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

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

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in Texas Capital Bancshares by 4.2% in the first quarter. Bessemer Group Inc. now owns 247,416 shares of the bank's stock valued at $18,482,000 after purchasing an additional 9,953 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Texas Capital Bancshares during the 1st quarter valued at $528,000. SG Americas Securities LLC acquired a new stake in shares of Texas Capital Bancshares during the 1st quarter worth $16,938,000. GAMMA Investing LLC raised its position in shares of Texas Capital Bancshares by 127.0% in the 1st quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock worth $62,000 after buying an additional 465 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new position in Texas Capital Bancshares in the first quarter valued at $286,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on TCBI shares. JPMorgan Chase & Co. upped their price target on Texas Capital Bancshares from $70.00 to $82.00 and gave the stock an "underweight" rating in a research note on Tuesday. Raymond James Financial reduced 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 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 research note on Monday, April 21st. Jefferies Financial Group set a $80.00 target price on shares of Texas Capital Bancshares and gave the company a "hold" rating in a research note on Wednesday, May 21st. Finally, Piper Sandler decreased their price target on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $78.86.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 7,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were acquired at an average cost of $19.78 per share, with a total value of $138,460.00. Following the transaction, the director owned 255,913 shares in the company, valued at approximately $5,061,959.14. The trade was a 2.81% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders purchased 19,300 shares of company stock valued at $846,265. 1.72% of the stock is currently owned by company insiders.

Texas Capital Bancshares Stock Up 2.0%

Shares of Texas Capital Bancshares stock traded up $1.66 on Wednesday, hitting $84.26. 409,664 shares of the company's stock traded hands, compared to its average volume of 457,151. Texas Capital Bancshares, Inc. has a 52-week low of $56.24 and a 52-week high of $91.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. The stock has a market cap of $3.87 billion, a P/E ratio of 48.43, a PEG ratio of 0.88 and a beta of 0.66. The firm's 50-day moving average is $73.80 and its 200 day moving average is $74.96.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings data 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). Texas Capital Bancshares had a return on equity of 9.39% and a net margin of 5.04%. The company had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. Equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share 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.