Healthcare of Ontario Pension Plan Trust Fund Invests $18.39 Million in Texas Capital Bancshares, Inc. $TCBI

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBIFree Report) during the 1st quarter, Holdings Channel reports. The fund acquired 193,836 shares of the bank’s stock, valued at approximately $18,391,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gabelli Funds LLC lifted its stake in shares of Texas Capital Bancshares by 15.6% in the first quarter. Gabelli Funds LLC now owns 15,600 shares of the bank’s stock worth $1,480,000 after buying an additional 2,100 shares in the last quarter. Inceptionr LLC bought a new stake in shares of Texas Capital Bancshares during the first quarter valued at approximately $379,000. Sei Investments Co. increased its position in shares of Texas Capital Bancshares by 64.9% during the first quarter. Sei Investments Co. now owns 222,565 shares of the bank’s stock valued at $21,117,000 after acquiring an additional 87,617 shares in the last quarter. First Trust Advisors LP raised its holdings in Texas Capital Bancshares by 151.0% in the 1st quarter. First Trust Advisors LP now owns 71,580 shares of the bank’s stock worth $6,792,000 after acquiring an additional 43,065 shares during the last quarter. Finally, Westpac Banking Corp purchased a new position in Texas Capital Bancshares in the 1st quarter worth approximately $58,000. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Trading Down 0.9%

NASDAQ:TCBI opened at $98.40 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. Texas Capital Bancshares, Inc. has a 12 month low of $75.41 and a 12 month high of $108.92. The company has a market cap of $4.28 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.46 and a beta of 0.67. The company has a 50 day simple moving average of $101.34 and a two-hundred day simple moving average of $99.57.

Texas Capital Bancshares (NASDAQ:TCBIGet Free Report) last announced its earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. The business had revenue of $335.50 million during the quarter, compared to analyst estimates of $333.37 million. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 EPS. Research analysts forecast that Texas Capital Bancshares, Inc. will post 7.41 earnings per share for the current year.

Texas Capital Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. Texas Capital Bancshares’s payout ratio is presently 10.40%.

Analyst Ratings Changes

TCBI has been the topic of several recent analyst reports. Stephens cut their target price on Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating on the stock in a research note on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Texas Capital Bancshares in a research note on Monday, July 6th. JPMorgan Chase & Co. upped their price target on Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, July 1st. Wall Street Zen cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Piper Sandler lifted their price objective on Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Texas Capital Bancshares has an average rating of “Hold” and an average target price of $105.83.

View Our Latest Analysis on Texas Capital Bancshares

Insiders Place Their Bets

In other Texas Capital Bancshares news, CEO Rob C. Holmes sold 49,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $16,968,014.70. This represents a 22.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anna M. Alvarado sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $100.95, for a total value of $353,325.00. Following the completion of the transaction, the insider directly owned 23,810 shares in the company, valued at $2,403,619.50. The trade was a 12.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 102,100 shares of company stock valued at $10,366,023. 1.91% of the stock is owned by company insiders.

Texas Capital Bancshares Profile

(Free Report)

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.

See Also

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:TCBIFree Report).

Institutional Ownership by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

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