Empowered Funds LLC Invests $288,000 in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Empowered Funds LLC acquired a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,677 shares of the bank's stock, valued at approximately $288,000.

A number of other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank's stock valued at $26,000 after purchasing an additional 169 shares in the last quarter. Icon Wealth Advisors LLC purchased a new stake in Texas Capital Bancshares during the third quarter valued at $31,000. R Squared Ltd bought a new position in Texas Capital Bancshares during the fourth quarter valued at $41,000. Meeder Asset Management Inc. purchased a new position in shares of Texas Capital Bancshares in the 3rd quarter worth $71,000. Finally, CWM LLC increased its holdings in shares of Texas Capital Bancshares by 69.8% in the 3rd quarter. CWM LLC now owns 1,611 shares of the bank's stock worth $115,000 after buying an additional 662 shares during the last quarter. Institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Trading Down 1.2 %

Texas Capital Bancshares stock traded down $0.93 during trading hours on Monday, hitting $78.65. The company had a trading volume of 357,669 shares, compared to its average volume of 464,402. 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 market cap of $3.62 billion, a P/E ratio of 61.45, a P/E/G ratio of 0.75 and a beta of 1.16. The company has a 50-day moving average price of $79.11 and a two-hundred day moving average price of $76.91. 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, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TCBI. JPMorgan Chase & Co. lowered their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating for the company in a report on Friday, January 24th. Stephens lowered their price objective on Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Barclays lifted their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Finally, StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $79.13.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 7,000 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average cost of $21.32 per share, for a total transaction of $149,240.00. Following the completion of the acquisition, the director now directly owns 215,413 shares of the company's stock, valued at $4,592,605.16. The trade was a 3.36 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have bought 22,402 shares of company stock valued at $510,777. 0.99% of the stock is currently owned by corporate insiders.

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.