Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Purchased by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc boosted its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 73.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,616 shares of the bank's stock after purchasing an additional 4,508 shares during the quarter. Texas Capital Bank Wealth Management Services Inc's holdings in Texas Capital Bancshares were worth $830,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new stake in shares of Texas Capital Bancshares in the 4th quarter worth approximately $30,000. Assetmark Inc. acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at $32,000. Venturi Wealth Management LLC purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $37,000. R Squared Ltd acquired a new position in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $41,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Texas Capital Bancshares during the 4th quarter valued at about $115,000. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Stock Performance

Shares of TCBI traded up $1.34 during trading hours on Wednesday, hitting $65.55. The company had a trading volume of 357,446 shares, compared to its average volume of 441,212. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $74.29 and a 200-day moving average of $78.16. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 51.21, a PEG ratio of 0.75 and a beta of 0.74.

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, beating analysts' consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,006 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the completion of the transaction, the director now owns 182,899 shares of the company's stock, valued at $3,839,050.01. This represents a 1.11 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 29,402 shares of company stock valued at $653,787 over the last 90 days. Insiders own 1.72% of the company's stock.

Wall Street Analysts Forecast Growth

TCBI has been the topic of a number of research analyst reports. DA Davidson reduced their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. dropped 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. Hovde Group cut their price target on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating on the stock in a research note on Friday, March 7th. Barclays cut their target price on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $80.36.

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.