Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Quest Partners LLC

Quest Partners LLC lowered its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 78.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,178 shares of the bank's stock after selling 8,102 shares during the period. Quest Partners LLC's holdings in Texas Capital Bancshares were worth $156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC increased its holdings in Texas Capital Bancshares by 87.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank's stock worth $65,219,000 after acquiring an additional 506,094 shares in the last quarter. American Century Companies Inc. lifted its stake in Texas Capital Bancshares by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 562,507 shares of the bank's stock valued at $34,392,000 after buying an additional 171,263 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Texas Capital Bancshares by 11.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 381,462 shares of the bank's stock worth $23,323,000 after buying an additional 38,393 shares during the last quarter. Millennium Management LLC increased its stake in Texas Capital Bancshares by 146.7% during the 2nd quarter. Millennium Management LLC now owns 372,370 shares of the bank's stock worth $22,767,000 after buying an additional 221,454 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. acquired a new position in shares of Texas Capital Bancshares during the second quarter valued at approximately $11,489,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Texas Capital Bancshares Trading Down 0.9 %

TCBI traded down $0.77 on Friday, hitting $88.45. The company had a trading volume of 177,924 shares, compared to its average volume of 430,633. The company's fifty day moving average price is $78.97 and its 200 day moving average price is $68.35. Texas Capital Bancshares, Inc. has a 1 year low of $53.69 and a 1 year 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. The firm has a market cap of $4.09 billion, a P/E ratio of 492.22, a PEG ratio of 0.85 and a beta of 1.12.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $1.62 EPS for the quarter, topping the consensus estimate of $0.97 by $0.65. The firm had revenue of $304.91 million for the quarter, compared to analyst estimates of $279.64 million. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. As a group, equities analysts expect that Texas Capital Bancshares, Inc. will post 4.15 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $74.00 price target on shares of Texas Capital Bancshares in a research report on Monday, September 9th. Piper Sandler lowered shares of Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and upped their target price for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Royal Bank of Canada raised their price target on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. DA Davidson upped their price objective on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Barclays raised their target price on shares of Texas Capital Bancshares from $49.00 to $60.00 and gave the stock an "underweight" rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Capital Bancshares has a consensus rating of "Hold" and an average target price of $74.00.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 20,000 shares of the business'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 completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.99% of the stock is owned by insiders.

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.