Texas Capital Bancshares, Inc. (NASDAQ:TCBI) was the target of some unusual options trading on Friday. Investors acquired 1,101 call options on the company. This is an increase of 874% compared to the average volume of 113 call options.
In other news, COO Peter B. Bartholow sold 3,500 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $87.52, for a total value of $306,320.00. Following the sale, the chief operating officer now owns 34,171 shares in the company, valued at $2,990,645.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC grew its stake in Texas Capital Bancshares by 26.3% during the second quarter. LS Investment Advisors LLC now owns 3,944 shares of the bank’s stock worth $305,000 after buying an additional 821 shares in the last quarter. Aperio Group LLC increased its stake in Texas Capital Bancshares by 5.6% during the 2nd quarter. Aperio Group LLC now owns 11,662 shares of the bank’s stock valued at $903,000 after purchasing an additional 617 shares in the last quarter. State Treasurer State of Michigan increased its stake in Texas Capital Bancshares by 1.5% during the 2nd quarter. State Treasurer State of Michigan now owns 20,400 shares of the bank’s stock valued at $1,579,000 after purchasing an additional 300 shares in the last quarter. US Bancorp DE increased its stake in Texas Capital Bancshares by 5.5% during the 2nd quarter. US Bancorp DE now owns 4,032 shares of the bank’s stock valued at $312,000 after purchasing an additional 211 shares in the last quarter. Finally, ING Groep NV bought a new stake in Texas Capital Bancshares during the 2nd quarter valued at $467,000.
Shares of Texas Capital Bancshares (TCBI) opened at $90.35 on Wednesday. Texas Capital Bancshares has a 12 month low of $69.65 and a 12 month high of $95.20. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 1.44. The company has a market cap of $4,426.69, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 1.84 and a beta of 1.66.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The firm had revenue of $204.40 million during the quarter, compared to the consensus estimate of $214.08 million. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. equities research analysts forecast that Texas Capital Bancshares will post 4.03 EPS for the current fiscal year.
A number of brokerages have weighed in on TCBI. Deutsche Bank lifted their price objective on Texas Capital Bancshares from $93.00 to $95.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Royal Bank of Canada restated a “buy” rating on shares of Texas Capital Bancshares in a report on Friday, October 20th. Bank of America reiterated a “buy” rating and set a $100.00 target price (up from $97.00) on shares of Texas Capital Bancshares in a research report on Thursday, October 19th. Finally, SunTrust Banks reiterated a “buy” rating and set a $95.00 target price on shares of Texas Capital Bancshares in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Texas Capital Bancshares has a consensus rating of “Hold” and a consensus target price of $91.87.
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About Texas Capital Bancshares
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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