Sendero Wealth Management LLC Makes New $1.32 Million Investment in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Sendero Wealth Management LLC bought a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,600 shares of the bank's stock, valued at approximately $1,315,000.

Other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management acquired a new position in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $30,000. Assetmark Inc. acquired a new position in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $32,000. Venturi Wealth Management LLC acquired a new position in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $37,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $115,000. Finally, Sterling Capital Management LLC increased its holdings in shares of Texas Capital Bancshares by 819.9% in the fourth 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. Institutional investors and hedge funds own 96.88% of the company's stock.

Texas Capital Bancshares Price Performance

TCBI traded up $3.68 during trading on Friday, reaching $76.05. 1,019,033 shares of the stock were exchanged, compared to its average volume of 455,054. The business's 50 day moving average price is $69.59 and its two-hundred day moving average price is $76.15. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 59.41, a P/E/G ratio of 0.75 and a beta of 0.65. Texas Capital Bancshares, Inc. has a 1 year low of $56.24 and a 1 year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $284.40 million. As a group, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insider Activity

In related news, Director Robert W. Stallings acquired 500 shares of Texas Capital Bancshares stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average cost of $68.20 per share, for a total transaction of $34,100.00. Following the completion of the transaction, the director now directly owns 289,961 shares of the company's stock, valued at $19,775,340.20. The trade was a 0.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased 19,300 shares of company stock worth $846,265 over the last three months. 1.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped their target price on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. DA Davidson dropped their price objective on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Stephens dropped their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Barclays dropped their price objective on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, Jefferies Financial Group set a $80.00 price objective on Texas Capital Bancshares and gave the stock a "hold" rating in a report on Wednesday, May 21st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $78.00.

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.