Texas Capital Bancshares, Inc. $TCBI Shares Sold by Elizabeth Park Capital Advisors Ltd.

Key Points

• Elizabeth Park Capital Advisors Ltd. reduced its stake in Texas Capital Bancshares by 23.3% in Q1, selling 8,100 shares and now owning 26,617 shares valued at approximately $1,988,000.
• Texas Capital Bancshares reported earnings of $1.63 per share for the last quarter, exceeding the consensus estimate of $1.28, with revenues of $307.46 million.
• Institutional investors own 96.88% of Texas Capital Bancshares, indicating strong support from large investment firms.

Elizabeth Park Capital Advisors Ltd. decreased its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,617 shares of the bank's stock after selling 8,100 shares during the quarter. Elizabeth Park Capital Advisors Ltd. owned about 0.06% of Texas Capital Bancshares worth $1,988,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Texas Capital Bancshares during the first quarter valued at $528,000. Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of Texas Capital Bancshares by 2,249.3% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 249,401 shares of the bank's stock valued at $18,630,000 after acquiring an additional 238,785 shares during the period. Nomura Holdings Inc. acquired a new stake in Texas Capital Bancshares in the fourth quarter worth about $479,000. Bank of America Corp DE lifted its holdings in Texas Capital Bancshares by 25.0% in the fourth quarter. Bank of America Corp DE now owns 198,906 shares of the bank's stock worth $15,554,000 after purchasing an additional 39,832 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Texas Capital Bancshares in the first quarter worth about $16,938,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $86.69 on Wednesday. The company's 50-day moving average price is $83.61 and its two-hundred day moving average price is $76.73. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.97 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 0.72 and a beta of 0.65. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $94.61.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The bank reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.35. The firm had revenue of $307.46 million for the quarter, compared to the consensus estimate 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 in the previous year, the company earned $0.80 EPS. As a group, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TCBI shares. Barclays upped their price objective on shares of Texas Capital Bancshares from $78.00 to $82.00 and gave the stock an "underweight" rating in a report on Friday, July 18th. Keefe, Bruyette & Woods upped their price objective on shares of Texas Capital Bancshares from $86.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Wall Street Zen raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. JPMorgan Chase & Co. upped their price objective on shares of Texas Capital Bancshares from $70.00 to $82.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Finally, Citigroup upped their price objective 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. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares has a consensus rating of "Hold" and a consensus price target of $83.50.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 10,500 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were purchased at an average price of $20.28 per share, for a total transaction of $212,940.00. Following the acquisition, the director owned 60,000 shares in the company, valued at approximately $1,216,800. This represents a 21.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.72% of the company's stock.

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.

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