US Bancorp DE Raises Stock Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

US Bancorp DE boosted its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1,575.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,519 shares of the bank’s stock after acquiring an additional 9,891 shares during the period. US Bancorp DE’s holdings in Texas Capital Bancshares were worth $823,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Icon Wealth Advisors LLC purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at $31,000. Venturi Wealth Management LLC acquired a new stake in Texas Capital Bancshares in the fourth quarter worth about $37,000. R Squared Ltd acquired a new position in shares of Texas Capital Bancshares during the fourth quarter valued at about $41,000. Meeder Asset Management Inc. acquired a new stake in Texas Capital Bancshares in the 3rd quarter worth approximately $71,000. Finally, KBC Group NV grew 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 during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 2,006 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were acquired at an average cost of $20.99 per share, with a total value of $42,105.94. Following the completion of the acquisition, the director now directly owns 182,899 shares in the company, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have acquired 29,402 shares of company stock valued at $653,787. Company insiders own 0.99% of the company’s stock.

Texas Capital Bancshares Stock Down 3.0 %

TCBI stock opened at $71.76 on Tuesday. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s fifty day moving average is $78.72 and its 200 day moving average is $77.97. The firm has a market cap of $3.30 billion, a PE ratio of 56.06, a P/E/G ratio of 0.75 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TCBI shares. Hovde Group lowered their price objective on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating for the company in a research note on Friday. Barclays lifted their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. 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 report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Finally, Stephens cut their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $79.47.

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.