3,823 Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC acquired a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,823 shares of the bank's stock, valued at approximately $286,000.

Other large investors also recently modified their holdings of the company. Picton Mahoney Asset Management acquired a new position in shares of Texas Capital Bancshares during the 4th quarter valued at $30,000. Assetmark Inc. bought a new stake in Texas Capital Bancshares in the fourth quarter valued at $32,000. Venturi Wealth Management LLC bought a new stake in Texas Capital Bancshares in the fourth quarter valued at $37,000. UMB Bank n.a. raised its holdings in shares of Texas Capital Bancshares by 1,089.8% during the first 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. Finally, Aster Capital Management DIFC Ltd bought a new position in Texas Capital Bancshares in the fourth quarter worth approximately $115,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Insider Buying and Selling

In other news, Director Robert W. Stallings acquired 7,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were bought at an average cost of $19.78 per share, with a total value of $138,460.00. Following the acquisition, the director now owns 255,913 shares in the company, valued at approximately $5,061,959.14. This represents a 2.81% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders purchased 19,300 shares of company stock worth $846,265. Corporate insiders own 1.72% of the company's stock.

Texas Capital Bancshares Price Performance

Shares of TCBI stock traded down $0.68 during trading on Tuesday, hitting $74.86. The company had a trading volume of 385,161 shares, compared to its average volume of 459,254. The stock's 50-day moving average is $71.10 and its two-hundred day moving average is $75.57. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 43.02, a price-to-earnings-growth ratio of 0.84 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 0.21. Texas Capital Bancshares, Inc. has a 52 week low of $56.24 and a 52 week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly 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 company had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a return on equity of 9.39% and a net margin of 5.04%. As a group, analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TCBI. Hovde Group reduced 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. DA Davidson decreased their target price on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Raymond James Financial dropped their price objective on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Barclays decreased their price objective on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Finally, Stephens lowered their target price on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $78.00.

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.