Cibc World Markets Corp bought a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,339 shares of the bank's stock, valued at approximately $339,000.
Other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter worth approximately $30,000. Icon Wealth Advisors LLC purchased a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth about $31,000. Assetmark Inc. purchased a new position in Texas Capital Bancshares during the 4th quarter valued at about $32,000. Venturi Wealth Management LLC acquired a new position in Texas Capital Bancshares during the fourth quarter worth about $37,000. Finally, R Squared Ltd acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 96.88% of the company's stock.
Texas Capital Bancshares Stock Down 2.0 %
Shares of NASDAQ:TCBI traded down $1.52 during trading on Friday, hitting $73.79. The company's stock had a trading volume of 432,734 shares, compared to its average volume of 427,403. 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 50-day moving average price is $78.20 and its two-hundred day moving average price is $78.56. The company has a market capitalization of $3.40 billion, a PE ratio of 57.65, a PEG ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a fifty-two week low of $54.68 and a fifty-two week high of $91.80.
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 net margin of 3.99% and a return on equity of 9.14%. As a group, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.
Insider Buying and Selling at Texas Capital Bancshares
In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 2,006 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost of $20.99 per share, with a total value of $42,105.94. Following the acquisition, the director now owns 182,899 shares of the company's stock, valued at approximately $3,839,050.01. This represents a 1.11 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders have bought 29,402 shares of company stock worth $653,787 over the last quarter. 1.72% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods restated an "outperform" rating and set a $95.00 price objective (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Barclays increased their price target 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 dropped their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $79.47.
Get Our Latest Stock Report on TCBI
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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