GAMMA Investing LLC Has $4.64 Million Stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

GAMMA Investing LLC boosted its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 16,860.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,076 shares of the bank's stock after buying an additional 61,710 shares during the quarter. GAMMA Investing LLC owned approximately 0.13% of Texas Capital Bancshares worth $4,637,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moody National Bank Trust Division lifted its holdings in Texas Capital Bancshares by 1.5% during the first quarter. Moody National Bank Trust Division now owns 17,626 shares of the bank's stock valued at $1,317,000 after purchasing an additional 255 shares in the last quarter. 111 Capital purchased a new position in Texas Capital Bancshares during the fourth quarter valued at $249,000. Public Employees Retirement System of Ohio purchased a new position in Texas Capital Bancshares during the fourth quarter valued at $2,815,000. GTS Securities LLC purchased a new position in shares of Texas Capital Bancshares in the fourth quarter worth about $327,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Texas Capital Bancshares by 16.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,223 shares of the bank's stock worth $6,508,000 after buying an additional 11,820 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company's stock.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 500 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was purchased at an average cost of $68.20 per share, for a total transaction of $34,100.00. Following the transaction, the director now owns 289,961 shares of the company's stock, valued at $19,775,340.20. The trade was a 0.17% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 19,300 shares of company stock valued at $846,265 over the last three months. Company insiders own 1.72% of the company's stock.

Wall Street Analyst Weigh In

TCBI has been the topic of several research reports. DA Davidson decreased their price target on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Hovde Group dropped 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 report on Monday, April 21st. Piper Sandler dropped their price objective on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. dropped their price objective on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Finally, Raymond James dropped their price objective on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Three equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $78.00.

Texas Capital Bancshares Stock Performance

Shares of TCBI traded down $1.29 during trading hours on Friday, reaching $75.36. 455,897 shares of the company's stock traded hands, compared to its average volume of 459,232. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 58.88, a P/E/G ratio of 0.75 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $91.80. The business's fifty day simple moving average is $70.66 and its two-hundred day simple moving average is $75.85.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The firm had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Analysts predict 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.