Rob Holmes Sells 49,100 Shares of Texas Capital Bancshares (NASDAQ:TCBI) Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) CEO Rob Holmes sold 49,100 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $101.88, for a total value of $5,002,308.00. Following the sale, the chief executive officer directly owned 217,135 shares in the company, valued at $22,121,713.80. This trade represents a 18.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $100.95 on Wednesday. The business’s 50 day simple moving average is $99.65 and its 200-day simple moving average is $97.26. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. Texas Capital Bancshares, Inc. has a 12 month low of $73.61 and a 12 month high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $1.58 EPS for the quarter, topping the consensus estimate of $1.42 by $0.16. The business had revenue of $323.99 million for the quarter, compared to analyst estimates of $318.10 million. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 EPS. As a group, equities analysts forecast that Texas Capital Bancshares, Inc. will post 7.63 earnings per share for the current fiscal year.

Texas Capital Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, June 1st. Texas Capital Bancshares’s payout ratio is currently 10.75%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Wall Street Zen upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Royal Bank Of Canada lifted their price objective on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Citigroup lifted their price objective on Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a research report on Tuesday, April 28th. Finally, Zacks Research downgraded Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.09.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its holdings in Texas Capital Bancshares by 1.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,376,880 shares of the bank’s stock valued at $305,743,000 after acquiring an additional 43,003 shares during the last quarter. AQR Capital Management LLC raised its holdings in Texas Capital Bancshares by 16.4% in the 4th quarter. AQR Capital Management LLC now owns 2,234,678 shares of the bank’s stock valued at $202,328,000 after acquiring an additional 315,484 shares during the last quarter. Geode Capital Management LLC raised its holdings in Texas Capital Bancshares by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,197,494 shares of the bank’s stock valued at $108,436,000 after acquiring an additional 33,709 shares during the last quarter. Azora Capital LP raised its holdings in Texas Capital Bancshares by 11.5% in the 3rd quarter. Azora Capital LP now owns 1,036,613 shares of the bank’s stock valued at $87,625,000 after acquiring an additional 106,599 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Texas Capital Bancshares by 2.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank’s stock valued at $76,740,000 after acquiring an additional 18,258 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.