Insider Buying: C Keith Cargill Buys 5,000 Shares of Texas Capital Bancshares Stock (TCBI)
Texas Capital Bancshares (NASDAQ:TCBI) CEO C Keith Cargill acquired 5,000 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were purchased at an average cost of $53.44 per share, with a total value of $267,200.00. Following the completion of the transaction, the chief executive officer now directly owns 12,750 shares of the company’s stock, valued at approximately $681,360. The acquisition 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 1.36% during mid-day trading on Friday, hitting $52.99. The stock had a trading volume of 329,653 shares. Texas Capital Bancshares has a 52-week low of $41.08 and a 52-week high of $67.08. The stock has a 50-day moving average of $54.57 and a 200-day moving average of $59.09. The company has a market cap of $2.282 billion and a P/E ratio of 20.74.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.73 by $0.13. During the same quarter in the prior year, the company posted $0.80 earnings per share. Analysts expect that Texas Capital Bancshares will post $2.87 EPS for the current fiscal year.
TCBI has been the subject of a number of recent research reports. Analysts at DA Davidson cut their price target on shares of Texas Capital Bancshares from $68.00 to $60.00 in a research note on Friday, May 9th. Separately, analysts at Drexel Hamilton initiated coverage on shares of Texas Capital Bancshares in a research note on Thursday, May 8th. They set a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Texas Capital Bancshares from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 7th. They now have a $49.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Texas Capital Bancshares has a consensus rating of “Hold” and a consensus target price of $60.81.
Texas Capital Bancshares, Inc, is a financial holding company. The Company is the parent of Texas Capital Bank, National Association (NASDAQ:TCBI).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.