Walleye Capital LLC Has $1.87 Million Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Walleye Capital LLC boosted its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 642.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,909 shares of the bank's stock after purchasing an additional 20,687 shares during the quarter. Walleye Capital LLC owned about 0.05% of Texas Capital Bancshares worth $1,870,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on TCBI shares. DA Davidson reduced their target price on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a report on Monday. Piper Sandler cut their price objective on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a report on Monday. Stephens cut their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Monday. Keefe, Bruyette & Woods cut their price objective on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a report on Monday. Finally, Raymond James cut their target price on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $76.64.

Texas Capital Bancshares Price Performance

Shares of TCBI stock traded up $0.31 during trading hours on Thursday, hitting $67.50. 162,577 shares of the company's stock were exchanged, compared to its average volume of 444,477. The stock's 50-day moving average is $72.29 and its 200-day moving average is $77.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 52.58, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares, Inc. has a 52 week low of $56.24 and a 52 week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). The business had revenue of $280.48 million for the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. As a group, research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Activity at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 4,500 shares of the business's stock in a transaction on Monday, April 21st. The shares were purchased at an average price of $64.27 per share, with a total value of $289,215.00. Following the completion of the purchase, the director now owns 288,131 shares of the company's stock, valued at $18,518,179.37. This represents a 1.59 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have bought a total of 33,902 shares of company stock worth $943,002 over the last 90 days. Insiders own 1.72% of the company's stock.

About Texas Capital Bancshares

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.