Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Fmr LLC

Fmr LLC lifted its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 28.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,167 shares of the bank’s stock after acquiring an additional 935 shares during the period. Fmr LLC’s holdings in Texas Capital Bancshares were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TCBI. AlphaMark Advisors LLC raised its stake in Texas Capital Bancshares by 2.6% during the third quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock worth $386,000 after purchasing an additional 139 shares during the period. Blue Trust Inc. increased its holdings in shares of Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after buying an additional 169 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Texas Capital Bancshares by 3.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock valued at $383,000 after buying an additional 180 shares during the period. Tectonic Advisors LLC lifted its holdings in Texas Capital Bancshares by 1.1% in the third quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock valued at $1,631,000 after acquiring an additional 244 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Texas Capital Bancshares by 1.2% in the third quarter. Bank of Montreal Can now owns 30,900 shares of the bank’s stock valued at $2,178,000 after acquiring an additional 373 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TCBI. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $74.00 target price on shares of Texas Capital Bancshares in a research report on Monday, September 9th. Wedbush restated a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. JPMorgan Chase & Co. increased their target price on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. Bank of America raised shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and boosted their price target for the company from $51.00 to $77.00 in a research note on Monday, September 9th. Finally, Hovde Group increased their price objective on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $74.69.

Texas Capital Bancshares Trading Down 0.0 %

TCBI opened at $76.77 on Friday. The business has a fifty day moving average price of $83.08 and a 200 day moving average price of $70.93. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 426.50, a PEG ratio of 0.80 and a beta of 1.14.

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

Insider Buying and Selling

In other news, Director Robert W. Stallings acquired 20,000 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were bought at an average cost 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 approximately $1,800,011.36. This trade represents a 30.97 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.53% of the stock is owned by insiders.

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.