Hsbc Holdings PLC Buys New Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Hsbc Holdings PLC acquired a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,550 shares of the bank's stock, valued at approximately $907,000.

A number of other institutional investors also recently added to or reduced their stakes in TCBI. Barclays PLC grew its holdings in shares of Texas Capital Bancshares by 19.6% in the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock worth $7,786,000 after purchasing an additional 17,863 shares during the last quarter. Moody National Bank Trust Division grew its stake in Texas Capital Bancshares by 9.5% during the fourth quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank's stock worth $1,358,000 after buying an additional 1,508 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Texas Capital Bancshares by 5.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank's stock worth $700,000 after buying an additional 450 shares in the last quarter. KBC Group NV raised its stake in shares of Texas Capital Bancshares by 64.2% in the fourth quarter. KBC Group NV now owns 2,172 shares of the bank's stock valued at $170,000 after acquiring an additional 849 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $41,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 7,000 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average price of $21.32 per share, with a total value of $149,240.00. Following the transaction, the director now owns 215,413 shares in the company, valued at $4,592,605.16. This represents a 3.36 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have purchased 26,000 shares of company stock worth $994,055. Company insiders own 1.72% of the company's stock.

Analyst Ratings Changes

TCBI has been the subject of a number of research reports. Raymond James lowered their target price on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. DA Davidson dropped their target price on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. dropped their price objective on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Finally, Stephens cut their price target on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. 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's stock. According to data from MarketBeat, Texas Capital Bancshares presently has an average rating of "Hold" and an average price target of $76.64.

Texas Capital Bancshares Trading Up 0.2 %

TCBI traded up $0.15 during mid-day trading on Wednesday, hitting $70.05. The stock had a trading volume of 340,681 shares, compared to its average volume of 446,541. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 1-year low of $56.24 and a 1-year high of $91.80. The stock's fifty day simple moving average is $70.13 and its 200-day simple moving average is $77.41. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 54.73, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62.

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

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.