Texas Capital Bancshares (NASDAQ:TCBI) Insider Sells $353,325.00 in Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) insider Anna Alvarado sold 3,500 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total value of $353,325.00. Following the transaction, the insider directly owned 23,810 shares in the company, valued at $2,403,619.50. This represents a 12.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Texas Capital Bancshares Stock Up 1.1%

Shares of NASDAQ TCBI opened at $101.51 on Friday. Texas Capital Bancshares, Inc. has a one year low of $73.61 and a one year high of $108.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day moving average price is $100.02 and its 200-day moving average price is $97.49. The stock has a market capitalization of $4.43 billion, a PE ratio of 13.64, a P/E/G ratio of 1.42 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The firm had revenue of $323.99 million for the quarter, compared to analysts’ expectations of $318.10 million. During the same quarter in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current year.

Texas Capital Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 1st. Texas Capital Bancshares’s dividend payout ratio is currently 10.75%.

Institutional Trading of Texas Capital Bancshares

Institutional investors have recently added to or reduced their stakes in the stock. Danske Bank A S purchased a new stake in Texas Capital Bancshares during the 3rd quarter worth about $25,000. Farther Finance Advisors LLC raised its holdings in shares of Texas Capital Bancshares by 1,381.8% in 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 in the last quarter. Root Financial Partners LLC raised its holdings in shares of Texas Capital Bancshares by 85.2% in the 1st quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after acquiring an additional 150 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at about $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Texas Capital Bancshares by 169.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after acquiring an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Wall Street Analysts Forecast Growth

TCBI has been the topic of a number of recent research reports. Zacks Research cut Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Piper Sandler increased their price objective on Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. JPMorgan Chase & Co. dropped their price objective on Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. Citigroup increased their price objective on Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Texas Capital Bancshares has a consensus rating of “Hold” and an average price target of $104.09.

Texas Capital Bancshares Company Profile

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.