Robert Stallings Bought 1.6% More Shares In Texas Capital Bancshares

Potential Texas Capital Bancshares, Inc. (NASDAQ:TCBI) shareholders may wish to note that the Lead Independent Director, Robert Stallings, recently bought US$289k worth of stock, paying US$64.27 for each share. Although the purchase only increased their holding by 1.6%, it is still a solid purchase in our view.

We've discovered 1 warning sign about Texas Capital Bancshares. View them for free.

Texas Capital Bancshares Insider Transactions Over The Last Year

In fact, the recent purchase by Robert Stallings was the biggest purchase of Texas Capital Bancshares shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$68.21. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Robert Stallings.

Robert Stallings bought a total of 5.00k shares over the year at an average price of US$64.66. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Texas Capital Bancshares

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership Of Texas Capital Bancshares

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Texas Capital Bancshares insiders own 1.5% of the company, worth about US$48m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Texas Capital Bancshares Insider Transactions Indicate?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Texas Capital Bancshares we think they are probably pretty confident of a bright future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. In terms of investment risks, we've identified 1 warning sign with Texas Capital Bancshares and understanding this should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.