Two Sigma Advisers LP Makes New $1.61 Million Investment in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Two Sigma Advisers LP acquired a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,600 shares of the bank's stock, valued at approximately $1,611,000.

Other large investors have also added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new position in Texas Capital Bancshares in the 4th quarter valued at approximately $479,000. Bank of America Corp DE raised its holdings in Texas Capital Bancshares by 25.0% in the 4th quarter. Bank of America Corp DE now owns 198,906 shares of the bank's stock valued at $15,554,000 after buying an additional 39,832 shares during the last quarter. US Bancorp DE raised its holdings in Texas Capital Bancshares by 1,575.0% in the 4th quarter. US Bancorp DE now owns 10,519 shares of the bank's stock valued at $823,000 after buying an additional 9,891 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Texas Capital Bancshares by 37.5% in the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock valued at $7,538,000 after buying an additional 26,294 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Texas Capital Bancshares by 60.6% in the 4th quarter. Millennium Management LLC now owns 385,477 shares of the bank's stock valued at $30,144,000 after buying an additional 145,393 shares during the last quarter. Institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Stock Up 1.6%

NASDAQ TCBI traded up $1.17 during mid-day trading on Tuesday, hitting $72.64. The company's stock had a trading volume of 260,847 shares, compared to its average volume of 451,613. The company's 50 day simple moving average is $69.63 and its 200 day simple moving average is $76.40. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $91.80. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 56.75, a PEG ratio of 0.75 and a beta of 0.62.

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

Analysts Set New Price Targets

Several research analysts have issued reports on TCBI shares. Stephens lowered their price target on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Hovde Group lowered their price target on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. lowered 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 report on Monday, April 21st. Raymond James lowered 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 report on Monday, April 21st. Finally, Keefe, Bruyette & Woods lowered 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 report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $78.00.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 500 shares of Texas Capital Bancshares stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average price of $68.20 per share, with a total value of $34,100.00. Following the transaction, the director now owns 289,961 shares in the company, valued at $19,775,340.20. This trade represents a 0.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders acquired 12,300 shares of company stock valued at $707,805. 1.72% of the stock is owned by company 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.