Texas Capital Bancshares, Inc. (NASDAQ: TCBI) director Paola M. Arbor acquired 251 shares of the company in a transaction dated Friday, November 19. The shares were purchased at an average cost of $ 59.26 per share, for a total transaction of $ 14,874.26. The acquisition has been disclosed in a legal file with the SEC, which is available through this hyperlink.
Texas Capital Bancshares shares traded up $ 2.21 on Monday, reaching $ 60.35. The stock had a trade volume of 4,185 shares, compared to its average volume of 630,605. The company has a market cap of $ 3.05 billion, a P / E ratio of 12.81 and a beta of 1.85. The stock has a 50-day moving average of $ 60.58 and a 200-day moving average of $ 63.62. The company has a debt ratio of 1.10, a quick ratio of 1.10 and a current ratio of 1.10. Texas Capital Bancshares, Inc. has a twelve month low of $ 52.06 and a twelve month high of $ 93.26.
Texas Capital Bancshares (NASDAQ: TCBI) last released its quarterly results on Tuesday, October 19. The bank reported EPS of $ 0.76 for the quarter, missing analyst consensus estimates of $ 1.09 ($ 0.33). Texas Capital Bancshares had a net margin of 23.46% and a return on equity of 8.98%. The company posted revenue of $ 215.30 million in the quarter, compared to a consensus estimate of $ 224.90 million. In the same quarter of last year, the company posted EPS of $ 1.08. The company’s quarterly revenue was down 19.6% year-on-year. Stock analysts expect Texas Capital Bancshares, Inc. to post earnings per share of 4.36 for the current year.
Several analysts recently commented on TCBI’s shares. Hovde Group downgraded Texas Capital Bancshares from an “outperformance” rating to a “market performance” rating in a research note on Thursday, September 2. Zacks investment research raised Texas Capital Bancshares shares from a “sell” rating to a “custody” rating and set a price target of $ 63.00 for the company in a report released Friday. Janney Montgomery Scott downgraded Texas Capital Bancshares shares from a “buy” rating to a “neutral” rating in a Thursday, September 2 research note. Raymond James reduced his target price on Texas Capital Bancshares shares from $ 78.00 to $ 75 and established an “outperformance” rating for the company in a research note on Thursday, September 2. They noted that the move was an appraisal call. Finally, Wedbush downgraded Texas Capital Bancshares from an “outperforming” rating to a “neutral” rating in a research report released Thursday, September 2. One analyst rated the stock with a sell rating, six assigned a conservation rating, and six issued a buy rating for the stock. Based on data from MarketBeat.com, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus target price of $ 74.28.
Hedge funds have recently increased or reduced their holdings in the stock. FMR LLC increased its stake in Texas Capital Bancshares by 178,572.6% during the 1st quarter. FMR LLC now owns 150,085 shares of the bank valued at $ 8,194,000 after acquiring an additional 150,001 shares during the period. Thrivent Financial for Lutherans increased its position in Texas Capital Bancshares by 1.6% in the 1st quarter. Thrivent Financial for Lutherans now owns 13,418 shares of the bank valued at $ 952,000 after purchasing 207 additional shares during the period. Captrust Financial Advisors increased its stake in Texas Capital Bancshares by 1,149.3% during the first quarter. Captrust Financial Advisors now owns 1,799 shares of the bank valued at $ 128,000 after purchasing an additional 1,655 shares in the last quarter. Man Group plc acquired a new position in Texas Capital Bancshares during the first quarter valued at $ 514,000. Finally, Blackstone Group Inc. purchased a new position in Texas Capital Bancshares shares in the first quarter valued at $ 6,321,000. Institutional investors and hedge funds hold 94.65% of the company’s shares.
Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc. is the holding company for Texas Capital Bank NA. It provides commercial banking services to clients in Texas and focuses on mid-market business ventures and successful professionals and entrepreneurs. The firm loan portfolio includes commercial loans, real estate loans, construction loans and letters of credit; business deposit products include commercial chequing accounts, safe deposit boxes, cash concentration accounts and other cash management services, including an online system; trust and wealth management services include investment management, personal trust and estate services, custodial services, retirement accounts and related services.
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