Texas Capital Bancshares, Inc. (NASDAQ:TCBI) was the target of unusually large options trading activity on Friday. Stock traders acquired 1,101 call options on the company. This is an increase of approximately 874% compared to the typical daily volume of 113 call options.

TCBI has been the subject of several research reports. Barclays set a $87.00 price objective on shares of Texas Capital Bancshares and gave the company a “hold” rating in a research report on Friday, October 20th. Royal Bank Of Canada restated a “buy” rating on shares of Texas Capital Bancshares in a research report on Friday, October 20th. Bank of America restated a “buy” rating and set a $100.00 price objective (up previously from $97.00) on shares of Texas Capital Bancshares in a research report on Thursday, October 19th. Deutsche Bank raised their price objective on shares of Texas Capital Bancshares from $93.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $86.00 target price on shares of Texas Capital Bancshares in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $91.87.

Texas Capital Bancshares (NASDAQ TCBI) opened at $90.90 on Monday. Texas Capital Bancshares has a 52-week low of $69.65 and a 52-week high of $93.35. The company has a market cap of $4,511.09, a P/E ratio of 23.61, a PEG ratio of 1.88 and a beta of 1.66. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.27 and a quick ratio of 1.22.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.01. The company had revenue of $204.40 million for the quarter, compared to analyst estimates of $214.08 million. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. sell-side analysts forecast that Texas Capital Bancshares will post 4.03 EPS for the current year.

In related news, COO Peter B. Bartholow sold 3,500 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $87.52, for a total value of $306,320.00. Following the sale, the chief operating officer now owns 34,171 shares of the company’s stock, valued at approximately $2,990,645.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in TCBI. World Asset Management Inc boosted its stake in Texas Capital Bancshares by 2.1% during the second quarter. World Asset Management Inc now owns 3,134 shares of the bank’s stock worth $243,000 after buying an additional 64 shares in the last quarter. 1st Global Advisors Inc. boosted its stake in Texas Capital Bancshares by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 6,979 shares of the bank’s stock worth $540,000 after buying an additional 77 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Texas Capital Bancshares by 0.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 12,631 shares of the bank’s stock worth $978,000 after buying an additional 96 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Texas Capital Bancshares by 2.7% during the second quarter. Teacher Retirement System of Texas now owns 4,006 shares of the bank’s stock worth $310,000 after buying an additional 107 shares in the last quarter. Finally, Peloton Wealth Strategists boosted its stake in Texas Capital Bancshares by 0.9% during the second quarter. Peloton Wealth Strategists now owns 17,050 shares of the bank’s stock worth $1,320,000 after buying an additional 150 shares in the last quarter.

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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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