Bleakley Financial Group LLC Purchases Shares of 2,739 Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Bleakley Financial Group LLC acquired a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,739 shares of the bank’s stock, valued at approximately $214,000.

A number of other large investors have also recently made changes to their positions in TCBI. Algert Global LLC lifted its position in Texas Capital Bancshares by 367.3% during the 3rd quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock worth $1,595,000 after acquiring an additional 17,540 shares during the period. Jane Street Group LLC raised its stake in shares of Texas Capital Bancshares by 107.2% in the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after purchasing an additional 68,632 shares during the last quarter. LMR Partners LLP acquired a new stake in shares of Texas Capital Bancshares during the third quarter worth about $740,000. Wolverine Asset Management LLC boosted its position in Texas Capital Bancshares by 23.6% in the third quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank’s stock valued at $2,933,000 after buying an additional 7,849 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Texas Capital Bancshares by 19.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank’s stock worth $4,045,000 after buying an additional 9,225 shares during the period. 96.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 5,670 shares of Texas Capital Bancshares stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of $27.60 per share, for a total transaction of $156,492.00. Following the completion of the transaction, the director now directly owns 180,893 shares of the company’s stock, valued at approximately $4,992,646.80. This represents a 3.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought a total of 22,402 shares of company stock worth $510,777 over the last quarter. 0.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TCBI has been the topic of several recent research reports. Barclays upped their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Wedbush restated a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. JPMorgan Chase & Co. reduced their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada boosted their price target on Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Finally, StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Three investment 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $79.13.

Texas Capital Bancshares Stock Performance

TCBI opened at $82.01 on Thursday. The firm’s fifty day simple moving average is $79.90 and its two-hundred day simple moving average is $75.73. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 64.07, a PEG ratio of 0.78 and a beta of 1.16. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.8 earnings per share 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.