Hodges Capital Management Inc. Raises Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Hodges Capital Management Inc. boosted its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 190,943 shares of the bank's stock after purchasing an additional 11,845 shares during the period. Hodges Capital Management Inc. owned about 0.41% of Texas Capital Bancshares worth $13,645,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in shares of Texas Capital Bancshares by 87.0% in the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank's stock worth $65,219,000 after buying an additional 506,094 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Texas Capital Bancshares by 146.7% during the 2nd quarter. Millennium Management LLC now owns 372,370 shares of the bank's stock worth $22,767,000 after acquiring an additional 221,454 shares during the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in shares of Texas Capital Bancshares during the 2nd quarter valued at $11,489,000. American Century Companies Inc. increased its stake in shares of Texas Capital Bancshares by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 562,507 shares of the bank's stock worth $34,392,000 after purchasing an additional 171,263 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Texas Capital Bancshares by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank's stock worth $80,265,000 after purchasing an additional 150,301 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI traded up $0.61 during mid-day trading on Friday, reaching $87.71. The stock had a trading volume of 273,633 shares, compared to its average volume of 423,896. The company has a market cap of $4.05 billion, a P/E ratio of 487.28, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The business's 50 day moving average price is $81.03 and its 200 day moving average price is $69.57. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. 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 issued its quarterly earnings data on Thursday, October 17th. The bank reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.65. The business had revenue of $304.91 million for the quarter, compared to analysts' expectations of $279.64 million. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. Research analysts expect that Texas Capital Bancshares, Inc. will post 4.15 EPS for the current fiscal year.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 20,000 shares of the company's stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average cost of $21.28 per share, with a total value of $425,600.00. Following the purchase, the director now directly owns 84,587 shares of the company's stock, valued at approximately $1,800,011.36. This represents a 30.97 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.99% of the stock is owned by insiders.

Analyst Ratings Changes

TCBI has been the subject of several recent research reports. Wedbush reissued a "sector perform" rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Barclays raised their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a research note on Thursday. Bank of America upgraded shares of Texas Capital Bancshares from an "underperform" rating to a "buy" rating and upped their price target for the stock from $51.00 to $77.00 in a research report on Monday, September 9th. Finally, Raymond James upgraded shares of Texas Capital Bancshares from a "market perform" rating to an "outperform" rating and set a $78.00 price objective on the stock in a research report on Tuesday, September 17th. Four equities 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. According to data from MarketBeat, Texas Capital Bancshares has an average rating of "Hold" and an average price target of $74.69.

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.