Robert W. Stallings Purchases 2,006 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings acquired 2,006 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of $20.99 per share, with a total value of $42,105.94. Following the completion of the purchase, the director now directly owns 182,899 shares in the company, valued at $3,839,050.01. This represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $79.30 on Friday. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The stock has a market capitalization of $3.66 billion, a P/E ratio of 61.95, a PEG ratio of 0.69 and a beta of 1.17. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average price is $81.22 and its 200 day moving average price is $74.79.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. As a group, research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of Texas Capital Bancshares by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock worth $81,856,000 after purchasing an additional 13,022 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Texas Capital Bancshares by 15.4% during the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after acquiring an additional 150,301 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Texas Capital Bancshares by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock worth $40,792,000 after acquiring an additional 10,171 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Texas Capital Bancshares by 12.6% during the third quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank’s stock worth $33,372,000 after acquiring an additional 52,095 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Texas Capital Bancshares by 11.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 381,462 shares of the bank’s stock worth $23,323,000 after acquiring an additional 38,393 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Analyst Ratings Changes

TCBI has been the subject of several research analyst reports. Hovde Group raised their price objective on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. dropped their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Finally, Royal Bank of Canada raised their price target on Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $79.13.

About Texas Capital Bancshares

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.