Texas Capital Bancshares, Inc. (NASDAQ:TCBI) was the recipient of some unusual options trading activity on Friday. Stock traders bought 1,101 call options on the stock. This is an increase of approximately 874% compared to the typical daily volume of 113 call options.
In other news, COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $87.52, for a total transaction of $306,320.00. Following the sale, the chief operating officer now owns 34,171 shares of the company’s stock, valued at approximately $2,990,645.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.47% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Texas Capital Bancshares in the third quarter worth $101,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Texas Capital Bancshares by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock worth $156,000 after acquiring an additional 248 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in shares of Texas Capital Bancshares in the third quarter worth $201,000. Signature Financial Management Inc. acquired a new position in shares of Texas Capital Bancshares in the third quarter worth $215,000. Finally, Hilton Capital Management LLC acquired a new position in shares of Texas Capital Bancshares in the second quarter worth $201,000.
Shares of Texas Capital Bancshares (TCBI) opened at $90.90 on Monday. Texas Capital Bancshares has a 1-year low of $69.65 and a 1-year high of $93.35. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.27 and a quick ratio of 1.22. The firm has a market cap of $4,511.09, a P/E ratio of 23.61, a P/E/G ratio of 1.88 and a beta of 1.66.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.01. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The firm had revenue of $204.40 million during the quarter, compared to the consensus estimate of $214.08 million. During the same quarter last year, the firm earned $0.87 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. equities analysts expect that Texas Capital Bancshares will post 4.03 earnings per share for the current fiscal year.
Several research firms have recently commented on TCBI. SunTrust Banks reaffirmed a “buy” rating and set a $100.00 price target on shares of Texas Capital Bancshares in a research report on Wednesday, November 29th. Deutsche Bank lifted their price target on shares of Texas Capital Bancshares from $93.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Barclays set a $87.00 price target on shares of Texas Capital Bancshares and gave the company a “hold” rating in a research report on Friday, October 20th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a research report on Friday, October 20th. Finally, Bank of America reaffirmed a “buy” rating and set a $100.00 price target (up previously from $97.00) on shares of Texas Capital Bancshares in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $91.87.
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Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
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