Nuveen LLC Acquires New Holdings in Texas Capital Bancshares, Inc. $TCBI

Nuveen LLC acquired a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 345,493 shares of the bank's stock, valued at approximately $25,808,000. Nuveen LLC owned 0.75% of Texas Capital Bancshares as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. grew its position in shares of Texas Capital Bancshares by 1,089.8% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the bank's stock valued at $44,000 after purchasing an additional 534 shares during the period. GAMMA Investing LLC grew its position in shares of Texas Capital Bancshares by 127.0% in the 1st quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after purchasing an additional 465 shares during the period. Sterling Capital Management LLC grew its position in shares of Texas Capital Bancshares by 819.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,481 shares of the bank's stock valued at $116,000 after purchasing an additional 1,320 shares during the period. Bayforest Capital Ltd grew its position in shares of Texas Capital Bancshares by 69.7% in the 1st quarter. Bayforest Capital Ltd now owns 2,309 shares of the bank's stock valued at $172,000 after purchasing an additional 948 shares during the period. Finally, United Capital Financial Advisors LLC acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $202,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 10,500 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired at an average price of $20.28 per share, for a total transaction of $212,940.00. Following the purchase, the director owned 60,000 shares in the company, valued at approximately $1,216,800. The trade was a 21.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.72% of the company's stock.

Texas Capital Bancshares Trading Down 0.8%

Shares of Texas Capital Bancshares stock opened at $83.94 on Monday. Texas Capital Bancshares, Inc. has a 12-month low of $59.37 and a 12-month high of $94.61. The stock has a market cap of $3.84 billion, a P/E ratio of 33.31, 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 business's 50 day moving average is $82.38 and its 200-day moving average is $76.50.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The bank reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.35. Texas Capital Bancshares had a return on equity of 10.36% and a net margin of 6.79%. The business had revenue of $307.46 million for the quarter, compared to analysts' expectations of $298.90 million. During the same quarter in the prior year, the business earned $0.80 EPS. Equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Jefferies Financial Group set a $80.00 price objective on Texas Capital Bancshares and gave the company a "hold" rating in a research report on Wednesday, May 21st. Barclays upped their price target on Texas Capital Bancshares from $78.00 to $82.00 and gave the stock an "underweight" rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods upped their price target on Texas Capital Bancshares from $86.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Hovde Group upped their price target on Texas Capital Bancshares from $75.00 to $95.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Finally, Citigroup upped their price target on Texas Capital Bancshares from $69.00 to $79.00 and gave the stock a "sell" rating in a research report on Friday, July 18th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Texas Capital Bancshares has a consensus rating of "Hold" and a consensus price target of $83.50.

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.

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