Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings Buys 3,000 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average cost of $19.70 per share, with a total value of $59,100.00. Following the purchase, the director now directly owns 153,706 shares in the company, valued at $3,028,008.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Texas Capital Bancshares Trading Down 0.2 %

TCBI traded down $0.12 during midday trading on Wednesday, hitting $60.60. The company’s stock had a trading volume of 393,982 shares, compared to its average volume of 463,421. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.83 billion, a P/E ratio of 18.40, a PEG ratio of 2.15 and a beta of 1.17. The firm has a 50-day moving average price of $59.02 and a two-hundred day moving average price of $59.15. Texas Capital Bancshares, Inc. has a 52-week low of $42.79 and a 52-week high of $66.18.

Institutional Trading of Texas Capital Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC grew its holdings in Texas Capital Bancshares by 3.3% in the 1st quarter. ProShare Advisors LLC now owns 10,804 shares of the bank’s stock valued at $665,000 after buying an additional 344 shares during the period. Headlands Technologies LLC raised its holdings in Texas Capital Bancshares by 80.4% in the first quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock valued at $179,000 after buying an additional 1,297 shares during the period. Tectonic Advisors LLC lifted its position in Texas Capital Bancshares by 15.2% during the first quarter. Tectonic Advisors LLC now owns 21,110 shares of the bank’s stock valued at $1,299,000 after buying an additional 2,783 shares in the last quarter. SG Americas Securities LLC grew its stake in Texas Capital Bancshares by 40.4% during the first quarter. SG Americas Securities LLC now owns 3,932 shares of the bank’s stock worth $242,000 after buying an additional 1,131 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Texas Capital Bancshares in the first quarter worth $438,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup cut their price target on Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. UBS Group boosted their target price on shares of Texas Capital Bancshares from $56.00 to $57.00 and gave the company a “sell” rating in a research note on Tuesday, January 23rd. Barclays assumed coverage on shares of Texas Capital Bancshares in a research note on Friday, March 8th. They issued an “underweight” rating and a $47.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, April 4th. Finally, Mizuho reissued a “hold” rating and issued a $66.00 target price (down previously from $72.00) on shares of Texas Capital Bancshares in a research note on Monday, April 1st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.58.

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.