Jackson Creek Investment Advisors LLC Makes New Investment in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Jackson Creek Investment Advisors LLC acquired a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,493 shares of the bank's stock, valued at approximately $1,524,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. purchased a new position in Texas Capital Bancshares in the fourth quarter valued at approximately $32,000. Icon Wealth Advisors LLC purchased a new position in Texas Capital Bancshares in the third quarter valued at about $31,000. Venturi Wealth Management LLC acquired a new position in shares of Texas Capital Bancshares during the fourth quarter worth about $37,000. R Squared Ltd purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter worth about $41,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Texas Capital Bancshares in the third quarter valued at about $71,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on TCBI. JPMorgan Chase & Co. reduced their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a research report on Friday, January 24th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. Stephens lowered their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Hovde Group cut their price target on Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating on the stock in a research note on Friday. Finally, StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Texas Capital Bancshares has a consensus rating of "Hold" and an average price target of $79.47.

Remove Ads

Texas Capital Bancshares Stock Performance

TCBI traded down $0.90 during trading on Tuesday, reaching $70.86. 783,791 shares of the company were exchanged, compared to its average volume of 410,845. Texas Capital Bancshares, Inc. has a 52 week low of $54.68 and a 52 week high of $91.80. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $78.72 and a 200 day moving average of $77.97. The stock has a market cap of $3.26 billion, a P/E ratio of 55.36, a PEG ratio of 0.75 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, sell-side analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,670 shares of Texas Capital Bancshares stock in a transaction on Friday, January 24th. The stock was bought at an average price of $27.60 per share, for a total transaction of $156,492.00. Following the transaction, the director now owns 180,893 shares of the company's stock, valued at $4,992,646.80. The trade was a 3.24 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders bought 29,402 shares of company stock worth $653,787. Insiders own 0.99% of the company's stock.

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.