Key Points
- Director Robert Stallings purchased 20,000 shares of Texas Capital Bancshares at an average price of $22.14 per share for a total of $442,800, increasing his stake to 335,913 shares (a 6.33% ownership rise) as disclosed in an SEC filing.
- The company reported a strong quarter with $2.08 EPS beating estimates ($1.78) and revenue of $327.48 million, while key metrics include a market cap of $4.45 billion, a P/E of 14.82, and a 12-month trading range of $59.37–$108.92.
- Analysts hold a consensus rating of Hold with an average price target of $101.17, and institutional investors own about 96.88% of the stock.
Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert Stallings purchased 20,000 shares of the stock in a transaction on Monday, February 23rd. The stock was acquired at an average cost of $22.14 per share, for a total transaction of $442,800.00. Following the acquisition, the director owned 335,913 shares in the company, valued at approximately $7,437,113.82. This represents a 6.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Texas Capital Bancshares Price Performance
Shares of NASDAQ TCBI traded up $1.29 during midday trading on Thursday, hitting $100.76. 90,242 shares of the company's stock were exchanged, compared to its average volume of 473,835. Texas Capital Bancshares, Inc. has a 12-month low of $59.37 and a 12-month high of $108.92. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.47 and a beta of 0.68. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The business's fifty day moving average price is $98.44 and its two-hundred day moving average price is $90.66.
Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.30. The firm had revenue of $327.48 million for the quarter, compared to analyst estimates 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 prior year, the firm earned $1.43 EPS. As a group, research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.
Hedge Funds Weigh In On Texas Capital Bancshares
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Optimize Financial Inc purchased a new stake in Texas Capital Bancshares during the 3rd quarter valued at about $441,000. Federated Hermes Inc. lifted its stake in shares of Texas Capital Bancshares by 153.7% in the third quarter. Federated Hermes Inc. now owns 123,900 shares of the bank's stock worth $10,473,000 after buying an additional 75,061 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Texas Capital Bancshares by 15.3% during the third quarter. Thrivent Financial for Lutherans now owns 44,242 shares of the bank's stock valued at $3,740,000 after buying an additional 5,867 shares during the last quarter. CWM LLC increased its position in shares of Texas Capital Bancshares by 145.1% during the third quarter. CWM LLC now owns 21,909 shares of the bank's stock valued at $1,852,000 after acquiring an additional 12,971 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Texas Capital Bancshares in the 3rd quarter worth approximately $884,000. Institutional investors own 96.88% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Citigroup upped their price objective on Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a "sell" rating in a report on Monday, January 26th. Stephens increased their price target on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the company an "overweight" rating in a research report on Friday, January 23rd. Zacks Research upgraded shares of Texas Capital Bancshares from a "hold" rating to a "strong-buy" rating in a report on Monday, February 2nd. TD Cowen upped their price objective on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the company a "hold" rating in a research note on Monday, January 26th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $101.17.
Check Out Our Latest Stock Analysis on TCBI
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.
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