Quantbot Technologies LP Acquires 40,654 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Quantbot Technologies LP raised its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 3,939.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,686 shares of the bank's stock after acquiring an additional 40,654 shares during the quarter. Quantbot Technologies LP owned approximately 0.09% of Texas Capital Bancshares worth $3,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Picton Mahoney Asset Management acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $30,000. Assetmark Inc. acquired a new position in shares of Texas Capital Bancshares during the 4th quarter worth about $32,000. Icon Wealth Advisors LLC bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at about $31,000. Venturi Wealth Management LLC acquired a new stake in Texas Capital Bancshares in the 4th quarter valued at about $37,000. Finally, R Squared Ltd bought a new position in Texas Capital Bancshares during the fourth quarter worth about $41,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Hovde Group cut their price target on Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating for the company in a report on Friday, March 7th. Stephens lowered their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Barclays increased their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 price target (down previously 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 given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $79.47.

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Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 7,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $20.43 per share, for a total transaction of $143,010.00. Following the completion of the acquisition, the director now owns 49,500 shares of the company's stock, valued at approximately $1,011,285. This trade represents a 16.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders bought 29,402 shares of company stock valued at $653,787. Corporate insiders own 1.72% of the company's stock.

Texas Capital Bancshares Trading Down 1.4 %

Shares of NASDAQ:TCBI traded down $1.07 during trading on Thursday, reaching $75.31. 492,263 shares of the company traded hands, compared to its average volume of 412,146. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 58.84, a P/E/G ratio of 0.75 and a beta of 1.13. 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 business's fifty day moving average is $78.27 and its 200-day moving average is $78.59.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its 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%. As a group, analysts forecast 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.