Proficio Capital Partners LLC Invests $1.69 Million in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Proficio Capital Partners LLC acquired a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 21,583 shares of the bank’s stock, valued at approximately $1,688,000.

A number of other large investors also recently bought and sold shares of TCBI. Algert Global LLC increased its stake in Texas Capital Bancshares by 367.3% during the third quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock worth $1,595,000 after purchasing an additional 17,540 shares during the period. Jane Street Group LLC raised its holdings in Texas Capital Bancshares by 107.2% in the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock valued at $9,481,000 after acquiring an additional 68,632 shares in the last quarter. LMR Partners LLP acquired a new position in Texas Capital Bancshares during the 3rd quarter worth approximately $740,000. US Bancorp DE boosted its position in shares of Texas Capital Bancshares by 1,575.0% during the 4th quarter. US Bancorp DE now owns 10,519 shares of the bank’s stock worth $823,000 after acquiring an additional 9,891 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Texas Capital Bancshares by 37.5% during the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank’s stock worth $7,538,000 after buying an additional 26,294 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert W. Stallings purchased 7,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $20.43 per share, with a total value of $143,010.00. Following the completion of the purchase, the director now directly owns 49,500 shares in the company, valued at approximately $1,011,285. This trade represents a 16.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders bought 29,402 shares of company stock valued at $653,787. Company insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Stock Up 1.1 %

Shares of NASDAQ:TCBI opened at $76.22 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $3.52 billion, a P/E ratio of 59.55, a P/E/G ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80. The stock’s fifty day simple moving average is $78.22 and its 200-day simple moving average is $78.23.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping 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%. As a group, equities research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TCBI has been the subject of several research analyst reports. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Hovde Group reduced their target price on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating for the company in a report on Friday, March 7th. Stephens dropped 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 research note on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Finally, Barclays upped their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.47.

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.