Aigen Investment Management LP acquired a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,680 shares of the bank's stock, valued at approximately $288,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TCBI. Assetmark Inc. acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $32,000. Icon Wealth Advisors LLC acquired a new stake in Texas Capital Bancshares in the third quarter valued at $31,000. Venturi Wealth Management LLC purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth $37,000. R Squared Ltd acquired a new position in shares of Texas Capital Bancshares during the 4th quarter worth $41,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Texas Capital Bancshares during the 3rd quarter worth $71,000. Institutional investors and hedge funds own 96.88% of the company's stock.
Analyst Ratings Changes
A number of analysts recently commented on TCBI shares. JPMorgan Chase & Co. decreased their price objective on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. DA Davidson dropped their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Finally, Stephens decreased their target price 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. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $79.47.
Get Our Latest Report on Texas Capital Bancshares
Texas Capital Bancshares Trading Down 3.4 %
NASDAQ:TCBI traded down $2.52 on Monday, reaching $71.49. The stock had a trading volume of 287,801 shares, compared to its average volume of 407,509. Texas Capital Bancshares, Inc. has a 12-month low of $54.68 and a 12-month high of $91.80. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 55.87, a P/E/G ratio of 0.75 and a beta of 1.13. The firm's fifty day moving average is $78.84 and its two-hundred day moving average is $77.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00.
Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share 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%. Equities analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.
Insider Transactions at Texas Capital Bancshares
In related news, Director Robert W. Stallings purchased 7,000 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was purchased at an average price of $21.10 per share, for a total transaction of $147,700.00. Following the acquisition, the director now directly owns 202,413 shares in the company, valued at $4,270,914.30. The trade was a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 29,402 shares of company stock valued at $653,787 over the last 90 days. Corporate insiders own 0.99% of the company's stock.
About Texas Capital Bancshares
(
Free Report)
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.
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