Texas Capital Bancshares, Inc. $TCBI Shares Purchased by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. increased its stake in Texas Capital Bancshares by 298.4%, acquiring an additional 57,116 shares, bringing its total holdings to 76,255 shares valued at approximately $5.7 million.
• Director Robert W. Stallings purchased 10,500 shares, increasing his ownership by 21.21%, reflecting confidence in the bank's performance.
• Texas Capital Bancshares reported an EPS of $1.63 for the last quarter, exceeding analyst expectations and showing significant growth compared to the previous year.

Capital Fund Management S.A. raised its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 298.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,255 shares of the bank's stock after purchasing an additional 57,116 shares during the quarter. Capital Fund Management S.A. owned about 0.17% of Texas Capital Bancshares worth $5,696,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in Texas Capital Bancshares in the first quarter valued at $528,000. Texas Capital Bank Wealth Management Services Inc increased its stake in Texas Capital Bancshares by 2,249.3% in the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 249,401 shares of the bank's stock valued at $18,630,000 after purchasing an additional 238,785 shares during the period. Nomura Holdings Inc. acquired a new position in Texas Capital Bancshares in the fourth quarter valued at $479,000. Bank of America Corp DE increased its stake in Texas Capital Bancshares by 25.0% in the fourth quarter. Bank of America Corp DE now owns 198,906 shares of the bank's stock valued at $15,554,000 after purchasing an additional 39,832 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Texas Capital Bancshares in the first quarter valued at $16,938,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Texas Capital Bancshares Price Performance

TCBI stock traded up $0.58 during trading on Wednesday, reaching $87.27. 292,914 shares of the company were exchanged, compared to its average volume of 491,906. The company has a market cap of $3.99 billion, a P/E ratio of 34.58, a PEG ratio of 0.72 and a beta of 0.65. Texas Capital Bancshares, Inc. has a 52-week low of $59.37 and a 52-week high of $94.61. The stock's 50 day moving average price is $83.61 and its 200 day moving average price is $76.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The bank reported $1.63 EPS for the quarter, beating the consensus estimate of $1.28 by $0.35. Texas Capital Bancshares had a net margin of 6.79% and a return on equity of 10.36%. The business 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 business earned $0.80 earnings per share. As a group, analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert W. Stallings bought 10,500 shares of the stock in a transaction on Wednesday, June 11th. The shares were purchased at an average price of $20.28 per share, for a total transaction of $212,940.00. Following the acquisition, the director owned 60,000 shares in the company, valued at $1,216,800. This represents a 21.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.72% of the company's stock.

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.