Cerity Partners LLC Has $790,000 Stock Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Cerity Partners LLC lifted its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 180.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,581 shares of the bank's stock after buying an additional 6,805 shares during the period. Cerity Partners LLC's holdings in Texas Capital Bancshares were worth $790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TCBI. UMB Bank n.a. raised its stake in Texas Capital Bancshares by 1,089.8% during the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock valued at $44,000 after buying an additional 534 shares in the last quarter. GAMMA Investing LLC raised its stake in Texas Capital Bancshares by 127.0% during the first quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after buying an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Texas Capital Bancshares during the fourth quarter valued at approximately $115,000. Sterling Capital Management LLC raised its stake in Texas Capital Bancshares by 819.9% during the fourth 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 in the last quarter. Finally, United Capital Financial Advisors LLC acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 96.88% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TCBI. Stephens dropped their price target on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. DA Davidson decreased their price target on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Jefferies Financial Group set a $80.00 price target on Texas Capital Bancshares and gave the company a "hold" rating in a research note on Wednesday, May 21st. Piper Sandler decreased their price target on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Finally, Raymond James Financial decreased their price target on 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. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Texas Capital Bancshares presently has an average rating of "Hold" and an average target price of $83.50.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 10,500 shares of Texas Capital Bancshares stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased 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 owned 60,000 shares in the company, valued at approximately $1,216,800. This trade represents a 21.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 19,800 shares of company stock worth $397,090 over the last ninety days. 1.72% of the stock is currently owned by company insiders.

Texas Capital Bancshares Stock Down 1.3%

Shares of Texas Capital Bancshares stock traded down $1.13 during midday trading on Friday, hitting $85.30. The company's stock had a trading volume of 775,743 shares, compared to its average volume of 547,715. The firm has a market capitalization of $3.90 billion, a P/E ratio of 33.85, a PEG ratio of 0.79 and a beta of 0.66. The stock has a 50-day simple moving average of $79.41 and a 200-day simple moving average of $76.04. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. Texas Capital Bancshares, Inc. has a 1-year low of $56.24 and a 1-year high of $94.61.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its 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. The business had revenue of $307.46 million during the quarter, compared to analysts' expectations of $298.90 million. Texas Capital Bancshares had a return on equity of 10.36% and a net margin of 6.79%. During the same quarter last year, the firm posted $0.80 earnings per share. As a group, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current 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.