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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) insider Anna Alvarado sold 3,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $100.95, for a total transaction of $353,325.00. Following the completion of the transaction, the insider owned 23,810 shares of the company’s stock, valued at approximately $2,403,619.50. This trade represents a 12.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Texas Capital Bancshares Price Performance

NASDAQ TCBI opened at $100.36 on Friday. Texas Capital Bancshares, Inc. has a 52 week low of $73.61 and a 52 week high of $108.92. 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 stock has a market cap of $4.38 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.42 and a beta of 0.67. The company has a 50-day moving average price of $99.91 and a two-hundred day moving average price of $97.46.

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 net margin of 17.71% and a return on equity of 10.76%. The firm had revenue of $323.99 million during the quarter, compared to analysts’ expectations of $318.10 million. During the same quarter in the prior year, the firm earned $0.92 EPS. Texas Capital Bancshares’s quarterly revenue was up 15.5% on a year-over-year basis. Analysts forecast that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current year.

Texas Capital Bancshares Announces Dividend

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

Institutional Trading of Texas Capital Bancshares

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in Texas Capital Bancshares by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 263,975 shares of the bank’s stock valued at $22,314,000 after purchasing an additional 14,240 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Texas Capital Bancshares during the third quarter valued at approximately $1,203,000. Cibc World Market Inc. acquired a new stake in Texas Capital Bancshares during the third quarter valued at approximately $2,677,000. Picton Mahoney Asset Management acquired a new stake in Texas Capital Bancshares during the third quarter valued at approximately $4,299,000. Finally, Faithward Advisors LLC acquired a new stake in Texas Capital Bancshares during the third quarter valued at approximately $3,817,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on TCBI. Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. JPMorgan Chase & Co. reduced their price target on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Zacks Research lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Piper Sandler upped their price target on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Citigroup upped their price target on shares of Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a research note on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Texas Capital Bancshares currently 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.