Texas Capital Bancshares (NASDAQ:TCBI) Shares Acquired Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI). In a filing disclosed on November 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Texas Capital Bancshares stock on October 31st. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of ITT (NYSE:ITT) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of ICU Medical (NASDAQ:ICUI) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of AppFolio (NASDAQ:APPF) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Gates Industrial (NYSE:GTES) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 10/29/2024.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 10/28/2024.
• Purchased $1,001 – $15,000 in shares of Disco (OTCMKTS:DSCSY) on 10/28/2024.
• Purchased $1,001 – $15,000 in shares of Enerpac Tool Group (NYSE:EPAC) on 10/25/2024.
• Purchased $1,001 – $15,000 in shares of Disco (OTCMKTS:DSCSY) on 10/25/2024.

Texas Capital Bancshares Stock Down 2.9 %

TCBI stock opened at $82.97 on Friday. The company has a market cap of $3.83 billion, a PE ratio of 460.94, a price-to-earnings-growth ratio of 0.72 and a beta of 1.12. The business has a 50-day simple moving average of $73.32 and a 200 day simple moving average of $65.46. Texas Capital Bancshares, Inc. has a 52 week low of $53.16 and a 52 week high of $86.00. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 20,000 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were bought at an average cost of $21.28 per share, with a total value of $425,600.00. Following the completion of the transaction, the director now directly owns 84,587 shares of the company’s stock, valued at $1,800,011.36. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.99% of the company’s stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Several institutional investors have recently added to or reduced their stakes in the business. AlphaMark Advisors LLC lifted its stake in Texas Capital Bancshares by 2.6% in the third quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock valued at $386,000 after buying an additional 139 shares during the period. Blue Trust Inc. lifted its stake in Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after buying an additional 169 shares during the period. State of Alaska Department of Revenue lifted its stake in Texas Capital Bancshares by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock valued at $383,000 after buying an additional 180 shares during the period. Tectonic Advisors LLC lifted its stake in Texas Capital Bancshares by 1.1% in the third quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock valued at $1,631,000 after buying an additional 244 shares during the period. Finally, SummerHaven Investment Management LLC lifted its stake in Texas Capital Bancshares by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 13,540 shares of the bank’s stock valued at $828,000 after buying an additional 257 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TCBI shares. Stephens lifted their target price on Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Piper Sandler cut Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Bank of America upgraded Texas Capital Bancshares from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $51.00 to $77.00 in a report on Monday, September 9th. Royal Bank of Canada boosted their price target on Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Finally, StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.00.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.