Quantinno Capital Management LP Has $3.29 Million Stake in Texas Capital Bancshares, Inc. $TCBI

Key Points

• Quantinno Capital Management increased its Texas Capital Bancshares stake by 288.1% in the first quarter, holding 34,729 shares valued at approximately $3.29 million. Institutional investors collectively own 96.88% of the company.
• Texas Capital Bancshares beat quarterly earnings expectations, reporting $1.88 in EPS and $335.5 million in revenue, with revenue up 9.1% year over year.
• The stock was trading near $99.33, while analysts maintained a consensus “Hold” rating with a $105.83 price target; the company also declared a quarterly dividend of $0.20 per share.

Quantinno Capital Management LP increased its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 288.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,729 shares of the bank's stock after purchasing an additional 25,781 shares during the quarter. Quantinno Capital Management LP owned approximately 0.08% of Texas Capital Bancshares worth $3,295,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. lifted its position in Texas Capital Bancshares by 1.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,376,880 shares of the bank's stock worth $305,743,000 after buying an additional 43,003 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Texas Capital Bancshares by 16.4% in the fourth quarter. AQR Capital Management LLC now owns 2,234,678 shares of the bank's stock worth $202,328,000 after acquiring an additional 315,484 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Texas Capital Bancshares by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,197,494 shares of the bank's stock worth $108,436,000 after acquiring an additional 33,709 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Texas Capital Bancshares by 2.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank's stock worth $76,740,000 after acquiring an additional 18,258 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Texas Capital Bancshares by 2.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 596,149 shares of the bank's stock valued at $53,975,000 after purchasing an additional 12,486 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Performance

TCBI opened at $99.33 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $4.32 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.21 and a beta of 0.68. The stock has a 50-day moving average of $101.45 and a 200-day moving average of $99.72. Texas Capital Bancshares, Inc. has a 52-week low of $75.41 and a 52-week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $0.01. Texas Capital Bancshares had a return on equity of 10.86% and a net margin of 17.90%.The business had revenue of $335.50 million for the quarter, compared to the consensus estimate of $333.37 million. During the same period last year, the business earned $1.63 EPS. The firm's revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Texas Capital Bancshares, Inc. will post 7.39 earnings per share for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. Texas Capital Bancshares's dividend payout ratio (DPR) is currently 10.40%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TCBI shares. Citigroup upped their target price on Texas Capital Bancshares from $105.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Stephens lowered their price target on Texas Capital Bancshares from $116.00 to $112.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. Wall Street Zen downgraded Texas Capital Bancshares from a "hold" rating to a "sell" rating in a report on Saturday, June 27th. Piper Sandler raised their price objective on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, April 24th. Finally, Barclays upgraded shares of Texas Capital Bancshares from an "underweight" rating to an "equal weight" rating and set a $100.00 target price for the company in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $105.83.

Insider Transactions at Texas Capital Bancshares

In other news, CEO Rob C. Holmes sold 49,500 shares of the business's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $101.22, for a total value of $5,010,390.00. Following the completion of the sale, the chief executive officer directly owned 167,635 shares in the company, valued at approximately $16,968,014.70. The trade was a 22.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anna M. Alvarado sold 3,500 shares of the firm's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the completion of the transaction, the insider owned 23,810 shares in the company, valued at $2,403,619.50. The trade was a 12.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 104,145 shares of company stock worth $10,570,584. 1.91% of the stock is owned by insiders.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.

Want to see what other hedge funds are holding TCBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report).

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