Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Plans Dividend of $0.20

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) declared a dividend on Thursday, April 23rd. Investors of record on Monday, June 1st will be given a dividend of 0.20 per share by the bank on Monday, June 15th. The ex-dividend date is Monday, June 1st.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock opened at $103.58 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $4.58 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 0.95 and a beta of 0.67. Texas Capital Bancshares has a one year low of $66.25 and a one year high of $108.92. The business has a 50 day simple moving average of $97.70 and a 200 day simple moving average of $93.81.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its 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. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.The business had revenue of $323.99 million during the quarter, compared to the consensus estimate of $318.10 million. During the same quarter last year, the company earned $0.92 EPS. Texas Capital Bancshares’s revenue was up 15.5% on a year-over-year basis. On average, sell-side analysts forecast that Texas Capital Bancshares will post 7.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert W. Stallings bought 5,500 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average price of $22.80 per share, for a total transaction of $125,400.00. Following the completion of the acquisition, the director owned 175,087 shares of the company’s stock, valued at approximately $3,991,983.60. The trade was a 3.24% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paola M. Arbour bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average price of $91.50 per share, for a total transaction of $91,500.00. Following the acquisition, the director directly owned 6,671 shares of the company’s stock, valued at $610,396.50. This represents a 17.63% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 47,000 shares of company stock worth $1,162,255. Corporate insiders own 1.91% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in Texas Capital Bancshares during the fourth quarter worth approximately $51,728,000. AQR Capital Management LLC increased its position in Texas Capital Bancshares by 25.1% during the third quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock worth $162,229,000 after buying an additional 384,748 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Texas Capital Bancshares by 2,707.2% during the third quarter. Balyasny Asset Management L.P. now owns 348,936 shares of the bank’s stock worth $29,496,000 after buying an additional 336,506 shares during the last quarter. Algert Global LLC increased its position in Texas Capital Bancshares by 731.5% during the third quarter. Algert Global LLC now owns 294,840 shares of the bank’s stock worth $24,923,000 after buying an additional 259,380 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in Texas Capital Bancshares during the fourth quarter worth approximately $23,174,000. Institutional investors own 96.88% of the company’s stock.

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.