Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Tectonic Advisors LLC

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

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of Texas Capital Bancshares by 1.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,838 shares of the bank's stock worth $810,000 after purchasing an additional 207 shares during the period. Moody National Bank Trust Division raised its position in Texas Capital Bancshares by 1.5% in the 1st quarter. Moody National Bank Trust Division now owns 17,626 shares of the bank's stock valued at $1,317,000 after purchasing an additional 255 shares in the last quarter. Xponance Inc. raised its position in Texas Capital Bancshares by 4.8% in the 4th quarter. Xponance Inc. now owns 6,569 shares of the bank's stock valued at $514,000 after purchasing an additional 300 shares in the last quarter. Beacon Pointe Advisors LLC raised its position in Texas Capital Bancshares by 1.9% in the 4th quarter. Beacon Pointe Advisors LLC now owns 18,825 shares of the bank's stock valued at $1,472,000 after purchasing an additional 350 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $30,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Texas Capital Bancshares Trading Up 0.3%

Texas Capital Bancshares stock traded up $0.26 during trading on Friday, hitting $89.73. The company's stock had a trading volume of 808,675 shares, compared to its average volume of 465,202. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 51.57, a P/E/G ratio of 0.85 and a beta of 0.66. The stock's fifty day moving average is $77.90 and its 200 day moving average is $75.60. Texas Capital Bancshares, Inc. has a 1-year low of $56.24 and a 1-year high of $94.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.00 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The bank reported $1.63 EPS for the quarter, topping the consensus estimate of $1.28 by $0.35. Texas Capital Bancshares had a return on equity of 9.39% and a net margin of 5.04%. The company had revenue of $307.46 million during the quarter, compared to analyst estimates of $298.90 million. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 10,500 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was bought at an average price of $20.28 per share, with a total value of $212,940.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 29,800 shares of company stock valued at $1,059,205 over the last ninety days. 1.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Raymond James Financial cut their target price on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. lifted their target price on Texas Capital Bancshares from $70.00 to $82.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Piper Sandler lowered their target price on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Barclays lifted their target price on Texas Capital Bancshares from $78.00 to $82.00 and gave the company an "underweight" rating in a research note on Friday. Finally, Hovde Group lifted their target price on Texas Capital Bancshares from $75.00 to $95.00 and gave the company a "market perform" rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Texas Capital Bancshares presently has an average rating of "Hold" and an average price target of $82.50.

About Texas Capital Bancshares

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.