Advantage Alpha Capital Partners LP Sells 5,050 Shares of Texas Capital Bancshares, Inc. $TCBI

Key Points

• Advantage Alpha Capital Partners LP significantly reduced its holdings in Texas Capital Bancshares by 60.8%, selling 5,050 shares and now owning 3,252 shares valued at $243,000.
• Multiple institutional investors increased their stakes in Texas Capital Bancshares, with UMB Bank raising its investment by 1,089.8%, and GAMMA Investing LLC increasing its stake by 127.0%.
• Texas Capital Bancshares reported earnings of $1.63 per share for the quarter, surpassing analyst estimates, with a revenue of $307.46 million compared to expected figures of $298.90 million.

Advantage Alpha Capital Partners LP cut its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 60.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,252 shares of the bank's stock after selling 5,050 shares during the period. Advantage Alpha Capital Partners LP's holdings in Texas Capital Bancshares were worth $243,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Texas Capital Bancshares by 1,089.8% in the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock worth $44,000 after purchasing an additional 534 shares during the period. GAMMA Investing LLC increased its stake in shares of Texas Capital Bancshares by 127.0% in the first quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock worth $62,000 after purchasing an additional 465 shares during the period. Bayforest Capital Ltd increased its stake in shares of Texas Capital Bancshares by 69.7% in the first quarter. Bayforest Capital Ltd now owns 2,309 shares of the bank's stock worth $172,000 after purchasing an additional 948 shares during the period. Mariner LLC bought a new position in Texas Capital Bancshares during the fourth quarter valued at about $205,000. Finally, Teza Capital Management LLC bought a new position in Texas Capital Bancshares during the fourth quarter valued at about $207,000. 96.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TCBI shares. Citigroup boosted their price target on Texas Capital Bancshares from $69.00 to $79.00 and gave the company a "sell" rating in a research note on Friday, July 18th. Hovde Group boosted their price target on Texas Capital Bancshares from $75.00 to $95.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. boosted their price target on Texas Capital Bancshares from $70.00 to $82.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Keefe, Bruyette & Woods boosted their price target on Texas Capital Bancshares from $86.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, Jefferies Financial Group set a $80.00 price target on Texas Capital Bancshares and gave the company a "hold" rating in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $83.50.

Texas Capital Bancshares Trading Up 4.5%

TCBI stock opened at $87.50 on Friday. Texas Capital Bancshares, Inc. has a 1-year low of $59.37 and a 1-year high of $94.61. The firm has a market cap of $4.00 billion, a P/E ratio of 34.72, a P/E/G ratio of 0.70 and a beta of 0.65. The business's 50 day moving average is $83.16 and its 200-day moving average is $76.73. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The bank reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.35. Texas Capital Bancshares had a return on equity of 10.36% and a net margin of 6.79%.The company had revenue of $307.46 million for the quarter, compared to analyst estimates of $298.90 million. During the same period in the prior year, the company posted $0.80 EPS. Equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 10,500 shares of Texas Capital Bancshares stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average cost of $20.28 per share, with a total value of $212,940.00. Following the acquisition, the director directly owned 60,000 shares of the company's stock, valued at $1,216,800. The trade was a 21.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.72% of the company's stock.

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.

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