Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 41.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,221 shares of the bank's stock after acquiring an additional 4,443 shares during the quarter. ProShare Advisors LLC's holdings in Texas Capital Bancshares were worth $1,190,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new stake in Texas Capital Bancshares in the fourth quarter valued at approximately $30,000. Assetmark Inc. acquired a new stake in shares of Texas Capital Bancshares during the fourth quarter worth approximately $32,000. Venturi Wealth Management LLC acquired a new stake in shares of Texas Capital Bancshares during the fourth quarter worth approximately $37,000. R Squared Ltd acquired a new stake in shares of Texas Capital Bancshares during the fourth quarter worth approximately $41,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Texas Capital Bancshares during the fourth quarter worth approximately $115,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $72.05 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $3.31 billion, a PE ratio of 56.29, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. Texas Capital Bancshares, Inc. has a 12-month low of $56.24 and a 12-month high of $91.80. The business's fifty day moving average price is $70.30 and its 200 day moving average price is $77.22.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The company had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Equities research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. DA Davidson decreased 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 research report on Monday, April 21st. Raymond James decreased their price target on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Wall Street Zen raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods decreased their price target on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $78.00.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 5,000 shares of the business's stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $67.76 per share, for a total transaction of $338,800.00. Following the completion of the purchase, the director now owns 90,039 shares of the company's stock, valued at $6,101,042.64. This represents a 5.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have purchased 19,300 shares of company stock worth $850,815. 1.72% of the stock is owned by insiders.

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.

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