Jefferies Financial Group Inc. bought a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 9,104 shares of the bank’s stock, valued at approximately $824,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. MQS Management LLC acquired a new position in shares of Texas Capital Bancshares during the 4th quarter valued at $361,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Texas Capital Bancshares by 22.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,315 shares of the bank’s stock valued at $119,000 after acquiring an additional 242 shares in the last quarter. Legato Capital Management LLC acquired a new position in shares of Texas Capital Bancshares during the 4th quarter valued at $553,000. Global Retirement Partners LLC lifted its holdings in shares of Texas Capital Bancshares by 5,428.9% during the 4th quarter. Global Retirement Partners LLC now owns 2,488 shares of the bank’s stock valued at $225,000 after acquiring an additional 2,443 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Texas Capital Bancshares by 2.8% during the 4th quarter. Handelsbanken Fonder AB now owns 11,123 shares of the bank’s stock valued at $1,007,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on TCBI shares. Piper Sandler lifted their target price on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Citigroup lifted their price target on shares of Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada lifted their price target on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Zacks Research downgraded shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus target price of $104.09.
Insider Activity
In related news, Director Paola M. Arbour bought 1,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of $91.50 per share, with a total value of $91,500.00. Following the transaction, the director owned 6,671 shares of the company’s stock, valued at approximately $610,396.50. This trade represents a 17.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert W. Stallings bought 5,500 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $22.80 per share, with a total value of $125,400.00. Following the transaction, the director directly owned 175,087 shares in the company, valued at approximately $3,991,983.60. The trade was a 3.24% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 26,500 shares of company stock valued at $670,700 in the last three months. Insiders own 1.91% of the company’s stock.
Texas Capital Bancshares Stock Performance
Texas Capital Bancshares stock opened at $99.49 on Friday. Texas Capital Bancshares, Inc. has a 12-month low of $70.11 and a 12-month high of $108.92. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 1.42 and a beta of 0.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s fifty day moving average price is $98.70 and its 200 day moving average price is $96.45.
Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report) last released its quarterly earnings results 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 net margin of 17.71% and a return on equity of 10.76%. The firm had revenue of $323.99 million for the quarter, compared to the consensus estimate of $318.10 million. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. On average, research analysts forecast that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current fiscal year.
Texas Capital Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.8%.
Texas Capital Bancshares Profile
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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