Yousif Capital Management LLC Lowers Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Yousif Capital Management LLC reduced its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,184 shares of the bank’s stock after selling 720 shares during the period. Yousif Capital Management LLC’s holdings in Texas Capital Bancshares were worth $1,266,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TCBI. Hodges Capital Management Inc. boosted its holdings in Texas Capital Bancshares by 32.5% in the fourth quarter. Hodges Capital Management Inc. now owns 252,973 shares of the bank’s stock valued at $19,782,000 after acquiring an additional 62,030 shares during the last quarter. SYM FINANCIAL Corp acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at about $204,000. R Squared Ltd purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $41,000. KBC Group NV increased its position in Texas Capital Bancshares by 64.2% during the 4th quarter. KBC Group NV now owns 2,172 shares of the bank’s stock worth $170,000 after purchasing an additional 849 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Texas Capital Bancshares by 5.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank’s stock worth $700,000 after purchasing an additional 450 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Up 0.4 %

TCBI stock opened at $82.36 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $79.81 and a 200-day simple moving average of $75.78. The company has a market capitalization of $3.81 billion, a P/E ratio of 64.34, a PEG ratio of 0.78 and a beta of 1.16. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert W. Stallings purchased 7,000 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average cost of $21.32 per share, with a total value of $149,240.00. Following the transaction, the director now owns 215,413 shares in the company, valued at approximately $4,592,605.16. The trade was a 3.36 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders bought 22,402 shares of company stock worth $510,777. Corporate insiders own 0.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Stephens decreased their price objective on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Hovde Group upped their price target 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. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $95.00 price objective (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Truist Financial boosted their price objective on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $79.13.

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.