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Robert W. Stallings, a director at Texas Capital Bancshares Inc. (NASDAQ:TCBI), made significant acquisitions of company stock, according to a recent SEC filing. On April 21, Stallings purchased a total of 4,500 shares of common stock and 9,500 depositary shares for Series B Preferred Stock. The purchases amounted to a total value of $471,330, with the prices ranging from $19.17 to $64.27. The stock, currently trading at $67.15, has seen a -14.08% decline year-to-date, though InvestingPro data shows expected net income growth ahead.
Following these transactions, Stallings now directly owns 288,131 shares of common stock. Additionally, through indirect ownership via SCG Ventures LP, he holds 227,913 depositary shares. The depositary shares, each representing a 1/40th interest in the issuer’s 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, increased Stallings’ holdings in this category significantly. The $3.09 billion market cap bank currently trades at a P/E ratio of 38.27, suggesting a premium valuation compared to its Fair Value according to InvestingPro analysis.
These transactions reflect Stallings’ continued investment in Texas Capital Bancshares, where he serves as a board member. For deeper insights into TCBI’s valuation and growth prospects, including 7 additional key ProTips, visit InvestingPro.
In other recent news, Texas Capital Bancshares reported its first-quarter 2025 earnings, which showed a slight miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.92, falling short of the projected $0.9518, while revenue reached $280.48 million, missing the anticipated $285.71 million. Despite these shortfalls, Texas Capital has raised its revenue guidance to low double-digit growth for the year. In terms of analyst activity, DA Davidson adjusted its outlook on Texas Capital Bancshares, lowering the price target to $76 from $81 while maintaining a Neutral rating, citing mixed results with strong net interest income overshadowed by a decline in capital markets fees. Meanwhile, Stephens reduced its price target to $90 from $95 but kept an Overweight rating, highlighting strong net interest income and a stable forecast. Additionally, Texas Capital Bancshares announced the appointment of Ranjana B. Clark to its Board of Directors, bringing her extensive experience in financial services and technology to the company. These developments reflect the ongoing strategic adjustments and market conditions impacting Texas Capital Bancshares.
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