Exane Derivatives bought a new position in Texas Capital Bancshares, Inc. (NASDAQ: TCBI – Get Rating) in Q1, according to its latest filing with the Securities & Exchange Commission. The company bought 1,883 shares of the bank, valued at around $108,000.
Other institutional investors have also recently increased or reduced their stake in the company. Profund Advisors LLC increased its stake in Texas Capital Bancshares by 5.2% during the fourth quarter. Profund Advisors LLC now owns 3,934 shares of the bank worth $237,000 after acquiring 196 additional shares in the last quarter. Inspire Investing LLC acquired a new position in Texas Capital Bancshares during the first quarter worth $237,000. Verdence Capital Advisors LLC acquired a new position in Texas Capital Bancshares during the fourth quarter worth $238,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Texas Capital Bancshares by 15.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,098 shares in the bank worth $367,000 after acquiring 821 additional shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Texas Capital Bancshares by 5.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,443 shares in the bank worth $369,000 after acquiring 345 more shares last quarter. Hedge funds and other institutional investors own 97.77% of the company’s shares.
NASDAQ:TCBI shares opened at $54.39 on Friday. Texas Capital Bancshares, Inc. has a 12-month low of $48.79 and a 12-month high of $71.60. The company has a market capitalization of $2.76 billion, a PE ratio of 13.77, a growth price-earnings ratio of 1.98 and a beta of 1.54. The company has a debt ratio of 0.33, a quick ratio of 1.02 and a current ratio of 1.02. The company has a fifty-day moving average of $53.21 and a 200-day moving average of $58.63.
Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last reported quarterly earnings data on Wednesday, April 20. The bank reported EPS of $0.69 for the quarter, missing analyst consensus estimates of $0.73 per ($0.04). The company posted revenue of $203.83 million in the quarter, versus analyst estimates of $213.06 million. Texas Capital Bancshares had a return on equity of 7.80% and a net margin of 22.71%. Texas Capital Bancshares’ revenue for the quarter was down 14.8% from the same quarter last year. In the same quarter a year earlier, the company had earned earnings per share of $1.33. On average, analysts expect Texas Capital Bancshares, Inc. to post EPS of 3.35 for the current fiscal year.
In other news, Director Robert W. Stallings acquired 2,000 shares in a trade that took place on Thursday, May 12. The shares were purchased at an average cost of $50.25 per share, for a total transaction of $100,500.00. Following completion of the transaction, the administrator now directly owns 46,810 shares of the company, valued at $2,352,202.50. The purchase was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Additionally, director Robert W. Stallings acquired 8,000 shares in a transaction that took place on Monday, April 25. The shares were purchased at an average price of $52.65 per share, with a total value of $421,200.00. Following the completion of the transaction, the director now owns 44,810 shares of the company, valued at $2,359,246.50. Disclosure of this purchase can be found here. During the last quarter, insiders purchased 20,700 shares of the company valued at $1,087,345. Company insiders own 0.56% of the company’s shares.
Several research companies have published reports on TCBI. Raymond James upgraded Texas Capital Bancshares from an “outperform” rating to a “strong buy” rating and set a price target of $70.00 for the company in a research note on Thursday. StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research note. Truist Financial lowered its price target on Texas Capital Bancshares from $69.00 to $65.00 and set a “buy” rating for the company in a Wednesday, June 15 research note. Finally, TheStreet downgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research note. One research analyst rated the stock with a sell rating, four gave the company a hold rating, three gave the company a buy rating, and one gave the company a strong buy rating. According to data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $69.47.
About Texas Capital Bancshares (Get an evaluation)
Texas Capital Bancshares, Inc. operates as a bank holding company for Texas Capital Bank, is a full-service financial services company that provides customized solutions to businesses, entrepreneurs and individuals. The Company offers commercial banking, retail banking, investment banking and wealth management.
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