Insider Buying: Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Acquires $425,600.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings acquired 20,000 shares of the stock in a transaction on Tuesday, October 22nd. The stock was bought at an average price of $21.28 per share, with a total value of $425,600.00. Following the transaction, the director now directly owns 84,587 shares of the company’s stock, valued at approximately $1,800,011.36. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Texas Capital Bancshares Stock Down 1.5 %

NASDAQ TCBI opened at $76.76 on Friday. The company has a market capitalization of $3.58 billion, a P/E ratio of 23.26, a P/E/G ratio of 0.79 and a beta of 1.13. The stock has a 50 day moving average price of $70.86 and a 200-day moving average price of $64.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares, Inc. has a one year low of $53.16 and a one year high of $82.25.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TCBI shares. Bank of America upgraded shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and upped their price target for the company from $51.00 to $77.00 in a report on Monday, September 9th. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $77.00 to $82.00 in a report on Friday, October 18th. DA Davidson boosted their price target on Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a report on Friday. Royal Bank of Canada upped their price target on Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Finally, Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Texas Capital Bancshares presently has an average rating of “Hold” and a consensus price target of $74.00.

Institutional Trading of Texas Capital Bancshares

A number of large investors have recently made changes to their positions in TCBI. Blue Trust Inc. grew its position in Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after acquiring an additional 169 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Texas Capital Bancshares in the 2nd quarter worth approximately $26,000. CWM LLC boosted its holdings in shares of Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after purchasing an additional 546 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Texas Capital Bancshares during the 1st quarter valued at approximately $54,000. Finally, Headlands Technologies LLC raised its holdings in Texas Capital Bancshares by 80.4% during the 1st 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. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Company Profile

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.