Hodges Capital Management Inc. Acquires 62,030 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Hodges Capital Management Inc. grew its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 32.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 252,973 shares of the bank's stock after purchasing an additional 62,030 shares during the quarter. Texas Capital Bancshares comprises about 1.2% of Hodges Capital Management Inc.'s portfolio, making the stock its 21st biggest holding. Hodges Capital Management Inc. owned about 0.55% of Texas Capital Bancshares worth $19,782,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in TCBI. Blue Trust Inc. raised its stake in Texas Capital Bancshares by 89.9% in the 3rd 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 acquired a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth $31,000. R Squared Ltd bought a new position in shares of Texas Capital Bancshares in the fourth quarter worth $41,000. Meeder Asset Management Inc. bought a new position in shares of Texas Capital Bancshares in the third quarter worth $71,000. Finally, CWM LLC raised its stake in Texas Capital Bancshares by 69.8% in the third quarter. CWM LLC now owns 1,611 shares of the bank's stock valued at $115,000 after purchasing an additional 662 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company's stock.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,006 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of $20.99 per share, with a total value of $42,105.94. Following the transaction, the director now directly owns 182,899 shares in the company, valued at $3,839,050.01. This trade represents a 1.11 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders bought 15,402 shares of company stock valued at $361,537. Corporate insiders own 1.53% of the company's stock.

Texas Capital Bancshares Stock Up 1.2 %

Shares of Texas Capital Bancshares stock traded up $1.01 during trading hours on Thursday, reaching $83.52. The company's stock had a trading volume of 472,177 shares, compared to its average volume of 505,074. The company has a market capitalization of $3.86 billion, a P/E ratio of 65.25, a P/E/G ratio of 0.73 and a beta of 1.16. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80. The stock's fifty day simple moving average is $80.37 and its two-hundred day simple moving average is $75.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.00.

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, topping the consensus estimate 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, research analysts forecast that Texas Capital Bancshares, Inc. will post 5.82 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Wedbush restated a "sector perform" rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective 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. Finally, DA Davidson cut their target price on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Texas Capital Bancshares presently has a consensus rating of "Hold" and an average target price of $79.13.

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.