Deutsche Bank AG Has $8.77 Million Stock Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Deutsche Bank AG grew its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 149.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 112,168 shares of the bank's stock after buying an additional 67,264 shares during the period. Deutsche Bank AG owned approximately 0.24% of Texas Capital Bancshares worth $8,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at $30,000. Assetmark Inc. acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at $32,000. Venturi Wealth Management LLC acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at $37,000. R Squared Ltd acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at $41,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at $115,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Texas Capital Bancshares Trading Down 1.1%

Texas Capital Bancshares stock opened at $75.83 on Friday. The firm has a 50-day moving average of $70.27 and a 200-day moving average of $77.30. Texas Capital Bancshares, Inc. has a one year low of $56.24 and a one year high of $91.80. 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 $3.48 billion, a price-to-earnings ratio of 59.24, a P/E/G ratio of 0.75 and a beta of 0.62.

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 analysts' consensus estimates of $0.99 by ($0.07). The business 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, equities analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Piper Sandler reduced their target price on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Hovde Group reduced their target price on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Barclays reduced their target price on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Stephens reduced their target price on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company 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 note on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $76.64.

Insider Activity

In other news, Director Robert W. Stallings bought 7,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $20.43 per share, with a total value of $143,010.00. Following the acquisition, the director now owns 49,500 shares in the company, valued at $1,011,285. This trade represents a 16.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have bought 19,300 shares of company stock valued at $850,815. 1.72% of the stock is owned by company insiders.

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.

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