Aquatic Capital Management LLC Invests $654,000 in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Aquatic Capital Management LLC acquired a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,362 shares of the bank's stock, valued at approximately $654,000.

A number of other large investors have also made changes to their positions in TCBI. Picton Mahoney Asset Management acquired a new position in Texas Capital Bancshares in the fourth quarter valued at about $30,000. Assetmark Inc. acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $32,000. Venturi Wealth Management LLC acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $37,000. R Squared Ltd acquired a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $41,000. Finally, Aster Capital Management DIFC Ltd bought a new position in Texas Capital Bancshares in the fourth quarter valued at approximately $115,000. Institutional investors own 96.88% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TCBI shares. Hovde Group reduced their price objective on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Raymond James lowered their price target on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods reduced their price objective on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $76.64.

Insiders Place Their Bets

In related news, Director Robert W. Stallings purchased 7,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $20.43 per share, with a total value of $143,010.00. Following the completion of the transaction, the director now directly owns 49,500 shares of the company's stock, valued at $1,011,285. This represents a 16.47 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 32,000 shares of company stock worth $1,121,905 in the last quarter. Corporate insiders own 1.72% of the company's stock.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock opened at $68.75 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The stock's 50 day moving average is $70.80 and its 200-day moving average is $77.65. Texas Capital Bancshares, Inc. has a 12 month low of $56.24 and a 12 month high of $91.80. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 53.71, a PEG ratio of 0.75 and a beta of 0.74.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced 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). Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. The business had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

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.

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