Empowered Funds LLC Purchases New Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Empowered Funds LLC bought a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,677 shares of the bank’s stock, valued at approximately $288,000.

A number of other institutional investors also recently modified their holdings of TCBI. Blue Trust Inc. raised its holdings in shares of Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after purchasing an additional 169 shares in the last quarter. Icon Wealth Advisors LLC bought a new position in shares of Texas Capital Bancshares during the 3rd quarter worth about $31,000. R Squared Ltd acquired a new position in shares of Texas Capital Bancshares in the 4th quarter worth approximately $41,000. Meeder Asset Management Inc. bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth about $71,000. Finally, CWM LLC increased its position in shares of Texas Capital Bancshares by 69.8% during the 3rd quarter. CWM LLC now owns 1,611 shares of the bank’s stock worth $115,000 after purchasing an additional 662 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of TCBI stock opened at $81.06 on Friday. The firm’s 50 day moving average price is $79.34 and its two-hundred day moving average price is $76.37. The stock has a market cap of $3.73 billion, a PE ratio of 63.33, a PEG ratio of 0.76 and a beta of 1.16. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week 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.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data 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 return on equity of 9.14% and a net margin of 3.99%. As a group, analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TCBI. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Barclays increased 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. DA Davidson dropped their price target on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. reduced their price objective on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Finally, Stephens lowered their target price on 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. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.13.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 5,670 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of $27.60 per share, with a total value of $156,492.00. Following the purchase, the director now directly owns 180,893 shares of the company’s stock, valued at $4,992,646.80. The trade was a 3.24 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders purchased 22,402 shares of company stock worth $510,777. 0.99% of the stock is currently owned by company insiders.

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.