period. Finally, Profund Advisors LLC increased its stake in Texas Capital Bancshares by 5.2% during the 4th quarter. Profund Advisors LLC now owns 3,934 shares of the bank worth $237,000 after acquiring 196 additional shares during the period. 94.32% of the shares are currently held by institutional investors.

About Texas Capital Bancshares (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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