Texas Capital Bancshares Target of Unusually High Options Trading (TCBI)

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 represents an increase of 874% compared to the typical daily volume of 113 call options.

In related news, COO Peter B. Bartholow sold 3,500 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $87.52, for a total value of $306,320.00. Following the transaction, the chief operating officer now directly owns 34,171 shares in the company, valued at $2,990,645.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TCBI. Eagle Asset Management Inc. lifted its holdings in shares of Texas Capital Bancshares by 791.5% in the third quarter. Eagle Asset Management Inc. now owns 776,161 shares of the bank’s stock worth $67,448,000 after acquiring an additional 689,096 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Texas Capital Bancshares in the second quarter worth about $661,000. Balyasny Asset Management LLC lifted its holdings in shares of Texas Capital Bancshares by 474.5% in the second quarter. Balyasny Asset Management LLC now owns 657,805 shares of the bank’s stock worth $50,914,000 after acquiring an additional 543,299 shares during the last quarter. State Street Corp lifted its holdings in shares of Texas Capital Bancshares by 14.8% in the second quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock worth $270,711,000 after acquiring an additional 449,797 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Texas Capital Bancshares by 26.5% in the second quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock worth $164,699,000 after acquiring an additional 445,248 shares during the last quarter.

Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at $87.75 on Wednesday. Texas Capital Bancshares has a 52-week low of $69.65 and a 52-week high of $95.20. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.22 and a current ratio of 1.27. The firm has a market cap of $4,350.00, a PE 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 quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping 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 business had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $214.08 million. During the same quarter in the prior year, the business posted $0.87 earnings per share. Texas Capital Bancshares’s revenue was up 11.7% compared to the same quarter last year. analysts expect that Texas Capital Bancshares will post 4.03 EPS for the current fiscal year.

Several research firms recently commented on TCBI. SunTrust Banks restated a “buy” rating and issued a $100.00 price target on shares of Texas Capital Bancshares in a research note on Wednesday, November 29th. Deutsche Bank upped 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 note 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 note on Friday, October 20th. Royal Bank Of Canada restated a “buy” rating on shares of Texas Capital Bancshares in a research note on Friday, October 20th. Finally, Bank of America restated a “buy” rating and issued a $100.00 price target (up from $97.00) on shares of Texas Capital Bancshares in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price 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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