Texas Capital Bancshares, Inc. $TCBI Shares Bought by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Texas Capital Bancshares by 8.8% in Q1, now owning 359,972 shares valued at approximately $26.89 million.
• Texas Capital Bancshares reported $1.63 EPS for the last quarter, exceeding analysts' expectations of $1.28, with total revenue of $307.46 million.
• Over 96% of Texas Capital Bancshares stock is held by institutional investors and hedge funds, indicating strong institutional interest in the company.

Jacobs Levy Equity Management Inc. raised its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 359,972 shares of the bank's stock after purchasing an additional 29,074 shares during the period. Jacobs Levy Equity Management Inc. owned 0.78% of Texas Capital Bancshares worth $26,890,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TCBI. UMB Bank n.a. increased its position in shares of Texas Capital Bancshares by 1,089.8% during the first 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 increased its position in shares of Texas Capital Bancshares by 127.0% in the 1st quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after acquiring an additional 465 shares during the period. State of Wyoming acquired a new position in shares of Texas Capital Bancshares in the 1st quarter valued at $70,000. Bayforest Capital Ltd increased its position in shares of Texas Capital Bancshares by 69.7% in the 1st quarter. Bayforest Capital Ltd now owns 2,309 shares of the bank's stock valued at $172,000 after acquiring an additional 948 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in Texas Capital Bancshares during the 1st quarter worth about $204,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TCBI. Jefferies Financial Group set a $80.00 price objective on Texas Capital Bancshares and gave the company a "hold" rating in a report on Wednesday, May 21st. Barclays lifted their price target on shares of Texas Capital Bancshares from $78.00 to $82.00 and gave the company an "underweight" rating in a research report on Friday, July 18th. Hovde Group upped their target price on Texas Capital Bancshares from $75.00 to $95.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Citigroup increased their price target on shares of Texas Capital Bancshares from $69.00 to $79.00 and gave the stock a "sell" rating in a report on Friday, July 18th. Finally, Wall Street Zen raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $84.00.

Texas Capital Bancshares Trading Down 0.9%

Shares of TCBI traded down $0.78 during mid-day trading on Thursday, reaching $86.45. The company had a trading volume of 80,297 shares, compared to its average volume of 486,014. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 0.71 and a beta of 0.69. The firm has a fifty day simple moving average of $85.41 and a 200-day simple moving average of $77.15. Texas Capital Bancshares, Inc. has a fifty-two week low of $59.37 and a fifty-two week high of $94.61. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19.

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

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.