Tectonic Advisors LLC Increases Stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Tectonic Advisors LLC raised its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 33.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,375 shares of the bank's stock after purchasing an additional 8,131 shares during the quarter. Tectonic Advisors LLC owned 0.07% of Texas Capital Bancshares worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Texas Capital Bancshares during the first quarter valued at approximately $528,000. Nomura Holdings Inc. bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth approximately $479,000. Bank of America Corp DE lifted its holdings in shares of Texas Capital Bancshares by 25.0% in the 4th quarter. Bank of America Corp DE now owns 198,906 shares of the bank's stock worth $15,554,000 after acquiring an additional 39,832 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Texas Capital Bancshares in the 1st quarter worth approximately $16,938,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Texas Capital Bancshares by 4.2% in the 1st quarter. Bessemer Group Inc. now owns 247,416 shares of the bank's stock worth $18,482,000 after acquiring an additional 9,953 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 10,500 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average price of $20.28 per share, for a total transaction of $212,940.00. Following the purchase, the director directly owned 60,000 shares of the company's stock, valued at approximately $1,216,800. This represents a 21.21% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders purchased 29,800 shares of company stock valued at $1,059,205. Corporate insiders own 1.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Wall Street Zen upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Sunday. Jefferies Financial Group set a $80.00 price objective on shares of Texas Capital Bancshares and gave the stock a "hold" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price objective on shares of Texas Capital Bancshares from $70.00 to $82.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Finally, DA Davidson lowered their price target on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Texas Capital Bancshares presently has an average rating of "Hold" and an average price target of $79.43.

Texas Capital Bancshares Trading Up 4.5%

Texas Capital Bancshares stock traded up $3.82 during mid-day trading on Thursday, reaching $89.47. 1,457,605 shares of the company traded hands, compared to its average volume of 465,657. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 1.00. The firm's 50 day moving average price is $77.56 and its 200 day moving average price is $75.52. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 51.42, a P/E/G ratio of 0.84 and a beta of 0.66. Texas Capital Bancshares, Inc. has a 52-week low of $56.24 and a 52-week high of $94.61.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results 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. The firm had revenue of $307.46 million for the quarter, compared to the consensus estimate of $298.90 million. Texas Capital Bancshares had a net margin of 5.04% and a return on equity of 9.39%. During the same period in the prior year, the firm earned $0.80 EPS. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

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.