Insider Selling: George Jones Jr Unloads 31,818 Shares of Texas Capital Bancshares Stock (TCBI)
Texas Capital Bancshares (NASDAQ:TCBI) CEO George Jones, Jr. sold 31,818 shares of the company’s stock on the open market in a transaction dated Friday, October 25th. The stock was sold at an average price of $53.69, for a total transaction of $1,708,308.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded up 2.19% during mid-day trading on Monday, hitting $54.95. The stock had a trading volume of 521,202 shares. Texas Capital Bancshares has a one year low of $36.75 and a one year high of $52.17. The stock’s 50-day moving average is $45.31 and its 200-day moving average is $43.82. The company has a market cap of $2.249 billion and a price-to-earnings ratio of 19.14.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, October 23rd. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.77 by $0.03. During the same quarter in the prior year, the company posted $0.80 earnings per share. On average, analysts predict that Texas Capital Bancshares will post $2.86 earnings per share for the current fiscal year.
A number of research firms have recently commented on TCBI. Analysts at SunTrust raised their price target on shares of Texas Capital Bancshares from $48.00 to $53.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Sandler O’Neill raised their price target on shares of Texas Capital Bancshares from $49.00 to $53.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Texas Capital Bancshares from $42.00 to $51.00 in a research note to investors on Friday. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $51.54.
Texas Capital Bancshares, Inc, is a financial holding company. The Company is the parent of Texas Capital Bank, National Association (NASDAQ:TCBI).
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