Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Free Report) Director Robert W. Stallings purchased 6,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average price of $55.48 per share, for a total transaction of $332,880.00. Following the purchase, the director now owns 285,000 shares in the company, valued at approximately $15,811,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Texas Capital Bancshares Price Performance
Shares of Texas Capital Bancshares stock opened at $54.72 on Tuesday. The firm has a market cap of $2.63 billion, a PE ratio of 7.35, a P/E/G ratio of 1.69 and a beta of 1.27. The business has a 50-day moving average price of $57.45 and a 200 day moving average price of $56.46. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. Texas Capital Bancshares, Inc. has a twelve month low of $42.79 and a twelve month high of $69.26.
Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report) last announced its earnings results on Thursday, October 19th. The bank reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.17. Texas Capital Bancshares had a return on equity of 7.83% and a net margin of 19.39%. The business had revenue of $472.64 million during the quarter, compared to the consensus estimate of $267.89 million. During the same period in the prior year, the company posted $0.74 EPS. Sell-side analysts predict that Texas Capital Bancshares, Inc. will post 4.08 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Hennessy Advisors Inc. lifted its position in shares of Texas Capital Bancshares by 16.3% in the second quarter. Hennessy Advisors Inc. now owns 50,000 shares of the bank’s stock valued at $2,575,000 after acquiring an additional 7,000 shares in the last quarter. Palogic Value Management L.P. purchased a new stake in shares of Texas Capital Bancshares during the first quarter worth $490,000. Hodges Capital Management Inc. raised its position in shares of Texas Capital Bancshares by 5.9% in the second quarter. Hodges Capital Management Inc. now owns 78,350 shares of the bank’s stock valued at $5,065,000 after buying an additional 4,375 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Texas Capital Bancshares in the second quarter worth about $1,557,000. Finally, Peregrine Capital Management LLC lifted its stake in Texas Capital Bancshares by 75,714.8% in the 2nd quarter. Peregrine Capital Management LLC now owns 159,211 shares of the bank’s stock worth $8,199,000 after purchasing an additional 159,001 shares in the last quarter. Institutional investors and hedge funds 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, and wealth management services.
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