Edgestream Partners L.P. Has $9.80 Million Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Edgestream Partners L.P. increased its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,139 shares of the bank's stock after acquiring an additional 29,341 shares during the period. Edgestream Partners L.P. owned about 0.29% of Texas Capital Bancshares worth $9,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in shares of Texas Capital Bancshares during the 4th quarter worth $30,000. Assetmark Inc. acquired a new position in Texas Capital Bancshares during the fourth quarter worth $32,000. UMB Bank n.a. increased its position in Texas Capital Bancshares by 1,089.8% during the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock worth $44,000 after buying an additional 534 shares during the last quarter. GAMMA Investing LLC raised its holdings in Texas Capital Bancshares by 127.0% during the first quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after buying an additional 465 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter worth about $115,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Texas Capital Bancshares Stock Performance

TCBI stock traded up $3.82 during trading on Thursday, reaching $89.47. 1,457,605 shares of the stock were exchanged, compared to its average volume of 463,828. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $94.61. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $4.11 billion, a P/E ratio of 51.42, a price-to-earnings-growth ratio of 0.85 and a beta of 0.66. The stock has a 50 day simple moving average of $77.90 and a 200-day simple moving average of $75.60.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.35. The company had revenue of $307.46 million during the quarter, compared to the consensus estimate of $298.90 million. Texas Capital Bancshares had a return on equity of 9.39% and a net margin of 5.04%. During the same quarter last year, the company earned $0.80 EPS. As a group, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 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, 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. This represents a 21.21% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders acquired 29,800 shares of company stock valued at $1,059,205 over the last three months. 1.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TCBI. Jefferies Financial Group set a $80.00 price objective on Texas Capital Bancshares and gave the company a "hold" rating in a research note on Wednesday, May 21st. Raymond James Financial dropped 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. Hovde Group reduced their price objective on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Piper Sandler lowered their target price on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Finally, Barclays boosted their target price on shares of Texas Capital Bancshares from $70.00 to $78.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Texas Capital Bancshares presently has a consensus rating of "Hold" and an average price target of $79.43.

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.