Rob Holmes Sells 49,500 Shares of Texas Capital Bancshares (NASDAQ:TCBI) Stock

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) CEO Rob Holmes sold 49,500 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $101.22, for a total value of $5,010,390.00. Following the completion of the transaction, the chief executive officer owned 167,635 shares of the company’s stock, valued at $16,968,014.70. The trade was a 22.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Texas Capital Bancshares Trading Up 0.3%

Shares of Texas Capital Bancshares stock opened at $100.95 on Wednesday. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.43 and a beta of 0.67. Texas Capital Bancshares, Inc. has a fifty-two week low of $73.61 and a fifty-two week high of $108.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50 day moving average of $99.65 and a 200 day moving average of $97.26.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.16. The company had revenue of $323.99 million during 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 firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. As a group, research analysts predict that Texas Capital Bancshares, Inc. will post 7.63 earnings per share for the current year.

Texas Capital Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders 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 dividend payout ratio (DPR) is currently 10.75%.

Institutional Trading of Texas Capital Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Danske Bank A S acquired a new stake in Texas Capital Bancshares in the third quarter valued at $25,000. Farther Finance Advisors LLC increased its position in shares of Texas Capital Bancshares by 1,381.8% during the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after purchasing an additional 304 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Texas Capital Bancshares by 85.2% during the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock worth $31,000 after purchasing an additional 150 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Texas Capital Bancshares during the third quarter worth about $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Texas Capital Bancshares by 169.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock worth $35,000 after purchasing an additional 246 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About Texas Capital Bancshares

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.