Texas Capital Bancshares Insider Sells $547,800 in Stock (TCBI)
Texas Capital Bancshares (NASDAQ:TCBI) Insider Vince Ackerson sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $54.78, for a total transaction of $547,800.00. Following the sale, the insider now directly owns 11,945 shares of the company’s stock, valued at approximately $654,347. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Texas Capital Bancshares (NASDAQ:TCBI) traded down 3.93% on Tuesday, hitting $52.79. 682,118 shares of the company’s stock traded hands. Texas Capital Bancshares has a one year low of $36.75 and a one year high of $52.17. The stock has a 50-day moving average of $45.31 and a 200-day moving average of $43.82. The company has a market cap of $2.161 billion and a price-to-earnings ratio of 19.56.
Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings data 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 previous 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.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Texas Capital Bancshares presently has an average rating of “Buy” and an average price target 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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