Insider Bets Paying Off At TCBI As New 52-Week High Reached

In trading on Wednesday, shares of Texas Capital Bancshares Inc (TCBI) touched a new 52-week high of $62.14/share. That's a 53.81% rise, or $21.74 per share from the 52-week low of $40.40 set back on 01/30/2015. That means at today's intraday high, any investor who purchased TCBI stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, TCBI has seen 2 different instances of insiders buying over the trailing six month period.

START SLIDESHOW:
Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
01/23/2015 C. Keith Cargill President and CEO 10,000 $43.12 $431,200.00
02/27/2015 Preston M. Geren III Director 1,000 $46.94 $46,936.00

The chart below shows where TCBI has traded over the past year, with the 50-day and 200-day moving averages included.

Texas Capital Bancshares Inc Moving Averages Chart

In afternoon trading on Wednesday, TCBI shares are changing hands at $61.35/share, slightly below the new 52-week high.

More from Stocks

Quick Take: Did PepsiCo's Earnings Do Enough to Silence the Bears?

Quick Take: Did PepsiCo's Earnings Do Enough to Silence the Bears?

Facebook, Amazon, Microsoft and Ford - 5 Things You Must Know

Facebook, Amazon, Microsoft and Ford - 5 Things You Must Know

Abercrombie & Fitch CEO: We Aren't the Same Abercrombie You Once Knew

Abercrombie & Fitch CEO: We Aren't the Same Abercrombie You Once Knew

Amazon Wants to Use Your Car as a Mobile Warehouse - Here's What That Could Mean

Amazon Wants to Use Your Car as a Mobile Warehouse - Here's What That Could Mean

Chipotle's New CEO Has Set its Path for Redemption

Chipotle's New CEO Has Set its Path for Redemption