GSA Capital Partners LLP Acquires 45,263 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

GSA Capital Partners LLP raised its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 512.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,089 shares of the bank’s stock after acquiring an additional 45,263 shares during the quarter. Texas Capital Bancshares makes up approximately 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 18th largest position. GSA Capital Partners LLP owned 0.11% of Texas Capital Bancshares worth $3,496,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Texas Capital Bancshares by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,820,025 shares of the bank’s stock valued at $283,899,000 after acquiring an additional 25,113 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Texas Capital Bancshares by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,265,085 shares of the bank’s stock valued at $211,025,000 after acquiring an additional 80,311 shares in the last quarter. North Reef Capital Management LP boosted its position in Texas Capital Bancshares by 99.2% during the 3rd quarter. North Reef Capital Management LP now owns 1,450,000 shares of the bank’s stock valued at $85,405,000 after acquiring an additional 722,250 shares in the last quarter. Heartland Advisors Inc. boosted its position in Texas Capital Bancshares by 7.8% during the 4th quarter. Heartland Advisors Inc. now owns 819,896 shares of the bank’s stock valued at $54,442,000 after acquiring an additional 59,132 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Texas Capital Bancshares by 8.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 720,263 shares of the bank’s stock valued at $46,551,000 after acquiring an additional 56,495 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TCBI shares. Royal Bank of Canada lowered their target price on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating for the company in a report on Tuesday, April 9th. Citigroup lowered their target price on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Wedbush lowered their target price on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Raymond James lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a report on Thursday, April 4th. Finally, Hovde Group lowered their target price on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a report on Friday, April 19th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $63.58.

Texas Capital Bancshares Trading Down 2.2 %

NASDAQ:TCBI opened at $57.43 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. Texas Capital Bancshares, Inc. has a 12 month low of $48.41 and a 12 month high of $66.18. The company has a market cap of $2.68 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.44 and a beta of 1.15. The company has a 50 day simple moving average of $59.15 and a two-hundred day simple moving average of $59.96.

Texas Capital Bancshares (NASDAQ:TCBI) last posted 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. Texas Capital Bancshares had a net margin of 9.66% and a return on equity of 7.05%. The business had revenue of $256.33 million during the quarter, compared to the consensus estimate of $253.27 million. Research analysts forecast that Texas Capital Bancshares, Inc. will post 3.53 earnings per share for the current year.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of $19.36 per share, with a total value of $58,080.00. Following the transaction, the director now directly owns 169,706 shares in the company, valued at approximately $3,285,508.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of $19.36 per share, with a total value of $58,080.00. Following the transaction, the director now directly owns 169,706 shares in the company, valued at approximately $3,285,508.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert W. Stallings bought 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average cost of $19.52 per share, with a total value of $117,120.00. Following the acquisition, the director now directly owns 163,706 shares in the company, valued at approximately $3,195,541.12. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 15,004 shares of company stock valued at $292,878. Company insiders own 0.99% of the company’s stock.

About Texas Capital Bancshares

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.