Aristotle Capital Boston LLC decreased its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Free Report) by 9.4% during the fourth quarter, HoldingsChannel reports. The firm owned 138,087 shares of the bank’s stock after selling 14,269 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Texas Capital Bancshares were worth $12,502,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of Texas Capital Bancshares by 9.8% during the 4th quarter. GAMMA Investing LLC now owns 1,463 shares of the bank’s stock valued at $132,000 after purchasing an additional 131 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Texas Capital Bancshares by 2.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,079 shares of the bank’s stock valued at $550,000 after purchasing an additional 135 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Texas Capital Bancshares by 4.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock valued at $310,000 after purchasing an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 242 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Texas Capital Bancshares by 169.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after purchasing an additional 246 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.
Texas Capital Bancshares Stock Down 1.8%
Shares of Texas Capital Bancshares stock opened at $99.31 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $4.34 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. Texas Capital Bancshares, Inc. has a 52-week low of $73.61 and a 52-week high of $108.92. The company has a 50-day simple moving average of $100.26 and a two-hundred day simple moving average of $97.76.
Texas Capital Bancshares Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 0.8%. Texas Capital Bancshares’s payout ratio is 10.75%.
Insider Activity
In other Texas Capital Bancshares news, CEO Rob C. Holmes sold 49,500 shares of Texas Capital Bancshares stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $101.22, for a total value of $5,010,390.00. Following the completion of the transaction, the chief executive officer directly owned 167,635 shares of the company’s stock, valued at approximately $16,968,014.70. The trade was a 22.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anna M. Alvarado sold 3,500 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $100.95, for a total transaction of $353,325.00. Following the completion of the transaction, the insider directly owned 23,810 shares of the company’s stock, valued at $2,403,619.50. This trade represents a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 102,100 shares of company stock valued at $10,366,023 over the last ninety days. Corporate insiders own 1.91% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. 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. Citigroup boosted their price objective 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. Zacks Research lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Royal Bank Of Canada boosted their price objective 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $104.09.
Get Our Latest Analysis on Texas Capital Bancshares
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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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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