Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. grew its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,416 shares of the bank's stock after buying an additional 9,953 shares during the quarter. Bessemer Group Inc. owned about 0.54% of Texas Capital Bancshares worth $18,482,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Amalgamated Bank raised its holdings in Texas Capital Bancshares by 0.8% during the fourth quarter. Amalgamated Bank now owns 20,791 shares of the bank's stock worth $1,626,000 after purchasing an additional 166 shares during the last quarter. Moody National Bank Trust Division raised its holdings in Texas Capital Bancshares by 1.5% during the first quarter. Moody National Bank Trust Division now owns 17,626 shares of the bank's stock worth $1,317,000 after purchasing an additional 255 shares during the last quarter. Xponance Inc. raised its holdings in Texas Capital Bancshares by 4.8% during the fourth quarter. Xponance Inc. now owns 6,569 shares of the bank's stock worth $514,000 after purchasing an additional 300 shares during the last quarter. Beacon Pointe Advisors LLC raised its holdings in Texas Capital Bancshares by 1.9% during the fourth quarter. Beacon Pointe Advisors LLC now owns 18,825 shares of the bank's stock worth $1,472,000 after purchasing an additional 350 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in Texas Capital Bancshares during the fourth quarter worth $30,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 500 shares of the stock in a transaction on Wednesday, April 23rd. The stock was purchased at an average price of $68.20 per share, with a total value of $34,100.00. Following the completion of the transaction, the director now owns 289,961 shares in the company, valued at approximately $19,775,340.20. The trade was a 0.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders bought 19,300 shares of company stock valued at $846,265. Company insiders own 1.72% of the company's stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $78.82 on Friday. The company has a market cap of $3.62 billion, a P/E ratio of 45.30, a P/E/G ratio of 0.86 and a beta of 0.65. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. Texas Capital Bancshares, Inc. has a 52 week low of $56.24 and a 52 week high of $91.80. The business has a fifty day simple moving average of $72.90 and a 200-day simple moving average of $75.14.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The business had revenue of $280.48 million during the quarter, compared to analysts' expectations of $284.40 million. Texas Capital Bancshares had a net margin of 5.04% and a return on equity of 9.39%. Equities research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on TCBI. Piper Sandler reduced their price objective on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Barclays reduced their price objective on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Hovde Group reduced their price objective on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods cut their price target on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Three research 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $78.00.

Texas Capital Bancshares Company 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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