Capital Fund Management S.A. Acquires Shares of 19,139 Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Capital Fund Management S.A. bought a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,139 shares of the bank's stock, valued at approximately $1,497,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Texas Capital Bancshares during the fourth quarter valued at approximately $42,050,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Texas Capital Bancshares by 22.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank's stock valued at $58,246,000 after purchasing an additional 138,734 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Texas Capital Bancshares by 75.5% during the fourth quarter. JPMorgan Chase & Co. now owns 317,292 shares of the bank's stock valued at $24,812,000 after buying an additional 136,507 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter worth $8,080,000. Finally, Prudential Financial Inc. grew its position in Texas Capital Bancshares by 104.5% during the 4th quarter. Prudential Financial Inc. now owns 155,135 shares of the bank's stock worth $12,132,000 after purchasing an additional 79,290 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. JPMorgan Chase & Co. decreased 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 research note on Friday, January 24th. Stephens dropped their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Finally, Hovde Group lowered their target price on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating for the company in a research note on Friday, March 7th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $80.36.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 5,670 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of $27.60 per share, with a total value of $156,492.00. Following the purchase, the director now owns 180,893 shares in the company, valued at $4,992,646.80. This trade represents a 3.24 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 29,402 shares of company stock worth $653,787 in the last ninety days. 1.72% of the stock is currently owned by insiders.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBI traded up $0.88 during trading hours on Friday, hitting $66.03. The stock had a trading volume of 885,154 shares, compared to its average volume of 444,334. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 51.59, a PEG ratio of 0.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The stock's fifty day simple moving average is $73.26 and its 200 day simple moving average is $78.01. Texas Capital Bancshares, Inc. has a 1-year low of $55.46 and a 1-year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The business had revenue of $280.48 million during the quarter, compared to analyst estimates of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal 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.