Nisa Investment Advisors LLC Raises Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Nisa Investment Advisors LLC lifted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,948 shares of the bank’s stock after purchasing an additional 450 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Texas Capital Bancshares were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TCBI. Geode Capital Management LLC raised its position in Texas Capital Bancshares by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock worth $81,856,000 after buying an additional 13,022 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Texas Capital Bancshares by 15.4% during the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock valued at $80,265,000 after purchasing an additional 150,301 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Texas Capital Bancshares by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock valued at $40,792,000 after purchasing an additional 10,171 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in Texas Capital Bancshares by 12.6% in the third quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank’s stock worth $33,372,000 after purchasing an additional 52,095 shares during the last quarter. Finally, Millennium Management LLC grew its position in Texas Capital Bancshares by 146.7% in the 2nd quarter. Millennium Management LLC now owns 372,370 shares of the bank’s stock worth $22,767,000 after purchasing an additional 221,454 shares during the period. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Trading Down 1.1 %

Shares of TCBI opened at $77.83 on Wednesday. The firm has a market cap of $3.60 billion, a P/E ratio of 432.39, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. 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 1 year low of $54.68 and a 1 year high of $91.80. The company has a 50 day simple moving average of $81.45 and a two-hundred day simple moving average of $74.73.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. On average, equities analysts expect that Texas Capital Bancshares, Inc. will post 4.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TCBI has been the topic of a number of research reports. StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Piper Sandler cut Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $77.00 to $82.00 in a research report on Friday, October 18th. Royal Bank of Canada increased their price objective on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Hovde Group boosted their target price on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $77.73.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,670 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of $27.60 per share, with a total value of $156,492.00. Following the completion of the purchase, the director now directly owns 180,893 shares in the company, valued at $4,992,646.80. This trade represents a 3.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.99% of the company’s stock.

Texas Capital Bancshares Company 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.