Director Thomas Long Acquires Shares of Texas Capital Bancshares Inc (TCBI)
Director Thomas Long has recently increased his stake in Texas Capital Bancshares Inc (NASDAQ:TCBI) by purchasing 2,000 shares of the company's stock, according to a SEC Filing dated 2024-02-27. This transaction has added to the director's holdings, bringing his total purchases over the past year to 6,000 shares, with no recorded sales in the same period.Texas Capital Bancshares Inc, the parent company of Texas Capital Bank, operates as a commercial bank that delivers highly personalized financial services to businesses and entrepreneurs. The bank is headquartered in Dallas, Texas, and focuses on providing solutions that cater to the needs of its clients.Insider transactions are closely monitored as they can provide insights into a company's internal perspective. The insider, Thomas Long, has demonstrated confidence in the company's prospects with this recent acquisition.
The insider transaction history for Texas Capital Bancshares Inc shows a positive trend, with 25 insider buys and only 1 insider sell over the past year. This could be indicative of the insiders' bullish sentiment on the stock's future performance.On the valuation front, Texas Capital Bancshares Inc's shares were trading at $58.78 on the day of the insider's purchase, giving the company a market cap of $2.731 billion. The price-earnings ratio stands at 16.28, which is above the industry median of 9.29 but below the company's historical median price-earnings ratio.
The stock's price relative to the GuruFocus Value (GF Value) suggests that it is modestly undervalued. With a price of $58.78 and a GF Value of $72.34, the price-to-GF-Value ratio is 0.81. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.The recent insider buying activity, combined with the stock's valuation metrics, may be of interest to investors looking for potential opportunities in the financial sector.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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