Madison Investment Advisors LLC Buys New Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Madison Investment Advisors LLC purchased a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 56,113 shares of the bank's stock, valued at approximately $4,388,000. Madison Investment Advisors LLC owned approximately 0.12% of Texas Capital Bancshares at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Icon Wealth Advisors LLC purchased a new position in shares of Texas Capital Bancshares in the third quarter worth approximately $31,000. Assetmark Inc. acquired a new stake in Texas Capital Bancshares during the 4th quarter valued at $32,000. Venturi Wealth Management LLC acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter worth $37,000. R Squared Ltd purchased a new position in shares of Texas Capital Bancshares during the fourth quarter valued at $41,000. Finally, KBC Group NV raised its position in Texas Capital Bancshares by 64.2% during the fourth quarter. KBC Group NV now owns 2,172 shares of the bank's stock valued at $170,000 after buying an additional 849 shares during the period. Institutional investors and hedge funds own 96.88% of the company's stock.

Insider Activity

In related news, Director Robert W. Stallings acquired 7,000 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of $21.10 per share, for a total transaction of $147,700.00. Following the acquisition, the director now owns 202,413 shares in the company, valued at $4,270,914.30. This trade represents a 3.58 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders acquired 29,402 shares of company stock valued at $653,787. 1.72% of the stock is owned by company insiders.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. DA Davidson dropped their target price on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Stephens cut their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a research note on Friday, January 24th. Hovde Group reduced their price objective on Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating for the company in a research report on Friday, March 7th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. Three 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's stock. Based on data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of "Hold" and a consensus price target of $79.47.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock traded down $0.47 on Wednesday, reaching $76.38. 310,512 shares of the stock were exchanged, compared to its average volume of 411,567. The stock has a market cap of $3.52 billion, a PE ratio of 59.67, a PEG ratio of 0.75 and a beta of 1.13. The firm has a fifty day moving average price of $78.32 and a two-hundred day moving average price of $78.60. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month 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.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share 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%. Sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

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.