Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 326.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,103 shares of the bank’s stock after purchasing an additional 53,669 shares during the quarter. Victory Capital Management Inc. owned about 0.15% of Texas Capital Bancshares worth $5,010,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. AlphaMark Advisors LLC boosted its holdings in shares of Texas Capital Bancshares by 2.6% in the third quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock valued at $386,000 after acquiring an additional 139 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after acquiring an additional 169 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Texas Capital Bancshares by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock valued at $383,000 after acquiring an additional 180 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in shares of Texas Capital Bancshares by 1.1% in the third quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock valued at $1,631,000 after acquiring an additional 244 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in shares of Texas Capital Bancshares by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 13,540 shares of the bank’s stock valued at $828,000 after acquiring an additional 257 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Robert W. Stallings purchased 20,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were bought at an average price of $21.28 per share, with a total value of $425,600.00. Following the completion of the purchase, the director now directly owns 84,587 shares in the company, valued at approximately $1,800,011.36. This trade represents a 30.97 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.99% of the company’s stock.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $87.73 on Friday. The firm has a 50 day simple moving average of $77.60 and a 200-day simple moving average of $67.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $4.05 billion, a PE ratio of 487.39, a P/E/G ratio of 0.82 and a beta of 1.12. Texas Capital Bancshares, Inc. has a 1-year low of $53.69 and a 1-year high of $91.29.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.65. The business had revenue of $304.91 million during the quarter, compared to analyst estimates of $279.64 million. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. On average, equities analysts expect that Texas Capital Bancshares, Inc. will post 4.15 EPS for the current year.

Wall Street Analysts Forecast Growth

TCBI has been the topic of several analyst reports. DA Davidson lifted their target price on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Bank of America raised shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $77.00 in a report on Monday, September 9th. Royal Bank of Canada boosted their price objective on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $74.00 price objective on shares of Texas Capital Bancshares in a report on Monday, September 9th. Finally, Truist Financial boosted their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Four 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.00.

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.