BNP Paribas Financial Markets Raises Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

BNP Paribas Financial Markets boosted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 141.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,321 shares of the bank's stock after purchasing an additional 13,074 shares during the quarter. BNP Paribas Financial Markets' holdings in Texas Capital Bancshares were worth $1,595,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Texas Capital Bancshares by 87.0% in the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank's stock worth $65,219,000 after buying an additional 506,094 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Texas Capital Bancshares by 146.7% during the 2nd quarter. Millennium Management LLC now owns 372,370 shares of the bank's stock worth $22,767,000 after acquiring an additional 221,454 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new position in shares of Texas Capital Bancshares during the 2nd quarter valued at approximately $11,489,000. American Century Companies Inc. boosted its position in shares of Texas Capital Bancshares by 43.8% during the 2nd quarter. American Century Companies Inc. now owns 562,507 shares of the bank's stock valued at $34,392,000 after acquiring an additional 171,263 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Texas Capital Bancshares by 1,905.7% in the second quarter. SG Americas Securities LLC now owns 78,864 shares of the bank's stock valued at $4,822,000 after purchasing an additional 74,932 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TCBI shares. Royal Bank of Canada increased their price objective on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the company a "sector perform" rating in a research report on Friday, October 18th. Piper Sandler downgraded shares of Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and increased their price target for the company from $77.00 to $82.00 in a report on Friday, October 18th. Wedbush reissued a "sector perform" rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Truist Financial upped their price objective on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a "hold" rating in a research report on Monday, October 21st. Finally, Barclays boosted their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an "underweight" rating in a research report on Thursday. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Texas Capital Bancshares currently has an average rating of "Hold" and an average target price of $74.69.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 20,000 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was purchased 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. This trade represents a 30.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.53% of the company's stock.

Texas Capital Bancshares Trading Down 2.6 %

Texas Capital Bancshares stock traded down $2.27 during trading hours on Monday, hitting $85.44. The company had a trading volume of 245,119 shares, compared to its average volume of 426,531. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $3.95 billion, a P/E ratio of 487.28, a P/E/G ratio of 0.83 and a beta of 1.14. The company has a 50-day moving average price of $81.03 and a two-hundred day moving average price of $69.57. Texas Capital Bancshares, Inc. has a 1 year low of $54.68 and a 1 year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced 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. The firm had revenue of $304.91 million during the quarter, compared to analyst estimates of $279.64 million. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. On average, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 4.15 earnings per share for the current year.

Texas Capital Bancshares Company 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.