Creative Planning Invests $440,000 in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Creative Planning acquired a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,164 shares of the bank’s stock, valued at approximately $440,000.

Other large investors have also modified their holdings of the company. Innealta Capital LLC acquired a new stake in Texas Capital Bancshares during the 2nd quarter worth approximately $26,000. CWM LLC increased its position in Texas Capital Bancshares by 40.8% during the 2nd quarter. CWM LLC now owns 949 shares of the bank’s stock worth $58,000 after purchasing an additional 275 shares in the last quarter. Headlands Technologies LLC increased its position in Texas Capital Bancshares by 80.4% during the 1st quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock worth $179,000 after purchasing an additional 1,297 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Texas Capital Bancshares during the 2nd quarter worth approximately $207,000. Finally, SG Americas Securities LLC increased its position in Texas Capital Bancshares by 40.4% during the 1st quarter. SG Americas Securities LLC now owns 3,932 shares of the bank’s stock worth $242,000 after purchasing an additional 1,131 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Performance

TCBI stock opened at $85.48 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 428.78, a PEG ratio of 0.72 and a beta of 1.12. Texas Capital Bancshares, Inc. has a 1 year low of $53.16 and a 1 year high of $86.00. The stock’s fifty day moving average is $72.62 and its two-hundred day moving average is $65.20.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TCBI. Piper Sandler downgraded shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $77.00 to $82.00 in a research report on Friday, October 18th. Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $74.00 target price on shares of Texas Capital Bancshares in a research report on Monday, September 9th. Citigroup reaffirmed a “sell” rating and issued a $60.00 price objective on shares of Texas Capital Bancshares in a research report on Monday, July 22nd. Finally, DA Davidson increased their price objective on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $74.00.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 20,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were bought at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the purchase, the director now owns 84,587 shares of the company’s stock, valued at $1,800,011.36. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.53% of the stock is currently owned by company insiders.

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.