Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 19.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,606 shares of the bank's stock after purchasing an additional 9,225 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.12% of Texas Capital Bancshares worth $4,045,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Coldstream Capital Management Inc. increased its position in Texas Capital Bancshares by 5.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank's stock worth $309,000 after purchasing an additional 217 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Texas Capital Bancshares by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank's stock worth $81,856,000 after buying an additional 13,022 shares in the last quarter. M&T Bank Corp raised 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 buying an additional 316 shares during the last quarter. Barclays PLC lifted its stake in shares of Texas Capital Bancshares by 19.6% during the third quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after buying an additional 17,863 shares during the period. Finally, Hodges Capital Management Inc. boosted its position in Texas Capital Bancshares by 6.6% during the third quarter. Hodges Capital Management Inc. now owns 190,943 shares of the bank's stock worth $13,645,000 after acquiring an additional 11,845 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Down 1.3 %

Shares of Texas Capital Bancshares stock traded down $1.11 on Friday, hitting $84.42. 311,711 shares of the company's stock traded hands, compared to its average volume of 424,461. The stock has a market cap of $3.90 billion, a P/E ratio of 469.00, a PEG ratio of 0.82 and a beta of 1.14. The firm's 50-day moving average is $82.50 and its 200 day moving average is $70.34. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.65. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. The company had revenue of $304.91 million during the quarter, compared to the consensus estimate of $279.64 million. Equities analysts anticipate that Texas Capital Bancshares, Inc. will post 4.15 earnings per share for the current year.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 20,000 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, October 22nd. The shares were bought at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the transaction, the director now owns 84,587 shares in the company, valued at $1,800,011.36. This represents a 30.97 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.99% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Piper Sandler downgraded Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $77.00 to $82.00 in a research report on Friday, October 18th. Truist Financial upped their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the company a "hold" rating in a research note on Monday, October 21st. DA Davidson boosted their target price on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $74.00 price target on shares of Texas Capital Bancshares in a research report on Monday, September 9th. Finally, Bank of America upgraded shares of Texas Capital Bancshares from an "underperform" rating to a "buy" rating and lifted their price target for the company from $51.00 to $77.00 in a report on Monday, September 9th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of "Hold" and a consensus price target of $74.69.

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.