Bank of Montreal Can Acquires 373 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Bank of Montreal Can lifted its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,900 shares of the bank’s stock after purchasing an additional 373 shares during the period. Bank of Montreal Can owned about 0.07% of Texas Capital Bancshares worth $2,178,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Algert Global LLC grew its holdings in shares of Texas Capital Bancshares by 367.3% in the third quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock worth $1,595,000 after purchasing an additional 17,540 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Texas Capital Bancshares by 87.0% during the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock valued at $65,219,000 after buying an additional 506,094 shares during the period. TD Asset Management Inc raised its holdings in shares of Texas Capital Bancshares by 26.6% during the second quarter. TD Asset Management Inc now owns 34,278 shares of the bank’s stock valued at $2,096,000 after acquiring an additional 7,200 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in Texas Capital Bancshares by 22.0% in the second quarter. Hodges Capital Management Inc. now owns 179,098 shares of the bank’s stock worth $10,950,000 after acquiring an additional 32,248 shares during the period. Finally, Sei Investments Co. increased its position in Texas Capital Bancshares by 8.5% during the 2nd quarter. Sei Investments Co. now owns 152,887 shares of the bank’s stock valued at $9,347,000 after purchasing an additional 12,041 shares during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Insider Activity

In other news, Director Robert W. Stallings bought 20,000 shares of the stock in a transaction on Tuesday, October 22nd. The shares were bought at an average price of $21.28 per share, with a total value of $425,600.00. Following the completion of the acquisition, the director now owns 84,587 shares in the company, valued at $1,800,011.36. The trade was a 30.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.99% of the stock is owned by corporate insiders.

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $87.10 on Friday. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 483.89, a P/E/G ratio of 0.84 and a beta of 1.14. The business’s fifty day simple moving average is $80.36 and its two-hundred day simple moving average is $69.14. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. 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 (NASDAQ:TCBI) last issued its earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.65. The business had revenue of $304.91 million during the quarter, compared to analyst estimates of $279.64 million. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. Research analysts anticipate that Texas Capital Bancshares, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TCBI shares. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. increased their target price on Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $74.00 price target on shares of Texas Capital Bancshares in a research report on Monday, September 9th. DA Davidson increased their price objective on Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Truist Financial raised their price objective on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, October 21st. 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 stock. According to MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average target price of $74.69.

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.