Algert Global LLC Grows Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Algert Global LLC raised its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 367.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,316 shares of the bank's stock after purchasing an additional 17,540 shares during the period. Algert Global LLC's holdings in Texas Capital Bancshares were worth $1,595,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TCBI. AQR Capital Management LLC lifted its stake in Texas Capital Bancshares by 87.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank's stock valued at $65,219,000 after buying an additional 506,094 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Texas Capital Bancshares by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank's stock valued at $40,792,000 after acquiring an additional 10,171 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Texas Capital Bancshares by 43.8% in the second quarter. American Century Companies Inc. now owns 562,507 shares of the bank's stock worth $34,392,000 after acquiring an additional 171,263 shares during the last quarter. Segall Bryant & Hamill LLC increased its position 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 worth $33,372,000 after purchasing an additional 52,095 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in Texas Capital Bancshares by 11.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 381,462 shares of the bank's stock valued at $23,323,000 after purchasing an additional 38,393 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Down 0.0 %

Shares of NASDAQ:TCBI traded down $0.02 during trading on Thursday, hitting $89.22. The company's stock had a trading volume of 236,189 shares, compared to its average volume of 431,733. The company has a market capitalization of $4.12 billion, a PE ratio of 495.67, a P/E/G ratio of 0.85 and a beta of 1.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares, Inc. has a fifty-two week low of $53.69 and a fifty-two week high of $91.80. The business has a 50 day moving average price of $78.32 and a two-hundred day moving average price of $68.06.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.65. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. The company had revenue of $304.91 million for the quarter, compared to analyst estimates of $279.64 million. As a group, research analysts expect that Texas Capital Bancshares, Inc. will post 4.15 EPS for the current fiscal year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 20,000 shares of the business's stock in a transaction dated Tuesday, October 22nd. The shares were acquired at an average price of $21.28 per share, with a total value of $425,600.00. Following the transaction, the director now owns 84,587 shares of the company's stock, valued at approximately $1,800,011.36. The trade was a 30.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.99% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TCBI shares. JPMorgan Chase & Co. boosted their price objective on Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an "underweight" rating in a research note on Friday, October 18th. Piper Sandler lowered shares of Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $77.00 to $82.00 in a report on Friday, October 18th. Royal Bank of Canada raised their price target on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th. StockNews.com raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, DA Davidson raised their target price on Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $74.00.

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.