Granahan Investment Management LLC raised its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Free Report) by 5.1% in the 4th quarter, Holdings Channel reports. The fund owned 178,369 shares of the bank’s stock after purchasing an additional 8,579 shares during the period. Granahan Investment Management LLC’s holdings in Texas Capital Bancshares were worth $16,150,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Danske Bank A S acquired a new stake in Texas Capital Bancshares in the third quarter valued at approximately $25,000. Farther Finance Advisors LLC grew its position in Texas Capital Bancshares by 1,381.8% in the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after acquiring an additional 304 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Texas Capital Bancshares in the third quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Texas Capital Bancshares by 169.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after acquiring an additional 246 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Texas Capital Bancshares in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 96.88% of the company’s stock.
Insider Buying and Selling at Texas Capital Bancshares
In related news, insider Anna M. Alvarado sold 3,500 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $100.95, for a total transaction of $353,325.00. Following the transaction, the insider directly owned 23,810 shares in the company, valued at $2,403,619.50. This trade represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rob C. Holmes sold 49,500 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $101.22, for a total value of $5,010,390.00. Following the transaction, the chief executive officer owned 167,635 shares in the company, valued at $16,968,014.70. This trade represents a 22.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 102,100 shares of company stock worth $10,366,023 over the last 90 days. 1.91% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on TCBI
Texas Capital Bancshares Stock Up 0.4%
TCBI stock opened at $101.10 on Wednesday. Texas Capital Bancshares, Inc. has a twelve month low of $73.61 and a twelve month high of $108.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $4.42 billion, a P/E ratio of 13.59, a PEG ratio of 1.43 and a beta of 0.67. The firm has a 50 day simple moving average of $100.22 and a 200-day simple moving average of $97.70.
Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The firm had revenue of $323.99 million for the quarter, compared to analysts’ expectations of $318.10 million. During the same period last year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts predict that Texas Capital Bancshares, Inc. will post 7.63 earnings per share for the current fiscal year.
Texas Capital Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio (DPR) is 10.75%.
About Texas Capital Bancshares
Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.
In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.
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Want to see what other hedge funds are holding TCBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Free Report).
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