Crossmark Global Holdings Inc. Makes New $201,000 Investment in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Crossmark Global Holdings Inc. acquired a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,815 shares of the bank’s stock, valued at approximately $201,000.

Several other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in Texas Capital Bancshares in the 2nd quarter worth approximately $26,000. Blue Trust Inc. raised its holdings in shares of Texas Capital Bancshares by 89.9% during the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after purchasing an additional 169 shares during the last quarter. CWM LLC lifted its position in Texas Capital Bancshares by 40.8% during the second quarter. CWM LLC now owns 949 shares of the bank’s stock valued at $58,000 after purchasing an additional 275 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in Texas Capital Bancshares in the second quarter valued at $207,000. Finally, SG Americas Securities LLC raised its stake in shares of Texas Capital Bancshares by 40.4% during the 1st quarter. SG Americas Securities LLC now owns 3,932 shares of the bank’s stock valued at $242,000 after buying an additional 1,131 shares during the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 20,000 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, October 22nd. The shares were purchased at an average price of $21.28 per share, with a total value of $425,600.00. Following the transaction, the director now owns 84,587 shares in the company, valued at $1,800,011.36. This represents a 30.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.99% of the company’s stock.

Texas Capital Bancshares Stock Down 1.2 %

Shares of NASDAQ TCBI opened at $86.01 on Tuesday. The stock has a market cap of $3.97 billion, a PE ratio of 477.83, a P/E/G ratio of 0.83 and a beta of 1.12. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 12-month low of $53.16 and a 12-month high of $91.29. The company has a 50-day moving average of $76.23 and a 200 day moving average of $66.96.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 EPS for the quarter, beating the consensus estimate of $0.97 by $0.65. The firm had revenue of $304.91 million during the quarter, compared to analysts’ expectations of $279.64 million. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. As a group, sell-side analysts predict that Texas Capital Bancshares, Inc. will post 4.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on TCBI shares. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Barclays upped their price objective on shares of Texas Capital Bancshares from $49.00 to $60.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Finally, DA Davidson raised their target price on Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.00.

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.