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Top Buys by Directors: Geren III's $112.4K Bet on TCBI

By Market News Video Staff, Monday, December 10, 1:04 PM ET
Play Video: One Reason For Insiders to Buy

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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $112.4K by Preston M. Geren III, Director at Texas Capital Bancshares Inc (NASDAQ:TCBI).

Geren III bets big on TCBI:

Purchased Insider Title Shares Price/Share Value
12/04/2012 Preston M. Geren III Director 2,500 $44.97 $112,413.50

Geren III's average cost works out to $44.97/share. In trading on Monday, bargain hunters could buy shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) and achieve a cost basis lower than Geren III, with shares changing hands as low as $44.25 per share. Shares of Texas Capital Bancshares Inc were changing hands at $44.68 at last check, trading up about 0.2% on Monday. The chart below shows the one year performance of TCBI shares, versus its 200 day moving average:

Texas Capital Bancshares Inc Chart

Looking at the chart above, TCBI's low point in its 52 week range is $27.50 per share, with $52.17 as the 52 week high point that compares with a last trade of $44.68.

According to the ETF Finder at ETF Channel, TCBI makes up 3.51% of the KBW Regional Bank Portfolio ETF (NASDAQ:KBWR) which is trading up by about 0.1% on the day Monday.

See what other ETFs contain TCBI
See what other stocks are held by KBWR

Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial .

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