A Director at Texas Capital Bancshares (TCBI) is Selling Shares


Today, a Director at Texas Capital Bancshares (NASDAQ: TCBI), Ian Turpin, sold shares of TCBI for $495.1K.

Following Ian Turpin’s last TCBI Sell transaction on February 11, 2015, the stock climbed by 46.2%.

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Based on Texas Capital Bancshares’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $305 million and quarterly net profit of $71.44 million. In comparison, last year the company earned revenue of $227 million and had a net profit of $51.1 million. TCBI’s market cap is $4.64B and the company has a P/E ratio of 19.62. Currently, Texas Capital Bancshares has an average volume of 112K.

Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $108.22, reflecting a 16.4% upside.

Ian Turpin’s trades have generated a -3.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Texas Capital Bancshares, Inc. operates as the holding company for Texas Capital Bank NA. It provides commercial banking services to its customers in Texas and concentrates on middle market commercial businesses and successful professionals and entrepreneurs.

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