Robert W. Stallings Buys 726 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings bought 726 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $20.99 per share, for a total transaction of $15,238.74. Following the transaction, the director now directly owns 183,625 shares in the company, valued at approximately $3,854,288.75. This represents a 0.40 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Texas Capital Bancshares Stock Up 1.0 %

Shares of NASDAQ:TCBI opened at $79.30 on Friday. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 61.95, a PEG ratio of 0.69 and a beta of 1.17. Texas Capital Bancshares, Inc. has a 12-month low of $54.68 and a 12-month high of $91.80. The business has a 50-day moving average price of $81.22 and a 200 day moving average price of $74.79. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays increased their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and raised their price target for the company from $77.00 to $82.00 in a research note on Friday, October 18th. Stephens cut their price objective on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday. Truist Financial raised their target price on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, DA Davidson lowered their price target on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $79.13.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in shares of Texas Capital Bancshares by 146.7% in the second quarter. Millennium Management LLC now owns 372,370 shares of the bank’s stock valued at $22,767,000 after purchasing an additional 221,454 shares during the period. Wellington Management Group LLP lifted its holdings in Texas Capital Bancshares by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after buying an additional 150,301 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Texas Capital Bancshares by 107.2% in the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after acquiring an additional 68,632 shares in the last quarter. Hodges Capital Management Inc. increased its position in shares of Texas Capital Bancshares by 32.5% during the fourth quarter. Hodges Capital Management Inc. now owns 252,973 shares of the bank’s stock worth $19,782,000 after acquiring an additional 62,030 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Texas Capital Bancshares by 326.6% during the third quarter. Victory Capital Management Inc. now owns 70,103 shares of the bank’s stock worth $5,010,000 after acquiring an additional 53,669 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.