Texas Capital Bank Wealth Management Services Inc Raises Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBIFree Report) by 114.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,992 shares of the bank’s stock after acquiring an additional 11,181 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Texas Capital Bancshares were worth $1,357,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC grew its holdings in Texas Capital Bancshares by 41.9% in the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after purchasing an additional 476 shares during the last quarter. Strs Ohio grew its holdings in Texas Capital Bancshares by 133.3% in the third quarter. Strs Ohio now owns 2,100 shares of the bank’s stock worth $123,000 after purchasing an additional 1,200 shares during the last quarter. Keener Financial Planning LLC purchased a new position in Texas Capital Bancshares in the fourth quarter worth $139,000. Anchor Investment Management LLC purchased a new position in Texas Capital Bancshares in the fourth quarter worth $152,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Texas Capital Bancshares by 22.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,922 shares of the bank’s stock worth $172,000 after purchasing an additional 535 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Price Performance

Shares of TCBI stock traded up $0.01 on Friday, reaching $62.36. 222,262 shares of the company were exchanged, compared to its average volume of 402,569. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 2.21 and a beta of 1.17. The business has a 50-day moving average price of $59.37 and a 200 day moving average price of $59.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a 1 year low of $46.54 and a 1 year high of $66.18.

Texas Capital Bancshares (NASDAQ:TCBIGet Free Report) last released its earnings results on Thursday, April 18th. The bank reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $256.33 million during the quarter, compared to analysts’ expectations of $253.27 million. Texas Capital Bancshares had a net margin of 9.66% and a return on equity of 7.05%. Equities research analysts forecast that Texas Capital Bancshares, Inc. will post 3.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Truist Financial lowered their price objective on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. Jefferies Financial Group lowered their price objective on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Wedbush lowered their price objective on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Mizuho restated a “hold” rating and set a $66.00 target price (down from $72.00) on shares of Texas Capital Bancshares in a research report on Monday, April 1st. Finally, Stephens decreased their target price on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $63.58.

Read Our Latest Report on TCBI

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average price of $19.50 per share, with a total value of $58,500.00. Following the purchase, the director now owns 156,706 shares in the company, valued at $3,055,767. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert W. Stallings bought 3,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were bought at an average cost of $19.50 per share, for a total transaction of $58,500.00. Following the acquisition, the director now directly owns 156,706 shares of the company’s stock, valued at approximately $3,055,767. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas E. Long bought 2,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $58.78 per share, for a total transaction of $117,560.00. Following the completion of the acquisition, the director now directly owns 7,542 shares in the company, valued at $443,318.76. The disclosure for this purchase can be found here. Insiders purchased 8,000 shares of company stock valued at $235,160 over the last 90 days. Corporate insiders own 0.99% of the company’s stock.

About Texas Capital Bancshares

(Free Report)

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.

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Institutional Ownership by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

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