21,583 Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 21,583 shares of the bank's stock, valued at approximately $1,688,000.

A number of other large investors also recently bought and sold shares of the business. Algert Global LLC lifted its holdings in shares of Texas Capital Bancshares by 367.3% in the 3rd quarter. Algert Global LLC now owns 22,316 shares of the bank's stock worth $1,595,000 after buying an additional 17,540 shares during the period. Jane Street Group LLC lifted its holdings in shares of Texas Capital Bancshares by 107.2% in the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank's stock worth $9,481,000 after buying an additional 68,632 shares during the period. LMR Partners LLP purchased a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth $740,000. Wolverine Asset Management LLC lifted its holdings in shares of Texas Capital Bancshares by 23.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank's stock worth $2,933,000 after buying an additional 7,849 shares during the period. Finally, Creative Planning purchased a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth $440,000. Hedge funds and other institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Stock Up 0.4 %

NASDAQ:TCBI traded up $0.29 during mid-day trading on Friday, hitting $74.01. 773,815 shares of the company's stock traded hands, compared to its average volume of 407,786. The company has a fifty day moving average of $78.84 and a 200 day moving average of $77.92. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The company has a market capitalization of $3.41 billion, a P/E ratio of 57.82, a P/E/G ratio of 0.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00.

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Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating 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, analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on TCBI shares. JPMorgan Chase & Co. lowered their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating for the company in a report on Friday, January 24th. StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods restated an "outperform" rating and set a $95.00 price objective (down from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. DA Davidson decreased their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Finally, Barclays upped their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $79.47.

Insider Activity

In other news, Director Robert W. Stallings acquired 2,006 shares of the business's stock in a transaction dated Monday, January 27th. The shares were acquired at an average cost of $20.99 per share, with a total value of $42,105.94. Following the completion of the acquisition, the director now owns 182,899 shares of the company's stock, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders have bought 29,402 shares of company stock valued at $653,787. Company insiders own 0.99% of the company's stock.

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.