Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stake Boosted by Bessemer Group Inc.

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

Other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its position in Texas Capital Bancshares by 60.6% in the 4th quarter. Sanctuary Advisors LLC now owns 6,958 shares of the bank's stock valued at $552,000 after buying an additional 2,625 shares during the period. Ieq Capital LLC purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $397,000. Amalgamated Bank boosted its holdings in shares of Texas Capital Bancshares by 0.8% in the fourth quarter. Amalgamated Bank now owns 20,791 shares of the bank's stock valued at $1,626,000 after purchasing an additional 166 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Texas Capital Bancshares in the fourth quarter worth approximately $223,000. Finally, Proficio Capital Partners LLC purchased a new position in Texas Capital Bancshares during the 4th quarter worth $1,688,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Up 0.6%

Shares of TCBI stock traded up $0.44 during trading on Monday, reaching $79.40. The company's stock had a trading volume of 346,405 shares, compared to its average volume of 457,040. Texas Capital Bancshares, Inc. has a 1-year low of $56.24 and a 1-year high of $91.80. The stock's 50-day moving average price is $73.46 and its 200 day moving average price is $74.90. 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 company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 45.63, a P/E/G ratio of 0.88 and a beta of 0.65.

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

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 7,000 shares of the stock in a transaction on Monday, June 2nd. The stock was purchased at an average cost of $19.78 per share, with a total value of $138,460.00. Following the purchase, the director owned 255,913 shares of the company's stock, valued at approximately $5,061,959.14. The trade was a 2.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders acquired a total of 19,300 shares of company stock worth $846,265 over the last ninety days. Company insiders own 1.72% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their target price 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. Raymond James Financial lowered their price objective on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. dropped their target price on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Barclays cut their target price on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Hovde Group lowered their price target on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research 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's stock. According to data from MarketBeat, Texas Capital Bancshares presently has an average rating of "Hold" and an average target price of $78.00.

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.