Lisanti Capital Growth LLC Makes New $1.42 Million Investment in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Lisanti Capital Growth LLC bought a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,975 shares of the bank's stock, valued at approximately $1,417,000.

Other hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new position in shares of Texas Capital Bancshares in the fourth quarter worth $30,000. Assetmark Inc. purchased a new position in shares of Texas Capital Bancshares in the fourth quarter worth $32,000. UMB Bank n.a. raised its stake in Texas Capital Bancshares by 1,089.8% during the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock valued at $44,000 after purchasing an additional 534 shares in the last quarter. GAMMA Investing LLC raised its stake in Texas Capital Bancshares by 127.0% during the first quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after purchasing an additional 465 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Texas Capital Bancshares during the fourth quarter valued at $115,000. Hedge funds and other institutional investors own 96.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TCBI shares. Raymond James Financial decreased 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. JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods decreased their price target on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Stephens decreased their price target on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, DA Davidson decreased their price target on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Texas Capital Bancshares has an average rating of "Hold" and an average price target of $78.00.

Insider Buying and Selling

In related news, Director Robert W. Stallings purchased 7,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, June 2nd. The shares were bought at an average price of $19.78 per share, with a total value of $138,460.00. Following the purchase, the director now directly owns 255,913 shares of the company's stock, valued at approximately $5,061,959.14. This represents a 2.81% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 19,300 shares of company stock valued at $846,265 in the last 90 days. Company insiders own 1.72% of the company's stock.

Texas Capital Bancshares Trading Up 0.2%

TCBI stock traded up $0.14 during mid-day trading on Friday, reaching $78.96. 485,691 shares of the stock traded hands, compared to its average volume of 457,484. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a one year low of $56.24 and a one year high of $91.80. The stock has a market capitalization of $3.62 billion, a PE ratio of 45.38, a PEG ratio of 0.88 and a beta of 0.65. The business has a 50-day moving average price of $73.16 and a two-hundred day moving average price of $75.01.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings results 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 9.39% and a net margin of 5.04%. Equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

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.