Texas Capital Bancshares, Inc. (NASDAQ: TCBI – Get Rating) Director Robert W. Stallings acquired 2,000 shares of Texas Capital Bancshares in a transaction dated Thursday, May 12. The shares were acquired at an average price of $50.25 per share, with a total value of $100,500.00. As a result of the transaction, the administrator now owns 46,810 shares of the company, valued at approximately $2,352,202.50. The acquisition was disclosed in a document filed with the SEC, accessible via this link.
Shares of TCBI traded down $0.26 during Monday’s trading, hitting $52.43. 5,170 shares of the company were traded, against an average volume of 535,387. The company’s 50-day simple moving average is $56.93 and its 200-day simple moving average is $60.58. Texas Capital Bancshares, Inc. has a 12-month low of $50.24 and a 12-month high of $71.60. The company has a market capitalization of $2.66 billion, a price/earnings ratio of 13.34, a P/E/G ratio of 2.06 and a beta of 1.60. 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 (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). 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 for the quarter, versus analyst estimates of $213.06 million. During the same period last year, the company achieved EPS of $1.33. The company’s quarterly revenue was down 14.8% year over year. On average, stock analysts expect Texas Capital Bancshares, Inc. to post 3.2 earnings per share for the current fiscal year.
Several research analysts have published reports on the stock. Raymond James cut his price target on Texas Capital Bancshares stock from $75.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, Jan. 21. TheStreet upgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 report. Bank of America reaffirmed a “neutral” rating and set a target price of $69.00 on shares of Texas Capital Bancshares in a Tuesday, January 18 report. StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research report. Finally, Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a price target of $58.00 for the company in a Wednesday research report. April 13. One equity research analyst gave the stock a sell rating, four gave the stock a hold rating and four gave the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.30.
Hedge funds have recently changed their stakes in the company. O Shaughnessy Asset Management LLC increased its position in 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 acquiring 421 additional shares in the last quarter. Quent Capital LLC increased its holdings in Texas Capital Bancshares by 157.5% in the first quarter. Quent Capital LLC now owns 837 shares of the bank worth $48,000 after purchasing an additional 512 shares in the last quarter. Dark Forest Capital Management LP increased its position in Texas Capital Bancshares by 17.4% during the third quarter. Dark Forest Capital Management LP now owns 1,394 shares of the bank worth $84,000 after buying 207 additional shares in the last quarter. Exane Derivatives bought a new position in Texas Capital Bancshares during the first quarter worth approximately $108,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Texas Capital Bancshares by 9.1% during the 4th quarter. The Ohio Public Employees Retirement System now owns 1,867 shares of the bank valued at $112,000 after acquiring 156 additional shares in the last quarter. 97.77% of the shares are currently held by institutional investors.
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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