Today, the Texas President CLO-TCB of Texas Capital Bancshares (NASDAQ: TCBI), Vince Ackerson, bought shares of TCBI for $134K.
Following Vince Ackerson’s last TCBI Buy transaction on August 07, 2015, the stock climbed by 9.3%. This recent transaction increases Vince Ackerson’s holding in the company by 7.1% to a total of $2.03 million.
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Based on Texas Capital Bancshares’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $327 million and quarterly net profit of $85.55 million. In comparison, last year the company earned revenue of $257 million and had a net profit of $58.68 million. TCBI’s market cap is $3.38B and the company has a P/E ratio of 12.82. Currently, Texas Capital Bancshares has an average volume of 896.5K.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $90.00, reflecting a 33.2% upside. Three different firms, including Piper Jaffray and SunTrust Robinson, currently also have a Buy rating on the stock.
The insider sentiment on Texas Capital Bancshares has been negative according to 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Vince Ackerson’s trades have generated a -13.1% 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.
