Commerce Bank Takes Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Commerce Bank purchased a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,192 shares of the bank's stock, valued at approximately $328,000.

Several other large investors also recently added to or reduced their stakes in TCBI. Picton Mahoney Asset Management purchased a new position in shares of Texas Capital Bancshares during the 4th quarter worth about $30,000. Assetmark Inc. bought a new stake in Texas Capital Bancshares during the 4th quarter valued at $32,000. Venturi Wealth Management LLC purchased a new stake in shares of Texas Capital Bancshares in the 4th quarter worth $37,000. R Squared Ltd bought a new position in shares of Texas Capital Bancshares during the 4th quarter worth $41,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Texas Capital Bancshares during the fourth quarter valued at $115,000. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Stock Performance

TCBI stock traded up $0.65 during trading on Monday, reaching $68.54. The company had a trading volume of 457,187 shares, compared to its average volume of 446,781. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 53.55, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $91.80. 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 firm has a 50-day simple moving average of $71.75 and a 200-day simple moving average of $77.89.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The company had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. As a group, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 7,000 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was acquired at an average cost of $21.32 per share, for a total transaction of $149,240.00. Following the purchase, the director now owns 215,413 shares in the company, valued at approximately $4,592,605.16. The trade was a 3.36 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have bought 26,726 shares of company stock worth $778,504. 1.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Barclays cut their target price on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. DA Davidson reduced their price objective on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Hovde Group lowered their target price on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Raymond James cut their price target on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Finally, Stephens decreased their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Texas Capital Bancshares has an average rating of "Hold" and a consensus price target of $76.64.

About Texas Capital Bancshares

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.