Cubist Systematic Strategies LLC Purchases New Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Cubist Systematic Strategies LLC bought a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 38,892 shares of the bank's stock, valued at approximately $3,041,000. Cubist Systematic Strategies LLC owned 0.08% of Texas Capital Bancshares as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth 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 in the 4th quarter worth approximately $37,000. R Squared Ltd bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth approximately $41,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth 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 Texas Capital Bancshares news, Director Robert W. Stallings purchased 7,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the purchase, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 19,300 shares of company stock worth $850,815 in the last three months. Corporate insiders own 1.72% of the company's stock.

Analyst Upgrades and Downgrades

TCBI has been the topic of a number of analyst reports. Hovde Group dropped their price target on 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. Barclays lowered their price objective 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. Raymond James lowered their price objective 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 raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Stephens lowered their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report 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 assigned a buy rating to the stock. According to MarketBeat, Texas Capital Bancshares presently has an average rating of "Hold" and an average price target of $76.64.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBI traded down $0.30 during midday trading on Friday, hitting $76.39. The company had a trading volume of 142,600 shares, compared to its average volume of 446,599. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 59.68, 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 $70.17 and a two-hundred day moving average of $77.31.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 EPS 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 analysts' expectations of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Texas Capital Bancshares 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.