Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) head Elysia Holt Ragusa bought 2,000 shares of the company in a trade on Thursday, June 2. The shares were purchased at an average price of $55.91 per share, for a total transaction of $111,820.00. Following the completion of the acquisition, the director now owns 14,164 shares of the company, valued at $791,909.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.
NASDAQ:TCBI shares traded down $0.27 on Monday, hitting $55.34. 6,178 shares of the company were traded, against an average volume of 518,634. The company’s 50-day moving average price is $54.62 and its two-hundred-day moving average price is $59.66. The company has a market capitalization of $2.81 billion, a price/earnings ratio of 13.94, a PEG ratio of 2.13 and a beta of 1.59. The company has a debt ratio of 0.33, a quick ratio of 1.02 and a current ratio of 1.02. Texas Capital Bancshares, Inc. has a one-year low of $50.09 and a one-year high of $71.60.
Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last reported results on Wednesday, April 20. The bank reported earnings per share of $0.69 for the quarter, missing analyst consensus estimates of $0.73 per ($0.04). The company posted revenue of $203.83 million for the quarter, versus analyst estimates 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 quarterly revenue fell 14.8% from the same quarter last year. During the same period last year, the company earned earnings per share of $1.33. Research analysts predict that Texas Capital Bancshares, Inc. will post 3.23 earnings per share for the current year.
Several institutional investors and hedge funds have recently increased or reduced their stake in the company. Quent Capital LLC increased its stake in shares of Texas Capital Bancshares by 157.5% in the first quarter. Quent Capital LLC now owns 837 shares of the bank valued at $48,000 after buying an additional 512 shares 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 purchasing an additional 207 shares during the period. Exane Derivatives acquired in the 1st quarter a new position in shares of Texas Capital Bancshares valued at $108,000. The Ohio Public Employees Retirement System increased its holdings of Texas Capital Bancshares shares 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 acquiring 156 additional shares during the period. Finally, Carl Stuart Investment Advisor Inc. acquired a new equity stake in Texas Capital Bancshares during Q1 worth approximately $115,000. Institutional investors and hedge funds own 97.77% of the company’s shares.
Several stock analysts have weighed in on the company. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a target price of $58.00 on the stock in a Wednesday, April 13 report. StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 report. Finally, TheStreet downgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 report. One analyst has assigned the stock a sell rating, four have issued a hold rating and four have assigned the stock a buy rating. According to data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $68.30.
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.
Receive daily news and reviews for Texas Capital Bancshares – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Texas Capital Bancshares and related companies with MarketBeat.com’s free daily email newsletter.