Key Points
- Director Robert Stallings bought 20,000 shares at an average price of $22.69 on March 5 for a total of $453,800, raising his stake by 13.37% to 169,587 shares (disclosed in an SEC filing).
- Texas Capital Bancshares beat Q4 expectations with EPS of $2.08 (vs. $1.78 est.) and revenue of $327.48M, while reporting a 10.05% ROE and a 16.52% net margin; analysts have a consensus "Hold" rating and an average target of $101.17.
- The stock trades near $92.19 (50‑day SMA $98.79, 200‑day SMA $91.39), has a market cap of $4.07B and a P/E of 13.56, and is heavily institutionally owned (~96.9%) with recent large inflows from funds like Norges Bank, Azora and AQR.
Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) Director Robert Stallings bought 5,500 shares of the business's stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $22.80 per share, with a total value of $125,400.00. Following the purchase, the director owned 175,087 shares in the company, valued at $3,991,983.60. The trade was a 3.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Texas Capital Bancshares Stock Performance
Shares of TCBI stock opened at $92.19 on Tuesday. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $108.92. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 0.44 and a beta of 0.66. The company has a 50-day simple moving average of $98.79 and a 200 day simple moving average of $91.39. 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 (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 firm 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 period in the prior year, the firm earned $1.43 EPS. On average, sell-side analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.
Analysts Set New Price Targets
TCBI has been the subject of several research reports. DA Davidson lifted their price target on Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a "neutral" rating in a report on Friday, January 23rd. Raymond James Financial upped their price objective on Texas Capital Bancshares from $98.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, January 7th. Hovde Group increased their price objective on Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a "market perform" rating in a research report on Tuesday, January 27th. Stephens lifted their target price on Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an "overweight" rating in a report on Friday, January 23rd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $101.17.
View Our Latest Stock Report on TCBI
Institutional Investors Weigh In On Texas Capital Bancshares
Large investors have recently added to or reduced their stakes in the stock. Danske Bank A S bought a new position in Texas Capital Bancshares during the 3rd quarter worth $25,000. Farther Finance Advisors LLC lifted its position in shares of Texas Capital Bancshares by 1,381.8% during the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank's stock valued at $30,000 after acquiring an additional 304 shares during the period. Advisory Services Network LLC bought a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Texas Capital Bancshares by 169.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank's stock worth $35,000 after purchasing an additional 246 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth $36,000. Institutional investors and hedge funds own 96.88% of the company's stock.
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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