Key Points
- Director Robert Stallings bought 2,000 shares on Jan. 23 at an average price of $20.91 for a total of $41,820, increasing his stake to 277,913 shares (a 0.72% rise in his ownership).
- Texas Capital Bancshares beat quarterly expectations, reporting $2.08 EPS vs. $1.78 expected and $327.48M revenue vs. $324.09M, prompting several analysts to raise price targets even though the consensus rating remains "Hold" with a $101.17 target.
- Other insiders (including Director Laura Whitley) also purchased shares recently and institutional ownership is very high (~96.9%), indicating strong insider/institutional involvement in the stock.
Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert Stallings purchased 2,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, January 23rd. The shares were acquired at an average price of $20.91 per share, for a total transaction of $41,820.00. Following the acquisition, the director owned 277,913 shares in the company, valued at $5,811,160.83. This trade represents a 0.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Texas Capital Bancshares Price Performance
Shares of TCBI stock opened at $97.63 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a fifty-two week low of $59.37 and a fifty-two week high of $105.36. The firm has a market cap of $4.46 billion, a P/E ratio of 14.36, a P/E/G ratio of 0.67 and a beta of 0.67. The business's 50 day moving average price is $93.96 and its 200-day moving average price is $88.11.
Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.30. The business had revenue of $327.48 million for the quarter, compared to analysts' expectations of $324.09 million. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. During the same quarter in the previous year, the business posted $1.43 earnings per share. On average, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.
Hedge Funds Weigh In On Texas Capital Bancshares
Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Texas Capital Bancshares by 10.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,332 shares of the bank's stock valued at $113,000 after purchasing an additional 121 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Texas Capital Bancshares by 4.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,902 shares of the bank's stock worth $245,000 after purchasing an additional 126 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Texas Capital Bancshares by 0.9% during the third quarter. Arizona State Retirement System now owns 13,575 shares of the bank's stock valued at $1,147,000 after purchasing an additional 126 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Texas Capital Bancshares by 4.0% during the third quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank's stock valued at $310,000 after buying an additional 142 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Texas Capital Bancshares by 2.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 7,149 shares of the bank's stock worth $604,000 after buying an additional 144 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on TCBI shares. TD Cowen upped their target price on Texas Capital Bancshares from $103.00 to $110.00 and gave the stock a "hold" rating in a report on Monday. Hovde Group upped their price target on Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a "market perform" rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on Texas Capital Bancshares from $92.00 to $105.00 and gave the stock an "underweight" rating in a report on Tuesday, December 16th. Stephens boosted their target price on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the company an "overweight" rating in a report on Friday. Finally, Raymond James Financial upped their target price on shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $101.17.
Read Our Latest Report on Texas Capital Bancshares
Texas Capital Bancshares News Roundup
Here are the key news stories impacting Texas Capital Bancshares this week:
- Positive Sentiment: Multiple directors bought shares, signaling insider confidence — Director Laura L. Whitley reported two recent purchases (500 shares on Jan. 23 at ~$97.56 and 500 shares on Jan. 26 at ~$97.51), increasing her position to 7,961 shares; the purchases were disclosed in SEC filings. Laura Whitley Form 4
- Positive Sentiment: Director Robert W. Stallings filed a purchase of 2,000 shares (reported Jan. 23), modestly increasing his stake to ~277,913 shares; the insider buy was disclosed in an SEC filing. Robert Stallings Form 4
- Positive Sentiment: Analysts lifted price targets this week — TD Cowen raised its target to $110 (hold) and Hovde Group raised its target to $102 (market perform), while other coverage shows targets near the $104 area; higher targets can support upside expectations. TD Cowen / Benzinga Hovde notice
- Neutral Sentiment: Company declared the regular dividend on its Series B preferred depositary shares (TCBIO): $14.375 per preferred share (equivalent to $0.359375 per depositary share), payable Mar. 16 to holders of record Mar. 2 — relevant to preferred investors and indicative of capital allocation discipline. Dividend announcement
- Neutral Sentiment: Research coverage and media pieces (Zacks, MSN/feature write‑ups) are highlighting TCBI as a top value/momentum candidate, which can attract attention from growth and value-focused investors but does not change fundamentals by itself. Zacks momentum Zacks value
Texas Capital Bancshares Company Profile
(
Get Free Report)
Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.
In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.
Further Reading
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