Aquatic Capital Management LLC acquired a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,362 shares of the bank's stock, valued at approximately $654,000.
A number of other large investors also recently bought and sold shares of TCBI. Picton Mahoney Asset Management acquired a new stake in Texas Capital Bancshares during the fourth quarter valued at approximately $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 during the 4th quarter worth $37,000. R Squared Ltd purchased a new position in Texas Capital Bancshares in the 4th quarter worth about $41,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $115,000. Hedge funds and other institutional investors own 96.88% of the company's stock.
Insider Transactions at Texas Capital Bancshares
In other news, Director Robert W. Stallings purchased 7,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $20.43 per share, with a total value of $143,010.00. Following the acquisition, the director now directly owns 49,500 shares of the company's stock, valued at approximately $1,011,285. This represents a 16.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired a total of 26,000 shares of company stock worth $994,055 in the last quarter. 1.72% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Raymond James dropped their price target on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Piper Sandler lowered their price objective on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Hovde Group reduced their price target on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" 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 issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $76.64.
View Our Latest Stock Analysis on Texas Capital Bancshares
Texas Capital Bancshares Price Performance
NASDAQ:TCBI traded up $0.70 during mid-day trading on Wednesday, reaching $70.60. 45,458 shares of the company were exchanged, compared to its average volume of 444,818. 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 stock has a market cap of $3.24 billion, a PE ratio of 55.21, a PEG ratio of 0.75 and a beta of 0.62. Texas Capital Bancshares, Inc. has a 12 month low of $56.24 and a 12 month high of $91.80. The company has a fifty day moving average of $70.31 and a 200 day moving average of $77.47.
Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.
About Texas Capital Bancshares
(
Free Report)
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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