C Keith Cargill Buys 3,000 Shares of Texas Capital Bancshares Inc (TCBI) Stock

Texas Capital Bancshares Inc (NASDAQ:TCBI) CEO C Keith Cargill purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The shares were bought at an average price of $67.59 per share, for a total transaction of $202,770.00. Following the completion of the purchase, the chief executive officer now directly owns 90,880 shares in the company, valued at $6,142,579.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ TCBI traded down $0.54 during trading on Friday, reaching $66.74. The company’s stock had a trading volume of 21,433 shares, compared to its average volume of 529,941. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.26 and a current ratio of 1.32. The firm has a market cap of $3.87 billion, a PE ratio of 16.42, a P/E/G ratio of 1.11 and a beta of 1.77. Texas Capital Bancshares Inc has a twelve month low of $67.24 and a twelve month high of $103.05.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, October 17th. The bank reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.07). The business had revenue of $257.69 million during the quarter, compared to analyst estimates of $257.14 million. Texas Capital Bancshares had a net margin of 23.10% and a return on equity of 13.60%. During the same quarter in the prior year, the firm posted $1.12 earnings per share. Research analysts predict that Texas Capital Bancshares Inc will post 6.11 earnings per share for the current year.

A number of research firms have commented on TCBI. BidaskClub lowered shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 15th. Sandler O’Neill restated a “hold” rating and issued a $103.00 price objective on shares of Texas Capital Bancshares in a research note on Friday, July 20th. Wedbush lifted their price objective on shares of Texas Capital Bancshares from $109.00 to $110.00 and gave the company a “$96.20” rating in a research note on Thursday, July 19th. Barclays dropped their price objective on shares of Texas Capital Bancshares from $108.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 3rd. Finally, Zacks Investment Research lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Texas Capital Bancshares has a consensus rating of “Hold” and an average price target of $99.47.

Several large investors have recently modified their holdings of TCBI. Point72 Asset Management L.P. purchased a new stake in shares of Texas Capital Bancshares in the second quarter valued at about $119,000. Cerebellum GP LLC purchased a new stake in shares of Texas Capital Bancshares in the third quarter valued at about $172,000. Commonwealth Equity Services LLC purchased a new stake in shares of Texas Capital Bancshares in the first quarter valued at about $222,000. WINTON GROUP Ltd purchased a new stake in shares of Texas Capital Bancshares in the first quarter valued at about $250,000. Finally, Capital Management Associates NY purchased a new stake in shares of Texas Capital Bancshares in the second quarter valued at about $329,000.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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