T. Rowe Price Investment Management Inc. Has $248.94 Million Stock Holdings in Texas Capital Bancshares, Inc. $TCBI

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Texas Capital Bancshares by 0.8%, now owning 3,332,471 shares worth approximately $248.94 million.
• Texas Capital Bancshares reported $1.63 earnings per share for the last quarter, exceeding analyst expectations of $1.28, with a net margin of 6.79% and revenue of $307.46 million.
• The stock currently has an average analyst rating of "Hold" with a consensus target price of $83.50, reflecting varied sentiment among twelve research analysts.

T. Rowe Price Investment Management Inc. raised its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,332,471 shares of the bank's stock after buying an additional 26,786 shares during the quarter. T. Rowe Price Investment Management Inc. owned 7.26% of Texas Capital Bancshares worth $248,936,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TCBI. UMB Bank n.a. increased its stake in 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 buying an additional 534 shares during the period. GAMMA Investing LLC increased its stake in 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 buying an additional 465 shares during the period. Sterling Capital Management LLC increased its stake in 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 buying an additional 1,320 shares during the period. Bayforest Capital Ltd raised its stake in shares of Texas Capital Bancshares by 69.7% during the 1st quarter. Bayforest Capital Ltd now owns 2,309 shares of the bank's stock worth $172,000 after purchasing an additional 948 shares in the last quarter. Finally, United Capital Financial Advisors LLC purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $202,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $84.09 on Thursday. The firm has a fifty day simple moving average of $82.77 and a 200-day simple moving average of $76.63. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. Texas Capital Bancshares, Inc. has a 1-year low of $59.37 and a 1-year high of $94.61. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 0.70 and a beta of 0.65.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The bank reported $1.63 earnings per share for the quarter, topping 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 business had revenue of $307.46 million during the quarter, compared to analysts' expectations of $298.90 million. During the same period in the previous year, the company earned $0.80 earnings per share. On average, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 10,500 shares of Texas Capital Bancshares stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average cost of $20.28 per share, for a total transaction of $212,940.00. Following the completion of the purchase, the director owned 60,000 shares of the company's stock, valued at $1,216,800. This represents a 21.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TCBI shares. Citigroup increased their price objective on Texas Capital Bancshares from $69.00 to $79.00 and gave the stock a "sell" rating in a report on Friday, July 18th. Wall Street Zen upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Jefferies Financial Group set a $80.00 target price on shares of Texas Capital Bancshares and gave the company a "hold" rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods lifted their target price on shares of Texas Capital Bancshares from $86.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, Barclays lifted their target price on shares of Texas Capital Bancshares from $78.00 to $82.00 and gave the company an "underweight" rating in a research note on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $83.50.

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.

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