Texas Capital Bancshares (NASDAQ:TCBI) Insider Anna Alvarado Sells 3,500 Shares

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) insider Anna Alvarado sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $100.95, for a total value of $353,325.00. Following the transaction, the insider owned 23,810 shares in the company, valued at $2,403,619.50. The trade was a 12.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $100.19 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $99.80 and its two-hundred day moving average is $97.37. Texas Capital Bancshares, Inc. has a 12-month low of $73.61 and a 12-month high of $108.92. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.43 and a beta of 0.67.

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

Texas Capital Bancshares Dividend Announcement

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

Institutional Investors Weigh In On Texas Capital Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in Texas Capital Bancshares by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 263,975 shares of the bank’s stock valued at $22,314,000 after buying an additional 14,240 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Texas Capital Bancshares in the 3rd quarter valued at approximately $1,203,000. Cibc World Market Inc. purchased a new stake in Texas Capital Bancshares in the 3rd quarter valued at approximately $2,677,000. Picton Mahoney Asset Management purchased a new stake in Texas Capital Bancshares in the 3rd quarter valued at approximately $4,299,000. Finally, Faithward Advisors LLC purchased a new stake in Texas Capital Bancshares in the 3rd quarter valued at approximately $3,817,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TCBI shares. JPMorgan Chase & Co. lowered their price target on Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. Wall Street Zen upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Piper Sandler upped their price target on Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Zacks Research cut Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Royal Bank Of Canada upped their price target on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $104.09.

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.