Insider Trading Report: Texas Capital Bancshares (TCBI)

Julie Anderson, CFO at Texas Capital Bancshares (TCBI), recently added 4,000 shares to her holdings. The buy increased her stake by just over 6 percent, and came to a total price of just under $242,000.

  • Special: This Company’s Share Price has Increased 1650% Since 2016
  • She was joined by a director on the same day who picked up 1,000 shares, valued at just under $60,000. And a director bought last week, picking up 5,000 shares, at a cost of just over $300,000 in a cluster of insider buying.

    Overall, there’s been just one insider sale over the past two years, amid a growing number of insider buys at far higher prices and in a far larger amount. Overall, insiders own just over 1.2 percent of shares.

    The regional bank has risen 44 percent in the past year, beating the S&P 500 by 10 points. The bank trades at a slight premium to book value, but still looks like a strong stock at less than 13 times earnings and sporting a 26 percent profit margin.

    Action to take: Investors may like shares here to play the current uptrend, however there’s no dividend at present.

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  • For traders, the March $65, last carrying a bid/ask spread around $3.00, is a solid way to play the current uptrend in shares with a decent amount of time on the trade for the option to move in-the-money. Traders can likely nab mid-to-high double-digit profits on the trade.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.