Venturi Wealth Management LLC Acquires New Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Venturi Wealth Management LLC purchased a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 470 shares of the bank’s stock, valued at approximately $37,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. grew its position in shares of Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after buying an additional 169 shares during the last quarter. Icon Wealth Advisors LLC purchased a new position in shares of Texas Capital Bancshares in the third quarter worth $31,000. R Squared Ltd purchased a new position in shares of Texas Capital Bancshares in the fourth quarter worth $41,000. Meeder Asset Management Inc. purchased a new position in shares of Texas Capital Bancshares in the third quarter worth $71,000. Finally, KBC Group NV raised its stake in shares of Texas Capital Bancshares by 64.2% in the fourth 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. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Trading Up 0.3 %

TCBI opened at $78.91 on Wednesday. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 61.65, a P/E/G ratio of 0.75 and a beta of 1.16. The stock’s 50 day moving average price is $79.04 and its 200-day moving average price is $77.04. 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.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on TCBI shares. Barclays lifted their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. dropped their price objective on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Stephens dropped their price objective 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. DA Davidson decreased their target price on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Three investment 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. According to data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $79.13.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 5,670 shares of the company’s stock in a transaction 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 transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have purchased 22,402 shares of company stock valued at $510,777. 1.53% of the stock is currently owned by corporate insiders.

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.