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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Director Robert W. Stallings purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average cost of $19.70 per share, for a total transaction of $59,100.00. Following the purchase, the director now directly owns 153,706 shares in the company, valued at approximately $3,028,008.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock opened at $60.60 on Thursday. Texas Capital Bancshares, Inc. has a 12-month low of $42.79 and a 12-month high of $66.18. The stock has a 50-day simple moving average of $59.08 and a 200 day simple moving average of $59.16. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 2.15 and a beta of 1.17. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30.

Wall Street Analyst Weigh In

TCBI has been the topic of a number of recent analyst reports. Raymond James lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. reduced their target price on Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday, April 4th. Wedbush lowered their price target on Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Citigroup reduced their price objective 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. Finally, Mizuho reaffirmed a “hold” rating and set 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 investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.58.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. North Reef Capital Management LP boosted its stake in Texas Capital Bancshares by 99.2% in the third quarter. North Reef Capital Management LP now owns 1,450,000 shares of the bank’s stock valued at $85,405,000 after acquiring an additional 722,250 shares during the last quarter. Wellington Management Group LLP increased its holdings in Texas Capital Bancshares by 97.9% in the fourth quarter. Wellington Management Group LLP now owns 1,106,536 shares of the bank’s stock valued at $71,515,000 after purchasing an additional 547,336 shares during the last quarter. Norges Bank acquired a new position in Texas Capital Bancshares in the fourth quarter valued at about $35,120,000. Clearbridge Investments LLC bought a new position in Texas Capital Bancshares during the 3rd quarter worth approximately $13,354,000. Finally, AQR Capital Management LLC increased its stake in Texas Capital Bancshares by 155.3% in the third quarter. AQR Capital Management LLC now owns 297,143 shares of the bank’s stock valued at $17,502,000 after purchasing an additional 180,743 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

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.