Texas capital

Victory Capital Management Inc. sells 843 shares of Texas Capital Bancshares, Inc. (NASDAQ: TCBI)


Victory Capital Management Inc. reduced its holdings of Texas Capital Bancshares, Inc. (NASDAQ: TCBI – Get Rating) stock by 6.8% in the first quarter, the company said in its latest 13F filing with the Securities and Exchange Commission. . The fund held 11,517 shares of the bank after selling 843 shares during the quarter. Victory Capital Management Inc.’s holdings in Texas Capital Bancshares were worth $592,000 at the end of last quarter.

Other large investors have also recently changed their holdings in the company. Exane Derivatives acquired in Q1 a new equity stake in Texas Capital Bancshares valued at approximately $108,000. Carl Stuart Investment Advisor Inc. bought a new stake in shares of Texas Capital Bancshares during Q1 worth approximately $115,000. Profund Advisors LLC increased its position in shares of Texas Capital Bancshares by 5.2% during the fourth quarter. Profund Advisors LLC now owns 3,934 shares of the bank valued at $237,000 after acquiring 196 additional shares in the last quarter. Inspire Investing LLC bought a new stock position in Texas Capital Bancshares during Q1 worth approximately $237,000. Finally, Verdence Capital Advisors LLC increased its stake in Texas Capital Bancshares shares by 17.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 4,637 shares of the bank valued at $266,000 after buying 683 additional shares last quarter. Institutional investors hold 97.77% of the company’s shares.

Changes to analyst ratings

A number of stock analysts have weighed in on the company recently. Truist Financial cut its price target on Texas Capital Bancshares from $69.00 to $65.00 and set a “buy” rating on the stock in a Wednesday, June 15 report. TheStreet upgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 report. StockNews.com upgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Saturday, July 30, report. Wedbush raised its price target on Texas Capital Bancshares to $60.00 in a Monday, July 25 report. Finally, Raymond James upgraded Texas Capital Bancshares from an ‘outperform’ rating to a ‘strong buy’ rating and set a $70.00 price target on the stock in a Thursday research note. July 7. One analyst assigned the stock a sell rating, four assigned a hold rating, one assigned a buy rating and one assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.67.

Texas Capital Banc Share Price Performance

Shares of Texas Capital Bancshares opened at $64.86 on Friday. The company has a debt ratio of 0.34, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50-day simple moving average is $55.96 and its two-hundred-day simple moving average is $57.77. The stock has a market capitalization of $3.24 billion, a P/E ratio of 20.08, a price-to-earnings growth ratio of 2.37 and a beta of 1.53. Texas Capital Bancshares, Inc. has a one-year low of $48.79 and a one-year high of $71.60.

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 the consensus estimate 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 of the previous year, the company achieved EPS of $1.31. Analysts expect Texas Capital Bancshares, Inc. to post EPS of 3.43 for the current year.

Insider activity

In other news, Ragusa Director Elysia Holt acquired 2,000 shares of Texas Capital Bancshares in a transaction that took place on Thursday, June 2. The stock was purchased at an average price of $55.91 per share, for a total transaction of $111,820.00. Following completion of the transaction, the administrator now owns 14,164 shares of the company, valued at $791,909.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. In other news, Director Robert W. Stallings acquired 2,430 shares of Texas Capital Bancshares in a transaction that took place on Monday, July 25. The stock was purchased at an average price of $22.54 per share, for a total transaction of $54,772.20. Following completion of the transaction, the administrator now owns 2,340 shares of the company, valued at $52,743.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. Additionally, Ragusa Director Elysia Holt acquired 2,000 shares of Texas Capital Bancshares in a transaction that took place on Thursday, June 2. The shares were purchased at an average price of $55.91 per share, with a total value of $111,820.00. Following the transaction, the director now 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 valued at $3,336,583 over the past ninety days. 0.56% of the shares are currently held by company insiders.

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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