Texas capital

Shell Asset Management Co. holds a $275,000 equity position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)


Shell Asset Management Co. reduced its holdings of shares in Texas Capital Bancshares, Inc. (NASDAQ: TCBI – Get Rating) by 12.9% during the 1st quarter, according to its latest disclosure to the Securities and Exchange Commission. The company held 4,793 shares of the bank after selling 711 shares during the period. Shell Asset Management Co.’s holdings in Texas Capital Bancshares were worth $275,000 when it last filed with the Securities and Exchange Commission.

Other big investors have also been buying and selling shares of the company recently. Exane Derivatives purchased a new equity stake from Texas Capital Bancshares during the first quarter for $108,000. Profund Advisors LLC increased its holdings of Texas Capital Bancshares shares 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 purchased a new stake in shares of Texas Capital Bancshares during the first quarter worth $237,000. Verdence Capital Advisors LLC increased its holdings of Texas Capital Bancshares shares by 17.3% in the first quarter. Verdence Capital Advisors LLC now owns 4,637 shares of the bank worth $266,000 after acquiring 683 additional shares last quarter. Finally, Truist Financial Corp purchased a new equity stake from Texas Capital Bancshares during the first quarter at a value of $297,000. 97.77% of the shares are held by institutional investors and hedge funds.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Ragusa director Elysia Holt bought 2,000 shares of the company in a deal that took place on Thursday, June 2. The shares were acquired at an average price of $55.91 per share, for a total transaction of $111,820.00. As a result of the transaction, the administrator now directly owns 14,164 shares of the company, valued at approximately $791,909.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Separately, Ragusa director Elysia Holt acquired 2,000 shares of the company in a transaction on Thursday, June 2. The shares were purchased at an average cost of $55.91 per share, with a total value of $111,820.00. Following the completion of the purchase, the director now owns 14,164 shares of the company, valued at $791,909.24. The acquisition was disclosed in a filing with the SEC, accessible via this hyperlink. Additionally, director Robert W. Stallings purchased 2,430 shares of the company in a transaction dated Monday, July 25. The shares were purchased at an average price of $22.54 per share, with a total value of $54,772.20. Following the purchase, the director now directly owns 2,340 shares of the company, valued at approximately $52,743.60. Disclosure of this purchase can be found here. Over the past three months, insiders have purchased 52,705 shares of the company valued at $2,890,533. 0.56% of the shares are currently held by insiders of the company.

Analyst upgrades and downgrades

Several brokerages have commented on TCBI. Wedbush raised its price target on Texas Capital Bancshares to $60.00 in a Monday, July 25 report. Jefferies Financial Group raised its price target on shares of Texas Capital Bancshares from $51.00 to $52.00 in a Monday, July 11 report. Stephens raised his price target on shares of Texas Capital Bancshares to $66.00 in a Friday, July 22 report. Raymond James upgraded shares of Texas Capital Bancshares from an “outperform” rating to a “strong buy” rating and set a target price of $70.00 for the company in a Thursday 7 research note. July. Finally, StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Saturday, July 30 research rating. One investment analyst has assigned the stock a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned the company a strong buy rating. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $63.67.

Performance of Texas Capital Bancshares shares

NASDAQ: TCBI opened at $59.75 on Friday. The company has a market capitalization of $2.98 billion, a PE ratio of 18.50, a growth price-earnings ratio of 2.16 and a beta of 1.53. The company has a quick ratio of 1.02, a current ratio of 1.02 and a leverage ratio of 0.34. Texas Capital Bancshares, Inc. has a 12-month low of $48.79 and a 12-month high of $71.60. The company has a 50-day moving average price of $54.61 and a 200-day moving average price of $57.73.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last released its results on Thursday, July 21. The bank reported earnings per share (EPS) of $0.59 for the quarter, missing analyst consensus estimates of $0.74 per ($0.15). Texas Capital Bancshares had a return on equity of 6.48% and a net margin of 18.42%. During the same period last year, the company earned earnings per share of $1.31. Research analysts expect Texas Capital Bancshares, Inc. to post earnings per share of 3.42 for the current fiscal year.

About Texas Capital Bancshares

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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.

See also

Institutional ownership by quarter for Texas Capital Bancshares (NASDAQ:TCBI)



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