Cwm LLC Has $773,000 Stock Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

CWM LLC grew its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 420.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,343 shares of the bank's stock after purchasing an additional 8,357 shares during the period. CWM LLC's holdings in Texas Capital Bancshares were worth $773,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Texas Capital Bancshares in the fourth quarter worth about $784,000. Cibc World Markets Corp acquired a new position in Texas Capital Bancshares during the 4th quarter worth $339,000. Xponance Inc. increased its stake in shares of Texas Capital Bancshares by 4.8% in the 4th quarter. Xponance Inc. now owns 6,569 shares of the bank's stock valued at $514,000 after buying an additional 300 shares during the period. Sei Investments Co. raised its position in shares of Texas Capital Bancshares by 7.9% during the fourth quarter. Sei Investments Co. now owns 74,367 shares of the bank's stock worth $5,815,000 after acquiring an additional 5,442 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Texas Capital Bancshares during the fourth quarter valued at $735,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Analysts Set New Price Targets

TCBI has been the subject of a number of research reports. Wall Street Zen upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Citigroup raised their price objective on shares of Texas Capital Bancshares from $69.00 to $79.00 and gave the company a "sell" rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods raised their price target on Texas Capital Bancshares from $86.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Raymond James Financial dropped their price objective on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Finally, DA Davidson lowered their price target on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of "Hold" and an average price target of $83.50.

Insider Buying and Selling

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 stock was bought at an average cost of $20.28 per share, for a total transaction of $212,940.00. Following the purchase, the director owned 60,000 shares of the company's stock, valued at $1,216,800. The trade was a 21.21% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 19,800 shares of company stock valued at $397,090 in the last ninety days. Company insiders own 1.72% of the company's stock.

Texas Capital Bancshares Stock Down 1.3%

TCBI traded down $1.13 during trading hours on Friday, hitting $85.30. 775,743 shares of the company's stock were exchanged, compared to its average volume of 547,715. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 0.78 and a beta of 0.66. Texas Capital Bancshares, Inc. has a 1-year low of $56.24 and a 1-year high of $94.61. The stock's 50-day moving average is $79.41 and its two-hundred day moving average is $76.04. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, July 17th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.35. The business had revenue of $307.46 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.80 earnings per share. Sell-side analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Texas Capital Bancshares Company 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.