Fox Run Management L.L.C. Acquires Shares of 7,415 Texas Capital Bancshares, Inc. $TCBI

Key Points

• Fox Run Management L.L.C. acquired 7,415 shares of Texas Capital Bancshares, Inc. valued at approximately $554,000 during the first quarter of the year.
• Texas Capital Bancshares reported $1.63 earnings per share (EPS) for the last quarter, exceeding analysts' estimates of $1.28 by $0.35 and generating revenue of $307.46 million.
• Barclays and JPMorgan Chase & Co. both raised their price targets on Texas Capital Bancshares, with Barclays increasing from $78.00 to $82.00 and JPMorgan adjusting their target from $70.00 to $82.00.

Fox Run Management L.L.C. acquired a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,415 shares of the bank's stock, valued at approximately $554,000.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in shares of Texas Capital Bancshares by 1.9% in the 1st quarter. Russell Investments Group Ltd. now owns 69,719 shares of the bank's stock worth $5,208,000 after buying an additional 1,276 shares during the period. Nuveen LLC purchased a new position in shares of Texas Capital Bancshares during the first quarter valued at $25,808,000. Wolverine Asset Management LLC raised its holdings in shares of Texas Capital Bancshares by 36.9% in the first quarter. Wolverine Asset Management LLC now owns 71,915 shares of the bank's stock valued at $5,372,000 after acquiring an additional 19,398 shares in the last quarter. Headlands Technologies LLC lifted its stake in Texas Capital Bancshares by 167.8% in the first quarter. Headlands Technologies LLC now owns 9,762 shares of the bank's stock worth $729,000 after acquiring an additional 6,117 shares during the period. Finally, Jupiter Asset Management Ltd. grew its holdings in Texas Capital Bancshares by 47.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 152,459 shares of the bank's stock worth $11,389,000 after acquiring an additional 49,129 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 10,500 shares of the stock in a transaction on Wednesday, June 11th. The stock was bought at an average price of $20.28 per share, with a total value of $212,940.00. Following the transaction, the director owned 60,000 shares in the company, 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. 1.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TCBI shares. Barclays boosted their price target on shares of Texas Capital Bancshares from $78.00 to $82.00 and gave the company an "underweight" rating in a report on Friday, July 18th. 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. Jefferies Financial Group set a $80.00 target price on Texas Capital Bancshares and gave the company a "hold" rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods lifted their price target on Texas Capital Bancshares from $86.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price target on Texas Capital Bancshares from $70.00 to $82.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $83.50.

Texas Capital Bancshares Stock Performance

TCBI stock traded up $0.50 during trading on Wednesday, reaching $84.09. The company had a trading volume of 386,096 shares, compared to its average volume of 418,772. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 0.70 and a beta of 0.65. Texas Capital Bancshares, Inc. has a twelve month low of $59.37 and a twelve month high of $94.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50-day simple moving average of $82.77 and a 200-day simple moving average of $76.63.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly 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. 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 quarter in the prior year, the business posted $0.80 EPS. As a group, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current 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.