Ieq Capital LLC Invests $397,000 in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Ieq Capital LLC purchased a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,076 shares of the bank's stock, valued at approximately $397,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank's stock valued at $26,000 after purchasing an additional 169 shares during the last quarter. Icon Wealth Advisors LLC purchased a new position in Texas Capital Bancshares in the 3rd quarter valued at $31,000. Venturi Wealth Management LLC acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter worth $37,000. R Squared Ltd purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $41,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Texas Capital Bancshares during the third quarter worth about $71,000. Hedge funds and other institutional investors own 96.88% of the company's stock.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 2,006 shares of the business's stock in a transaction dated Monday, January 27th. The stock was acquired at an average price of $20.99 per share, with a total value of $42,105.94. Following the completion of the transaction, the director now owns 182,899 shares of the company's stock, valued at approximately $3,839,050.01. This represents a 1.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders purchased a total of 22,402 shares of company stock valued at $510,777 in the last ninety days. Company insiders own 0.99% of the company's stock.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock traded down $1.05 on Monday, reaching $78.11. 292,196 shares of the stock were exchanged, compared to its average volume of 404,970. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The firm has a fifty day moving average price of $79.13 and a two-hundred day moving average price of $77.45. The stock has a market cap of $3.59 billion, a PE ratio of 61.02, a PEG ratio of 0.75 and a beta of 1.16.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its 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%. Sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TCBI. Barclays raised their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an "underweight" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. reduced 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 research report on Friday, January 24th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $95.00 price objective (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. DA Davidson decreased their price objective 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. Finally, Stephens reduced their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Three investment 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $79.13.

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.