Texas capital

Swiss National Bank acquires 8,100 shares of Texas Capital Bancshares, Inc. (NASDAQ: TCBI)


The Swiss National Bank increased its holdings of shares in Texas Capital Bancshares, Inc. (NASDAQ: TCBI – Get Rating) by 7.3% in Q1, according to its most recent Form 13F filing with the SEC. The company held 119,650 shares of the bank after purchasing an additional 8,100 shares during the period. The Swiss National Bank held approximately 0.24% of Texas Capital Banc shares worth $6,857,000 when it last filed with the SEC.

Several other large investors have also recently increased or reduced their stake in TCBI. American Century Companies Inc. increased its stake in Texas Capital Bancshares by 39.7% during the fourth quarter. American Century Companies Inc. now owns 114,058 shares of the bank valued at $6,872,000 after purchasing an additional 32,416 shares during the period. ProShare Advisors LLC increased its stake in Texas Capital Bancshares by 56.5% during the fourth quarter. ProShare Advisors LLC now owns 15,657 shares of the bank valued at $943,000 after purchasing an additional 5,655 shares during the period. 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 buying 196 additional shares in the last quarter. First Trust Advisors LP increased its stake in Texas Capital Bancshares by 12.5% ​​during the fourth quarter. First Trust Advisors LP now owns 68,323 shares of the bank worth $4,116,000 after buying an additional 7,594 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Texas Capital Bancshares by 144.8% during the fourth quarter. Raymond James & Associates now owns 24,200 shares of the bank worth $1,458,000 after buying 14,315 more shares in the last quarter. Institutional investors hold 97.77% of the company’s shares.

A Wall Street analyst gives his opinion

Several equity research analysts have published reports on the company. 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. Stephens raised his price target on Texas Capital Bancshares to $66.00 in a Friday, July 22 research note. Jefferies Financial Group raised its price target on Texas Capital Bancshares from $51.00 to $52.00 in a Monday July 11 research note. Wedbush raised its price target on Texas Capital Bancshares to $60.00 in a Monday, July 25 report. Finally, StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Saturday, July 30 report. One analyst assigned the stock a sell rating, four issued a hold rating, one assigned a buy rating and one assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $63.67.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Elysia Holt Ragusa purchased 2,000 shares of Texas Capital Bancshares in a trade that took place on Thursday, June 2. The shares were purchased at an average price of $55.91 per share, for a total transaction of $111,820.00. Following the acquisition, the administrator now directly owns 14,164 shares of the company, valued at $791,909.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 8,000 shares in a deal that took place on Tuesday August 16th. The shares were acquired at an average cost of $65.35 per share, with a total value of $522,800.00. Following the transaction, the director now owns 146,000 shares of the company, valued at approximately $9,541,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, Ragusa director Elysia Holt acquired 2,000 shares in a transaction that took place on Thursday, June 2. The shares were acquired at an average cost of $55.91 per share, for a total transaction of $111,820.00. Following completion of the transaction, the administrator now directly owns 14,164 shares of the company, valued at approximately $791,909.24. Disclosure of this purchase can be found here. Insiders acquired a total of 59,705 shares of the company worth $3,336,583 over the past 90 days. Insiders of the company own 0.56% of the shares of the company.

Texas Capital Bancshares Stock down 2.9%

TCBI opened at $61.69 on Tuesday. The company has a market capitalization of $3.08 billion, a P/E ratio of 19.10, a P/E/G ratio of 2.31 and a beta of 1.53. The company’s 50-day moving average price is $56.45 and its 200-day moving average price is $57.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt ratio of 0.34. Texas Capital Bancshares, Inc. has a 12-month low of $48.79 and a 12-month high of $71.60.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last reported quarterly 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 net margin of 18.42% and a return on equity of 6.48%. During the same period a year earlier, the company posted EPS of $1.31. On average, stock analysts expect Texas Capital Bancshares, Inc. to post EPS of 3.43 for the current year.

Texas Capital Bancshares Company Profile

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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.

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Want to see which other hedge funds own TCBI? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating).

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



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