Jane Street Group LLC Has $696,000 Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Jane Street Group LLC decreased its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 93.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,903 shares of the bank's stock after selling 123,769 shares during the quarter. Jane Street Group LLC's holdings in Texas Capital Bancshares were worth $696,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Amalgamated Bank increased its holdings in shares of Texas Capital Bancshares by 0.8% in the fourth quarter. Amalgamated Bank now owns 20,791 shares of the bank's stock valued at $1,626,000 after purchasing an additional 166 shares during the last quarter. Xponance Inc. lifted its position in shares of Texas Capital Bancshares by 4.8% during the fourth quarter. Xponance Inc. now owns 6,569 shares of the bank's stock worth $514,000 after purchasing an additional 300 shares in the last quarter. Savant Capital LLC grew its stake in Texas Capital Bancshares by 5.7% during the 4th quarter. Savant Capital LLC now owns 5,604 shares of the bank's stock worth $438,000 after purchasing an additional 303 shares in the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of Texas Capital Bancshares by 1.9% in the 4th quarter. Beacon Pointe Advisors LLC now owns 18,825 shares of the bank's stock valued at $1,472,000 after purchasing an additional 350 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in Texas Capital Bancshares in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Texas Capital Bancshares Stock Down 0.1%

Shares of TCBI stock traded down $0.05 on Friday, reaching $72.28. 11,983 shares of the company's stock traded hands, compared to its average volume of 450,087. The company has a market capitalization of $3.32 billion, a P/E ratio of 56.35, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. Texas Capital Bancshares, Inc. has a 12-month low of $56.24 and a 12-month high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The business's 50 day moving average price is $69.89 and its two-hundred day moving average price is $76.82.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. The company had revenue of $280.48 million for the quarter, compared to analysts' expectations of $284.40 million. On average, equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TCBI. Piper Sandler dropped their price objective 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. DA Davidson lowered their price target on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a report 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 report on Wednesday, May 21st. Stephens cut their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Three 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $78.00.

Insider Activity at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 4,500 shares of Texas Capital Bancshares stock in a transaction on Monday, April 21st. The stock was bought at an average price of $64.27 per share, with a total value of $289,215.00. Following the completion of the transaction, the director now directly owns 288,131 shares of the company's stock, valued at approximately $18,518,179.37. This represents a 1.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders bought 19,300 shares of company stock valued at $850,815. 1.72% of the stock is owned by corporate insiders.

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.