Cwm LLC Boosts Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Cwm LLC lifted its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 420.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,343 shares of the bank's stock after purchasing an additional 8,357 shares during the quarter. Cwm LLC's holdings in Texas Capital Bancshares were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Texas Capital Bancshares during the 4th quarter valued at approximately $42,050,000. Azora Capital LP purchased a new position in Texas Capital Bancshares in the 4th quarter worth approximately $25,232,000. SG Americas Securities LLC purchased a new position in Texas Capital Bancshares in the 1st quarter worth approximately $16,938,000. Millennium Management LLC lifted its holdings in Texas Capital Bancshares by 60.6% in the 4th quarter. Millennium Management LLC now owns 385,477 shares of the bank's stock worth $30,144,000 after purchasing an additional 145,393 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Texas Capital Bancshares by 22.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank's stock worth $58,246,000 after purchasing an additional 138,734 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Stock Down 0.0%

Shares of TCBI stock opened at $89.43 on Wednesday. The stock has a 50 day moving average of $78.23 and a 200 day moving average of $75.66. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The stock has a market cap of $4.09 billion, a P/E ratio of 35.49, a P/E/G ratio of 0.84 and a beta of 0.66. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $94.61.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The bank reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.35. The business had revenue of $307.46 million during the quarter, compared to analysts' expectations of $298.90 million. Texas Capital Bancshares had a return on equity of 10.36% and a net margin of 6.79%. During the same period in the previous year, the business earned $0.80 earnings per share. As a group, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 10,500 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of $20.28 per share, with a total value of $212,940.00. Following the purchase, the director directly owned 60,000 shares in the company, valued at approximately $1,216,800. This trade represents a 21.21% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired a total of 24,800 shares of company stock worth $735,890 over the last quarter. Insiders own 1.72% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Stephens decreased their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Wall Street Zen raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Barclays upped their price objective on Texas Capital Bancshares from $78.00 to $82.00 and gave the company an "underweight" rating in a research report on Friday, July 18th. Citigroup upped their price objective on Texas Capital Bancshares from $69.00 to $79.00 and gave the company a "sell" rating in a research report on Friday, July 18th. Finally, Keefe, Bruyette & Woods upped their price objective on Texas Capital Bancshares from $86.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $83.50.

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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