Azora Capital LP Makes New $25.23 Million Investment in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Azora Capital LP acquired a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 322,659 shares of the bank's stock, valued at approximately $25,232,000. Texas Capital Bancshares accounts for approximately 1.1% of Azora Capital LP's investment portfolio, making the stock its 28th biggest position. Azora Capital LP owned 0.70% of Texas Capital Bancshares as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $42,050,000. Massachusetts Financial Services Co. MA boosted its stake in Texas Capital Bancshares by 22.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank's stock worth $58,246,000 after purchasing an additional 138,734 shares during the period. JPMorgan Chase & Co. increased its holdings in Texas Capital Bancshares by 75.5% during the 4th quarter. JPMorgan Chase & Co. now owns 317,292 shares of the bank's stock worth $24,812,000 after purchasing an additional 136,507 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at about $8,080,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $6,979,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI traded up $0.15 during trading on Wednesday, reaching $70.05. 340,681 shares of the company's stock were exchanged, compared to its average volume of 446,541. Texas Capital Bancshares, Inc. has a fifty-two week low of $56.24 and a fifty-two week high of $91.80. The stock has a market capitalization of $3.22 billion, a P/E ratio of 54.73, a PEG ratio of 0.75 and a beta of 0.62. The business has a 50 day moving average price of $70.13 and a 200-day moving average price of $77.41. 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 (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share 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. Sell-side analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TCBI has been the topic of a number of recent research reports. Barclays dropped their target price on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Hovde Group cut their price objective on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Keefe, Bruyette & Woods reduced their target price on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a 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. Finally, StockNews.com raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares has an average rating of "Hold" and an average target price of $76.64.

Insiders Place Their Bets

In other news, Director Robert W. Stallings purchased 500 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average cost of $68.20 per share, with a total value of $34,100.00. Following the acquisition, the director now owns 289,961 shares in the company, valued at approximately $19,775,340.20. This trade represents a 0.17 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 26,000 shares of company stock worth $994,055 over the last three months. 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.