GTS Securities LLC Purchases New Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

GTS Securities LLC acquired a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,182 shares of the bank's stock, valued at approximately $327,000.

Several other large investors have also recently made changes to their positions in TCBI. Nomura Holdings Inc. acquired a new position in Texas Capital Bancshares in the 4th quarter valued at about $479,000. Bank of America Corp DE grew its holdings in shares of Texas Capital Bancshares by 25.0% in the fourth quarter. Bank of America Corp DE now owns 198,906 shares of the bank's stock valued at $15,554,000 after purchasing an additional 39,832 shares in the last quarter. US Bancorp DE grew its holdings in shares of Texas Capital Bancshares by 1,575.0% in the fourth quarter. US Bancorp DE now owns 10,519 shares of the bank's stock valued at $823,000 after purchasing an additional 9,891 shares in the last quarter. Victory Capital Management Inc. increased its stake in Texas Capital Bancshares by 37.5% during the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock worth $7,538,000 after buying an additional 26,294 shares during the period. Finally, Millennium Management LLC lifted its holdings in Texas Capital Bancshares by 60.6% during the 4th quarter. Millennium Management LLC now owns 385,477 shares of the bank's stock worth $30,144,000 after buying an additional 145,393 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Down 0.3%

NASDAQ:TCBI traded down $0.22 during midday trading on Monday, hitting $71.47. 344,539 shares of the company were exchanged, compared to its average volume of 451,414. Texas Capital Bancshares, Inc. has a fifty-two week low of $56.24 and a fifty-two week high of $91.80. The company has a market capitalization of $3.28 billion, a PE ratio of 55.84, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $69.68 and a 200 day simple moving average of $76.42.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.92 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%. As a group, equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TCBI has been the subject of several research reports. DA Davidson dropped their price target on shares of 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. Piper Sandler lowered their target price on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Jefferies Financial Group set a $80.00 price target on Texas Capital Bancshares and gave the company a "hold" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. decreased their price objective on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, Barclays lowered their price objective on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $78.00.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was purchased at an average price of $67.76 per share, for a total transaction of $338,800.00. Following the purchase, the director now directly owns 90,039 shares in the company, valued at approximately $6,101,042.64. This trade represents a 5.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 19,300 shares of company stock valued at $850,815 over the last quarter. Company insiders own 1.72% of the company's stock.

Texas Capital Bancshares 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.