19,139 Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Acquired by Capital Fund Management S.A.

Capital Fund Management S.A. purchased a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,139 shares of the bank's stock, valued at approximately $1,497,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TCBI. US Bancorp DE raised its position in shares of Texas Capital Bancshares by 1,575.0% during the 4th quarter. US Bancorp DE now owns 10,519 shares of the bank's stock valued at $823,000 after buying an additional 9,891 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Texas Capital Bancshares by 37.5% during the fourth quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock valued at $7,538,000 after buying an additional 26,294 shares during the last quarter. Barclays PLC raised its holdings in shares of Texas Capital Bancshares by 19.6% during the third quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after purchasing an additional 17,863 shares during the last quarter. Martingale Asset Management L P bought a new position in shares of Texas Capital Bancshares in the 4th quarter worth approximately $1,329,000. Finally, Proficio Capital Partners LLC bought a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $1,688,000. 96.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Robert W. Stallings purchased 7,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the purchase, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 29,402 shares of company stock worth $653,787 in the last ninety days. 1.72% of the stock is currently owned by insiders.

Texas Capital Bancshares Price Performance

Shares of TCBI traded down $1.34 during mid-day trading on Monday, reaching $64.69. The company had a trading volume of 140,013 shares, compared to its average volume of 441,665. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 50.70, a P/E/G ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares, Inc. has a 1-year low of $56.24 and a 1-year high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The company's 50 day simple moving average is $73.26 and its 200 day simple moving average is $78.12.

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 the consensus estimate of $0.99 by ($0.07). The company had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Hovde Group lowered 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 note on Monday. Barclays lowered their price target on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their target price on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating for the company in a research note on Friday, January 24th. Piper Sandler dropped their price target on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $79.29.

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.