Texas Capital Bancshares, Inc. $TCBI Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Texas Capital Bancshares by 25.6% during Q1 2023, owning 83,498 shares worth $6.24 million after selling 28,670 shares.
• Analysts have mixed views on Texas Capital Bancshares, with three holding a sell rating, eight a hold rating, and four a buy rating, leading to a consensus target price of $83.50.
• Despite the recent declines, Texas Capital Bancshares reported earnings of $1.63 per share for the last quarter, surpassing estimates, alongside a revenue of $307.46 million.

Deutsche Bank AG reduced its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 25.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 83,498 shares of the bank's stock after selling 28,670 shares during the quarter. Deutsche Bank AG owned about 0.18% of Texas Capital Bancshares worth $6,237,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TCBI. UMB Bank n.a. boosted its position in shares of Texas Capital Bancshares by 1,089.8% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the bank's stock worth $44,000 after purchasing an additional 534 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Texas Capital Bancshares by 127.0% during the 1st quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock worth $62,000 after purchasing an additional 465 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Texas Capital Bancshares by 819.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,481 shares of the bank's stock worth $116,000 after purchasing an additional 1,320 shares in the last quarter. Bayforest Capital Ltd boosted its position in shares of Texas Capital Bancshares by 69.7% during the 1st quarter. Bayforest Capital Ltd now owns 2,309 shares of the bank's stock worth $172,000 after purchasing an additional 948 shares in the last quarter. Finally, United Capital Financial Advisors LLC purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth $202,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 10,500 shares of the business's 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 purchase, the director owned 60,000 shares of the company's stock, valued at $1,216,800. This trade represents a 21.21% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.72% of the company's stock.

Wall Street Analyst Weigh In

TCBI has been the topic of several research analyst reports. Jefferies Financial Group set a $80.00 target price on shares of Texas Capital Bancshares and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Barclays boosted their target price on shares of Texas Capital Bancshares from $78.00 to $82.00 and gave the stock an "underweight" rating in a research report on Friday, July 18th. Citigroup boosted their target price on shares of Texas Capital Bancshares from $69.00 to $79.00 and gave the stock a "sell" rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods boosted their target price on shares of Texas Capital Bancshares from $86.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Wall Street Zen upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Texas Capital Bancshares has a consensus rating of "Hold" and a consensus target price of $83.50.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock traded down $0.39 on Thursday, hitting $83.70. The company's stock had a trading volume of 204,849 shares, compared to its average volume of 414,445. Texas Capital Bancshares, Inc. has a 52-week low of $59.37 and a 52-week high of $94.61. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average price of $82.91 and a 200-day moving average price of $76.68. The company has a market capitalization of $3.83 billion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 0.70 and a beta of 0.65.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, July 17th. The bank reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.35. Texas Capital Bancshares had a net margin of 6.79% and a return on equity of 10.36%. The firm had revenue of $307.46 million during the quarter, compared to the consensus estimate of $298.90 million. During the same quarter in the previous year, the company posted $0.80 EPS. On average, equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

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.