Faithward Advisors LLC Purchases New Position in Texas Capital Bancshares, Inc. $TCBI

Key Points

• Faithward Advisors LLC purchased a new stake in Texas Capital Bancshares (NASDAQ:TCBI) of 45,154 shares valued at about $3.817 million, representing roughly 0.10% ownership.
• Texas Capital Bancshares recently beat quarterly estimates with EPS of $2.08 vs. $1.78 and revenue of $327.48M vs. $324.09M, and analysts project about 5.84 EPS for the current year.
• Analyst sentiment is mixed: MarketBeat shows a consensus rating of "Hold" with a $101.17 target, though some firms have raised ratings and targets (e.g., Zacks to strong-buy) and the street breakdown includes 1 Strong Buy, 4 Buy, 6 Hold and 3 Sell.

Faithward Advisors LLC purchased a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 45,154 shares of the bank's stock, valued at approximately $3,817,000. Faithward Advisors LLC owned approximately 0.10% of Texas Capital Bancshares as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Danske Bank A S bought a new position in shares of Texas Capital Bancshares in the third quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new position in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $32,000. Cullen Frost Bankers Inc. bought a new stake in Texas Capital Bancshares during the 3rd quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd grew its position in Texas Capital Bancshares by 793.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the bank's stock worth $45,000 after acquiring an additional 476 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in Texas Capital Bancshares by 106.8% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the bank's stock valued at $54,000 after purchasing an additional 332 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TCBI shares. Zacks Research raised Texas Capital Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 2nd. Stephens raised their target price on Texas Capital Bancshares from $111.00 to $114.00 and gave the company an "overweight" rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. DA Davidson upped their price target on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. Finally, Hovde Group increased their price objective on shares of Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a "market perform" rating in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $101.17.

Texas Capital Bancshares Price Performance

Shares of TCBI stock opened at $91.47 on Wednesday. The stock has a 50-day moving average price of $98.73 and a 200 day moving average price of $91.61. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.44 and a beta of 0.66. Texas Capital Bancshares, Inc. has a 12 month low of $59.37 and a 12 month high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.30. The company had revenue of $327.48 million for the quarter, compared to the consensus estimate of $324.09 million. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. During the same period in the prior year, the company posted $1.43 EPS. Research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Laura L. Whitley bought 500 shares of the stock in a transaction on Monday, January 26th. The stock was purchased at an average price of $97.51 per share, with a total value of $48,755.00. Following the acquisition, the director owned 7,961 shares of the company's stock, valued at approximately $776,277.11. The trade was a 6.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Stallings bought 5,500 shares of the company's stock in a transaction on Friday, March 6th. The shares were acquired at an average price of $22.80 per share, with a total value of $125,400.00. Following the transaction, the director directly owned 175,087 shares in the company, valued at approximately $3,991,983.60. The trade was a 3.24% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 49,500 shares of company stock valued at $1,252,855 over the last ninety days. Insiders own 1.72% of the company's stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.

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