Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) Director Robert W. Stallings acquired 8,000 shares of the company in a transaction that took place on Tuesday August 16th. The shares were acquired at an average cost of $65.35 per share, with a total value of $522,800.00. As a result of the transaction, the administrator now directly owns 146,000 shares of the company, valued at approximately $9,541,100. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink.
Texas Capital Banc Share Price Performance
Shares of TCBI traded down $0.16 during trading hours Thursday, hitting $64.86. The company had a trading volume of 253,606 shares, compared to an average volume of 505,823. Texas Capital Bancshares, Inc. has a 12-month low of $48.79 and a 12-month high of $71.60 . The company has a market capitalization of $3.24 billion, a price/earnings ratio of 20.03, a PEG ratio of 2.37 and a beta of 1.53. The company’s fifty-day moving average is $55.70 and its 200-day moving average is $57.76. The company has a debt ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.02.
Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last released quarterly earnings data on Thursday, July 21. The bank reported earnings per share of $0.59 for the quarter, missing the consensus estimate of $0.74 per ($0.15). Texas Capital Bancshares had a net margin of 18.42% and a return on equity of 6.48%. In the same period a year earlier, the company had earned earnings per share of $1.31. On average, sell-side analysts expect Texas Capital Bancshares, Inc. to post EPS of 3.43 for the current fiscal year.
Analyst upgrades and downgrades
Several stock analysts have weighed in on the company recently. Truist Financial cut its price target on Texas Capital Bancshares from $69.00 to $65.00 and set a “buy” rating for the company in a Wednesday, June 15 research report. Wedbush raised its price target on Texas Capital Bancshares to $60.00 in a Monday July 25 research note. TheStreet downgraded Texas Capital Bancshares from a “b-” to a “c+” rating in a Thursday, April 21 research note. Stephens raised his price target on Texas Capital Bancshares to $66.00 in a Friday, July 22 research note. Finally, StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Saturday, July 30 research note. One analyst rated the stock with a sell rating, four issued a hold rating, one assigned a buy rating and one assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.67.
Institutional investors weigh in on shares of Texas Capital Bancshares
Large investors have recently changed their stock holdings. Quent Capital LLC increased its equity stake in Texas Capital Bancshares by 157.5% in Q1. Quent Capital LLC now owns 837 shares of the bank valued at $48,000 after purchasing an additional 512 shares during the period. Exane Derivatives acquired a new position in shares of Texas Capital Bancshares in Q1 for a value of approximately $108,000. Carl Stuart Investment Advisor Inc. acquired a new stock position in Texas Capital Bancshares in Q1 worth approximately $115,000. Oppenheimer Asset Management Inc. acquired a new stock position in Texas Capital Bancshares in Q1 worth approximately $210,000. Finally, Point72 Hong Kong Ltd increased its holding of shares in Texas Capital Bancshares by 80.3% in the 1st quarter. Point72 Hong Kong Ltd now owns 3,895 shares in the bank worth $223,000 after acquiring 1,735 additional shares in the last quarter. 97.77% of the shares are currently held by institutional investors.
About Texas Capital Bancshares
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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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