Edgestream Partners L.P. Has $7.96 Million Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Edgestream Partners L.P. increased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 149.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,798 shares of the bank's stock after acquiring an additional 60,918 shares during the period. Edgestream Partners L.P. owned approximately 0.22% of Texas Capital Bancshares worth $7,961,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Creative Planning acquired a new stake in shares of Texas Capital Bancshares in the third quarter valued at about $440,000. State of Alaska Department of Revenue raised its position in Texas Capital Bancshares by 3.5% during the third quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank's stock worth $383,000 after acquiring an additional 180 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Texas Capital Bancshares in the third quarter valued at approximately $201,000. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $214,000. Finally, Wolverine Asset Management LLC raised its position in shares of Texas Capital Bancshares by 23.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank's stock worth $2,933,000 after purchasing an additional 7,849 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company's stock.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 2,006 shares of the stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $20.99 per share, for a total transaction of $42,105.94. Following the completion of the purchase, the director now directly owns 182,899 shares of the company's stock, valued at $3,839,050.01. This trade represents a 1.11 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders bought 29,402 shares of company stock worth $653,787. 0.99% of the stock is owned by corporate insiders.

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Texas Capital Bancshares Price Performance

Shares of TCBI stock traded down $1.23 during midday trading on Monday, reaching $72.79. 180,316 shares of the company were exchanged, compared to its average volume of 406,922. The company's 50 day moving average price is $78.84 and its two-hundred day moving average price is $77.92. The company has a market cap of $3.35 billion, a P/E ratio of 56.94, a PEG ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 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.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates 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, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TCBI has been the topic of several recent research reports. Barclays upped their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a report on Friday, January 24th. DA Davidson dropped their price target 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, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 price objective (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 issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $79.47.

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.