Jupiter Asset Management Ltd. Buys Shares of 103,330 Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Jupiter Asset Management Ltd. purchased a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 103,330 shares of the bank's stock, valued at approximately $8,080,000. Jupiter Asset Management Ltd. owned about 0.22% of Texas Capital Bancshares as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Texas Capital Bancshares by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank's stock worth $81,856,000 after purchasing an additional 13,022 shares during the period. Wellington Management Group LLP lifted its holdings in Texas Capital Bancshares by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank's stock worth $80,265,000 after buying an additional 150,301 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Texas Capital Bancshares by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 572,539 shares of the bank's stock worth $44,773,000 after buying an additional 1,700 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of Texas Capital Bancshares by 12.6% during the third quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank's stock valued at $33,372,000 after buying an additional 52,095 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Texas Capital Bancshares by 26.9% during the fourth quarter. Fisher Asset Management LLC now owns 339,716 shares of the bank's stock valued at $26,566,000 after acquiring an additional 72,109 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays upped their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $95.00 price objective (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Stephens dropped their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. reduced their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a research note on Friday, January 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $79.47.

Texas Capital Bancshares Stock Up 1.3 %

Texas Capital Bancshares stock traded up $0.97 during trading hours on Monday, hitting $75.62. The stock had a trading volume of 541,277 shares, compared to its average volume of 410,867. The stock's 50-day moving average price is $78.29 and its 200-day moving average price is $78.12. The stock has a market capitalization of $3.49 billion, a P/E ratio of 59.08, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 12-month low of $54.68 and a 12-month high of $91.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Insider Activity

In related news, Director Robert W. Stallings bought 5,670 shares of the company's stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of $27.60 per share, for a total transaction of $156,492.00. Following the completion of the acquisition, the director now owns 180,893 shares of the company's stock, valued at $4,992,646.80. This trade represents a 3.24 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 29,402 shares of company stock valued at $653,787 over the last ninety days. 1.72% of the stock is currently owned by corporate insiders.

About Texas Capital Bancshares

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.