4,192 Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Purchased by Commerce Bank

Commerce Bank acquired a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,192 shares of the bank's stock, valued at approximately $328,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Texas Capital Bancshares in the fourth quarter worth $42,050,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 acquiring an additional 138,734 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 during the period. Jupiter Asset Management Ltd. purchased a new stake in Texas Capital Bancshares in the 4th quarter worth about $8,080,000. Finally, Prudential Financial Inc. lifted its stake in Texas Capital Bancshares by 104.5% in the fourth quarter. Prudential Financial Inc. now owns 155,135 shares of the bank's stock worth $12,132,000 after purchasing an additional 79,290 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler reduced their price target on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased 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 report on Monday, April 21st. DA Davidson lowered their price objective on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Finally, Hovde Group dropped their price objective on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Three investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $76.64.

Texas Capital Bancshares Stock Down 0.5 %

TCBI traded down $0.35 on Wednesday, hitting $68.15. The company had a trading volume of 449,296 shares, compared to its average volume of 446,921. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 53.24, a P/E/G ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares, Inc. has a 12-month low of $56.24 and a 12-month 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 stock has a fifty day moving average price of $71.00 and a 200-day moving average price of $77.71.

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

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 7,000 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were purchased at an average cost of $21.32 per share, with a total value of $149,240.00. Following the completion of the acquisition, the director now directly owns 215,413 shares of the company's stock, valued at $4,592,605.16. This represents a 3.36 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have acquired 32,000 shares of company stock worth $1,121,905. Insiders own 1.72% of the company's stock.

Texas Capital Bancshares Company 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.