AlphaQuest LLC Increases Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

AlphaQuest LLC increased its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 1,022.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,449 shares of the bank's stock after buying an additional 22,271 shares during the quarter. AlphaQuest LLC owned 0.05% of Texas Capital Bancshares worth $1,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Icon Wealth Advisors LLC bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth $31,000. Assetmark Inc. purchased a new position in Texas Capital Bancshares during the fourth quarter worth about $32,000. Venturi Wealth Management LLC purchased a new position in Texas Capital Bancshares during the fourth quarter worth about $37,000. R Squared Ltd bought a new stake in Texas Capital Bancshares in the 4th quarter worth about $41,000. Finally, Meeder Asset Management Inc. purchased a new stake in Texas Capital Bancshares in the 3rd quarter valued at about $71,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert W. Stallings acquired 2,006 shares of the business's stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the completion of the transaction, the director now owns 182,899 shares of the company's stock, valued at $3,839,050.01. The trade was a 1.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 29,402 shares of company stock worth $653,787 over the last ninety days. Company insiders own 0.99% of the company's stock.

Texas Capital Bancshares Trading Up 0.4 %

Shares of TCBI stock opened at $74.01 on Friday. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 57.82, a PEG ratio of 0.75 and a beta of 1.13. The company's fifty day simple moving average is $78.84 and its two-hundred day simple moving average is $77.81. Texas Capital Bancshares, Inc. has a 1 year low of $54.68 and a 1 year high of $91.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00.

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Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share 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%. As a group, analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TCBI shares. Barclays boosted their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a research note on Thursday, December 5th. DA Davidson cut their price objective 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. Hovde Group decreased their target price on Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating for the company in a research report on Friday. JPMorgan Chase & Co. cut their price target 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. Finally, Stephens reduced their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $79.47.

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.

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