Texas Capital Bancshares Inc – (TCBI, +1, July 27th)
We ranked this stock +1 in October 2021 based on a cluster of buyers, including Julie Anderson (CFO since 2017), Robert Stallings (Director since 2001), David Huntley (Director since 2018) and Larry Helm (Chair, joined 2006), all around $60 per share. The stock has moved lower but insider buying has continued.
Since May, Stallings has purchased an additional $4 million worth of stock at an average price of $54, increasing his holdings by 55%. Helm purchased another $300,000 worth of stock in May at $52.
In June, Elysia Ragusa (Director since 2010) joined the pattern, purchasing $112,000 worth of stock at $55.91, her first open market purchase in the common shares.
With the additional buying, we are renewing our +1 ranking.