Proficio Capital Partners LLC Invests $1.69 Million in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

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

A number of other institutional investors also recently modified their holdings of the business. Amalgamated Bank boosted its position in shares of Texas Capital Bancshares by 0.8% in the fourth quarter. Amalgamated Bank now owns 20,791 shares of the bank's stock valued at $1,626,000 after acquiring an additional 166 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Texas Capital Bancshares by 5.3% in the third quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank's stock valued at $309,000 after acquiring an additional 217 shares during the period. Savant Capital LLC boosted its position in shares of Texas Capital Bancshares by 5.7% in the fourth quarter. Savant Capital LLC now owns 5,604 shares of the bank's stock valued at $438,000 after acquiring an additional 303 shares during the period. M&T Bank Corp boosted its position in shares of Texas Capital Bancshares by 6.8% in the third quarter. M&T Bank Corp now owns 4,946 shares of the bank's stock valued at $353,000 after acquiring an additional 316 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Texas Capital Bancshares by 3.8% in the third quarter. Captrust Financial Advisors now owns 10,036 shares of the bank's stock valued at $717,000 after acquiring an additional 369 shares during the period. Institutional investors own 96.88% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price 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. DA Davidson cut their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Stephens cut their price objective 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. Hovde Group cut their price objective on shares of 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, StockNews.com raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Three equities research 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $79.47.

Texas Capital Bancshares Trading Up 0.4 %

Shares of Texas Capital Bancshares stock traded up $0.27 on Friday, hitting $75.88. The stock had a trading volume of 757,708 shares, compared to its average volume of 411,394. The stock has a 50 day moving average of $78.25 and a 200 day moving average of $78.36. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $3.50 billion, a P/E ratio of 59.28, 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 data 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%. Sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 7,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $20.43 per share, with a total value of $143,010.00. Following the transaction, the director now owns 49,500 shares of the company's stock, valued at $1,011,285. This trade represents a 16.47 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 29,402 shares of company stock valued at $653,787. 1.72% of the stock is currently owned by company insiders.

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.