Entropy Technologies LP Acquires Shares of 10,851 Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Entropy Technologies LP acquired a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,851 shares of the bank's stock, valued at approximately $849,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TCBI. Algert Global LLC boosted its holdings in Texas Capital Bancshares by 367.3% in the 3rd quarter. Algert Global LLC now owns 22,316 shares of the bank's stock valued at $1,595,000 after purchasing an additional 17,540 shares during the period. Jane Street Group LLC boosted its stake in Texas Capital Bancshares by 107.2% in the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank's stock valued at $9,481,000 after buying an additional 68,632 shares in the last quarter. LMR Partners LLP bought a new stake in Texas Capital Bancshares in the third quarter valued at $740,000. Wolverine Asset Management LLC raised its stake in Texas Capital Bancshares by 23.6% during the third quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank's stock worth $2,933,000 after acquiring an additional 7,849 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Texas Capital Bancshares by 19.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank's stock valued at $4,045,000 after acquiring an additional 9,225 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Price Performance

TCBI stock traded down $1.34 during mid-day trading on Friday, hitting $81.02. The stock had a trading volume of 336,731 shares, compared to its average volume of 482,491. Texas Capital Bancshares, Inc. has a 52 week low of $54.68 and a 52 week high of $91.80. The firm has a fifty day simple moving average of $79.81 and a 200 day simple moving average of $75.78. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.74 billion, a P/E ratio of 63.30, a P/E/G ratio of 0.78 and a beta of 1.16.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts forecast that Texas Capital Bancshares, Inc. will post 5.8 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on TCBI. JPMorgan Chase & Co. dropped their target price on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating for the company in a research report on Friday, January 24th. Hovde Group raised their price objective on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. Truist Financial boosted their target price on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a "hold" rating in a report on Monday, October 21st. Wedbush restated a "sector perform" rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares presently has an average rating of "Hold" and a consensus price target of $79.13.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 7,000 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were bought at an average price of $21.32 per share, for a total transaction of $149,240.00. Following the transaction, the director now directly owns 215,413 shares in the company, valued at approximately $4,592,605.16. This trade represents a 3.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders bought 22,402 shares of company stock valued at $510,777. 0.99% of the stock is currently owned by company insiders.

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.