Texas Capital Bancshares, Inc. (NASDAQ:TCBI) insider C Keith Cargill bought 3,000 shares of the stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $74.15 per share, for a total transaction of $222,450.00. Following the purchase, the insider now directly owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Texas Capital Bancshares, Inc. (NASDAQ TCBI) traded down 0.27% during mid-day trading on Friday, hitting $74.70. The stock had a trading volume of 531,242 shares. The stock’s 50-day moving average is $78.13 and its 200 day moving average is $80.25. Texas Capital Bancshares, Inc. has a 52 week low of $48.01 and a 52 week high of $93.35. The company has a market capitalization of $3.71 billion, a P/E ratio of 20.73 and a beta of 1.67.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, July 19th. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. Texas Capital Bancshares had a net margin of 21.84% and a return on equity of 10.01%. The company had revenue of $201.73 million for the quarter, compared to analysts’ expectations of $197.10 million. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Equities analysts forecast that Texas Capital Bancshares, Inc. will post $4.01 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Exane Derivatives acquired a new stake in shares of Texas Capital Bancshares during the second quarter valued at $125,000. Canada Pension Plan Investment Board boosted its stake in shares of Texas Capital Bancshares by 88.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,700 shares of the bank’s stock valued at $142,000 after buying an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Texas Capital Bancshares by 46.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,770 shares of the bank’s stock valued at $148,000 after buying an additional 563 shares in the last quarter. Hilton Capital Management LLC acquired a new stake in shares of Texas Capital Bancshares during the second quarter valued at $201,000. Finally, D.A. Davidson & CO. boosted its stake in shares of Texas Capital Bancshares by 14.3% in the second quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock valued at $203,000 after buying an additional 329 shares in the last quarter.

A number of research analysts have commented on TCBI shares. Wedbush upgraded Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $79.00 to $86.00 in a research note on Monday, May 15th. BidaskClub upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Texas Capital Bancshares in a research note on Thursday, April 20th. Jefferies Group LLC restated a “buy” rating and issued a $104.00 target price on shares of Texas Capital Bancshares in a research note on Friday, July 14th. Finally, Barclays PLC restated an “equal weight” rating and issued a $80.00 target price (up previously from $75.00) on shares of Texas Capital Bancshares in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $86.15.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.

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