Insider Selling: Texas Capital Bancshares Inc (TCBI) COO Sells 3,500 Shares of Stock
Texas Capital Bancshares Inc (NASDAQ:TCBI) COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction on Friday, October 20th. The shares were sold at an average price of $87.52, for a total transaction of $306,320.00. Following the completion of the transaction, the chief operating officer now owns 34,171 shares in the company, valued at approximately $2,990,645.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Texas Capital Bancshares Inc (TCBI) traded down 1.25% during midday trading on Monday, reaching $86.90. 279,376 shares of the company traded hands. The firm has a 50 day moving average of $81.66 and a 200-day moving average of $78.18. Texas Capital Bancshares Inc has a 12 month low of $56.25 and a 12 month high of $93.35. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 24.12 and a beta of 1.68.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The business had revenue of $204.40 million during the quarter, compared to the consensus estimate of $214.08 million. Texas Capital Bancshares had a net margin of 26.27% and a return on equity of 11.40%. Texas Capital Bancshares’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. Analysts forecast that Texas Capital Bancshares Inc will post $4.04 EPS for the current fiscal year.
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A number of equities analysts have weighed in on TCBI shares. Zacks Investment Research lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “buy” rating on shares of Texas Capital Bancshares in a report on Friday. BidaskClub upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Stephens reiterated a “hold” rating and issued a $84.00 price target on shares of Texas Capital Bancshares in a report on Thursday, July 20th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $90.00 price target on shares of Texas Capital Bancshares in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $89.60.
Large investors have recently added to or reduced their stakes in the stock. Exane Derivatives acquired a new position in Texas Capital Bancshares during the 2nd quarter valued at $125,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Texas Capital Bancshares by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock valued at $156,000 after purchasing an additional 248 shares during the last quarter. Hilton Capital Management LLC acquired a new position in Texas Capital Bancshares during the 2nd quarter valued at $201,000. Cubist Systematic Strategies LLC acquired a new position in Texas Capital Bancshares during the 2nd quarter valued at $201,000. Finally, D.A. Davidson & CO. raised its stake in Texas Capital Bancshares by 14.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock valued at $203,000 after purchasing an additional 329 shares during the last quarter.
Texas Capital Bancshares Company Profile
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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