Dark Forest Capital Management LP Takes $523,000 Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Dark Forest Capital Management LP bought a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,692 shares of the bank's stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC lifted its position in Texas Capital Bancshares by 19.6% in the third quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after purchasing an additional 17,863 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Texas Capital Bancshares in the third quarter worth $310,000. Cim Investment Management Inc. bought a new stake in Texas Capital Bancshares during the 3rd quarter valued at $212,000. Moody National Bank Trust Division boosted its position in Texas Capital Bancshares by 9.5% during the 4th quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank's stock valued at $1,358,000 after buying an additional 1,508 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Texas Capital Bancshares by 5.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank's stock worth $700,000 after acquiring an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company's stock.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 7,000 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average price of $21.10 per share, for a total transaction of $147,700.00. Following the completion of the purchase, the director now directly owns 202,413 shares of the company's stock, valued at $4,270,914.30. This trade represents a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have acquired 28,732 shares of company stock valued at $820,610. 1.72% of the stock is owned by corporate insiders.

Texas Capital Bancshares Price Performance

TCBI opened at $67.89 on Friday. The firm has a market cap of $3.12 billion, a PE ratio of 53.04, a P/E/G ratio of 0.75 and a beta of 0.74. The stock has a 50-day moving average price of $71.75 and a 200-day moving average price of $77.86. Texas Capital Bancshares, Inc. has a 1 year low of $56.24 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.

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 (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 firm had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Sell-side analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on TCBI shares. Barclays cut their target price on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Raymond James cut their price objective on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a report on Monday, April 21st. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Three 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.

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