Nuveen LLC Invests $25.81 Million in Texas Capital Bancshares, Inc. $TCBI

Nuveen LLC bought a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 345,493 shares of the bank's stock, valued at approximately $25,808,000. Nuveen LLC owned about 0.75% of Texas Capital Bancshares as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in TCBI. Azora Capital LP bought a new position in shares of Texas Capital Bancshares in the fourth quarter worth approximately $25,232,000. SG Americas Securities LLC purchased a new stake in Texas Capital Bancshares in the first quarter worth $16,938,000. Millennium Management LLC lifted its stake in Texas Capital Bancshares by 60.6% in the fourth quarter. Millennium Management LLC now owns 385,477 shares of the bank's stock worth $30,144,000 after acquiring an additional 145,393 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Texas Capital Bancshares in the fourth quarter worth $6,979,000. Finally, Northern Trust Corp lifted its stake in Texas Capital Bancshares by 12.0% in the fourth quarter. Northern Trust Corp now owns 660,478 shares of the bank's stock worth $51,649,000 after acquiring an additional 70,804 shares during the period. Institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Stock Up 4.1%

Shares of TCBI stock traded up $3.42 during mid-day trading on Friday, reaching $87.12. 192,842 shares of the company's stock traded hands, compared to its average volume of 486,875. Texas Capital Bancshares, Inc. has a 12 month low of $59.37 and a 12 month high of $94.61. The company has a market cap of $3.99 billion, a P/E ratio of 34.57, a P/E/G ratio of 0.70 and a beta of 0.65. 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 company's 50-day moving average price is $82.91 and its 200-day moving average price is $76.68.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, July 17th. The bank reported $1.63 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 firm had revenue of $307.46 million for the quarter, compared to analysts' expectations of $298.90 million. During the same quarter in the previous year, the business posted $0.80 EPS. On average, equities analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays raised their price target on Texas Capital Bancshares from $78.00 to $82.00 and gave the stock an "underweight" rating in a research note on Friday, July 18th. Citigroup raised their price target on Texas Capital Bancshares from $69.00 to $79.00 and gave the stock a "sell" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. raised their price target on Texas Capital Bancshares from $70.00 to $82.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 1st. Keefe, Bruyette & Woods raised their price target on Texas Capital Bancshares from $86.00 to $100.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Wall Street Zen raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of "Hold" and a consensus price target of $83.50.

Insider Activity

In related news, Director Robert W. Stallings purchased 10,500 shares of the stock in a transaction dated Wednesday, June 11th. The stock was purchased at an average price of $20.28 per share, with a total value of $212,940.00. Following the transaction, the director directly owned 60,000 shares in the company, valued at $1,216,800. This trade represents a 21.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.72% of the stock is currently owned by corporate insiders.

About Texas Capital Bancshares

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.