Capula Management Ltd Takes $325,000 Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Capula Management Ltd bought a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,151 shares of the bank's stock, valued at approximately $325,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jane Street Group LLC raised its holdings in Texas Capital Bancshares by 107.2% in the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank's stock valued at $9,481,000 after acquiring an additional 68,632 shares in the last quarter. US Bancorp DE increased its position in shares of Texas Capital Bancshares by 1,575.0% in the fourth quarter. US Bancorp DE now owns 10,519 shares of the bank's stock worth $823,000 after purchasing an additional 9,891 shares during the period. Victory Capital Management Inc. raised its stake in Texas Capital Bancshares by 37.5% in the fourth quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock valued at $7,538,000 after purchasing an additional 26,294 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Texas Capital Bancshares by 19.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank's stock worth $4,045,000 after purchasing an additional 9,225 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in Texas Capital Bancshares by 141.4% during the third quarter. BNP Paribas Financial Markets now owns 22,321 shares of the bank's stock worth $1,595,000 after buying an additional 13,074 shares in the last quarter. Institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Stock Performance

Shares of Texas Capital Bancshares stock traded up $0.77 during trading hours on Friday, reaching $62.01. 824,814 shares of the stock traded hands, compared to its average volume of 439,891. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 48.45, a P/E/G ratio of 0.75 and a beta of 0.74. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $75.06 and a 200 day moving average price of $78.31.

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

Analyst Ratings Changes

A number of research firms have issued reports on TCBI. DA Davidson decreased their target price on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $95.00 price objective (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Hovde Group cut their target price on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating on the stock in a research report on Friday, March 7th. Barclays lowered their price target on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Finally, Stephens cut their price objective on Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $80.36.

Insider Buying and Selling

In related news, Director Robert W. Stallings bought 7,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the acquisition, the director now owns 49,500 shares in the company, valued at $1,011,285. This trade represents a 16.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have bought 29,402 shares of company stock worth $653,787. Corporate insiders own 1.72% of the company's stock.

Texas Capital Bancshares Profile

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.