Texas Capital Bancshares Inc/tx (TCBI): Steve Rosenberg , director of Texas Capital Bancshares Inc/tx sold 982 shares on Apr 22, 2016. The Insider selling transaction was reported by the company on Apr 26, 2016 to the Securities and Exchange Commission. The shares were sold at $45.09 per share for a total value of $44,278.38 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 26, 2016, Patricia A Watson (director) purchased 40 shares at $31.79 per share price.On Oct 29, 2015, Julie L Anderson (Chief Accounting Officer) sold 917 shares at $55.06 per share price.Also, On Aug 24, 2015, C Keith Cargill (CEO) purchased 5,000 shares at $49.91 per share price.On Aug 7, 2015, John Hudgens (Chief Risk Officer) sold 1,637 shares at $60.33 per share price.
Texas Capital Bancshares Inc: On Friday, Apr 22, 2016 heightened volatility was witnessed in Texas Capital Bancshares Inc which led to swings in the share price. The shares opened for trading at $44.55 and hit $45.47 on the upside , eventually ending the session at $45.07, with a gain of 1.58% or 0.7 points. The heightened volatility saw the trading volume jump to 7,02,055 shares. The 52-week high of the share price is $63.7 and the company has a market cap of $2,069 M . The 52-week low of the share price is at $29.78.
Company has been under the radar of several Street Analysts.Texas Capital Bancshares Inc is Reiterated by Hovde Group to Underperform and the brokerage firm has raised the Price Target to $ 41 from a previous price target of $36 .The Rating was issued on Apr 22, 2016.Texas Capital Bancshares Inc is Downgraded by Hovde Group to Underperform. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on Apr 1, 2016.
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). The Company offers loans deposit accounts and other financial products and services. It offers a range of products and services oriented to the needs of its business customers including commercial loans for general corporate purposes including financing for working capital internal growth acquisitions and financing for business insurance premiums real estate term and construction loans mortgage finance lending equipment leasing treasury management services wealth management and trust services and letters of credit. The Company provides a range of banking services for its individual customers including personal wealth management and trust services; certificates of deposit; interest bearing and non-interest bearing checking accounts; traditional money market and savings accounts; loans and internet banking.