Jane Street Group LLC Purchases 68,632 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Jane Street Group LLC grew its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 107.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,672 shares of the bank's stock after buying an additional 68,632 shares during the quarter. Jane Street Group LLC owned about 0.29% of Texas Capital Bancshares worth $9,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TCBI. Algert Global LLC lifted its stake in Texas Capital Bancshares by 367.3% during the third quarter. Algert Global LLC now owns 22,316 shares of the bank's stock valued at $1,595,000 after purchasing an additional 17,540 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Texas Capital Bancshares by 87.0% during the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank's stock worth $65,219,000 after purchasing an additional 506,094 shares during the period. TD Asset Management Inc raised its position in shares of Texas Capital Bancshares by 26.6% during the second quarter. TD Asset Management Inc now owns 34,278 shares of the bank's stock worth $2,096,000 after purchasing an additional 7,200 shares during the period. Hodges Capital Management Inc. lifted its holdings in shares of Texas Capital Bancshares by 22.0% during the second quarter. Hodges Capital Management Inc. now owns 179,098 shares of the bank's stock valued at $10,950,000 after purchasing an additional 32,248 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Texas Capital Bancshares by 8.5% in the 2nd quarter. Sei Investments Co. now owns 152,887 shares of the bank's stock valued at $9,347,000 after purchasing an additional 12,041 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock traded down $1.09 on Friday, reaching $84.44. 120,685 shares of the stock were exchanged, compared to its average volume of 423,648. The stock has a market cap of $3.90 billion, a PE ratio of 475.17, a PEG ratio of 0.82 and a beta of 1.14. The firm has a fifty day moving average price of $82.25 and a two-hundred day moving average price of $70.17. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

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

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 20,000 shares of the firm's stock in a transaction on 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 directly owns 84,587 shares of the company's stock, valued at approximately $1,800,011.36. This trade represents a 30.97 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TCBI has been the subject of a number of analyst reports. Raymond James raised shares of Texas Capital Bancshares from a "market perform" rating to an "outperform" rating and set a $78.00 price objective for the company in a research note on Tuesday, September 17th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $74.00 price objective on shares of Texas Capital Bancshares in a research note on Monday, September 9th. Wedbush reiterated a "sector perform" rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Piper Sandler lowered Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and increased their target price for the company from $77.00 to $82.00 in a report on Friday, October 18th. Finally, Bank of America upgraded 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 research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $74.69.

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.