Vanguard Group Inc. Boosts Stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Vanguard Group Inc. lifted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,888,236 shares of the bank’s stock after buying an additional 68,211 shares during the quarter. Vanguard Group Inc. owned 10.30% of Texas Capital Bancshares worth $315,927,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TCBI. Headlands Technologies LLC boosted its position in Texas Capital Bancshares by 41.9% during the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after purchasing an additional 476 shares in the last quarter. Keener Financial Planning LLC purchased a new stake in Texas Capital Bancshares during the fourth quarter worth $139,000. Anchor Investment Management LLC purchased a new stake in Texas Capital Bancshares during the fourth quarter worth $152,000. TFO Wealth Partners LLC boosted its position in Texas Capital Bancshares by 123,750.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,477 shares of the bank’s stock worth $160,000 after purchasing an additional 2,475 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in Texas Capital Bancshares during the fourth quarter worth $204,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on TCBI shares. Truist Financial decreased their target price on Texas Capital Bancshares from $66.00 to $61.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Stephens reduced their price objective on Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Jefferies Financial Group reduced their price objective on Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Raymond James downgraded Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, April 4th. Finally, Keefe, Bruyette & Woods reduced their target price on Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus target price of $63.58.

Insider Activity at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 3,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was bought at an average cost of $19.50 per share, with a total value of $58,500.00. Following the acquisition, the director now directly owns 156,706 shares in the company, valued at $3,055,767. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Robert W. Stallings bought 6,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $19.52 per share, for a total transaction of $117,120.00. Following the transaction, the director now owns 163,706 shares in the company, valued at $3,195,541.12. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert W. Stallings acquired 3,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was acquired at an average cost of $19.50 per share, with a total value of $58,500.00. Following the acquisition, the director now owns 156,706 shares of the company’s stock, valued at $3,055,767. The disclosure for this purchase can be found here. Insiders have purchased 15,004 shares of company stock valued at $292,878 over the last ninety days. Corporate insiders own 0.99% of the company’s stock.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock opened at $61.14 on Friday. Texas Capital Bancshares, Inc. has a 12-month low of $50.40 and a 12-month high of $66.18. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s fifty day moving average price is $59.42 and its 200 day moving average price is $60.16.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. The company had revenue of $256.33 million for the quarter, compared to the consensus estimate of $253.27 million. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%. On average, research analysts forecast that Texas Capital Bancshares, Inc. will post 3.5 EPS for the current fiscal year.

Texas Capital Bancshares Profile

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.