Fisher Asset Management LLC Purchases 30,395 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Fisher Asset Management LLC lifted its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 12.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,607 shares of the bank's stock after acquiring an additional 30,395 shares during the quarter. Fisher Asset Management LLC owned approximately 0.58% of Texas Capital Bancshares worth $19,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Texas Capital Bancshares in the second quarter worth approximately $26,000. Blue Trust Inc. increased its holdings in Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank's stock worth $26,000 after purchasing an additional 169 shares in the last quarter. Icon Wealth Advisors LLC bought a new stake in Texas Capital Bancshares in the third quarter worth approximately $31,000. CWM LLC increased its holdings in Texas Capital Bancshares by 40.8% in the second quarter. CWM LLC now owns 949 shares of the bank's stock worth $58,000 after purchasing an additional 275 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Texas Capital Bancshares in the third quarter worth approximately $71,000. 96.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. DA Davidson lifted their target price on Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on Texas Capital Bancshares from $72.00 to $80.00 and gave the company an "underweight" rating in a report on Friday, October 18th. Wedbush restated a "sector perform" rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Royal Bank of Canada boosted their price objective on Texas Capital Bancshares from $73.00 to $83.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. Finally, Truist Financial boosted their price objective on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a "hold" rating in a report on Monday, October 21st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $74.00.

Texas Capital Bancshares Stock Down 0.0 %

Shares of NASDAQ:TCBI opened at $89.22 on Thursday. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 495.67, a PEG ratio of 0.85 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 12-month low of $53.69 and a 12-month high of $91.80. The business's 50 day moving average is $78.32 and its 200 day moving average is $68.06.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.65. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. The business had revenue of $304.91 million for the quarter, compared to analysts' expectations of $279.64 million. On average, sell-side analysts forecast that Texas Capital Bancshares, Inc. will post 4.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 20,000 shares of the business's stock in a transaction on Tuesday, October 22nd. The shares were acquired at an average price of $21.28 per share, with a total value of $425,600.00. Following the completion of the transaction, the director now owns 84,587 shares in the company, valued at approximately $1,800,011.36. This trade represents a 30.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.53% of the company's stock.

Texas Capital Bancshares 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.