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

Two Sigma Advisers LP bought a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,600 shares of the bank's stock, valued at approximately $1,611,000.

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

Analysts Set New Price Targets

TCBI has been the topic of a number of analyst reports. Jefferies Financial Group set a $80.00 price objective on shares of Texas Capital Bancshares and gave the company a "hold" rating in a report on Wednesday, May 21st. Piper Sandler lowered their price objective on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. DA Davidson lowered their target price on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Raymond James reduced their price objective on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Finally, Hovde Group cut their target price on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $78.00.

Texas Capital Bancshares Trading Down 0.8%

Texas Capital Bancshares stock traded down $0.58 during midday trading on Friday, reaching $71.75. The stock had a trading volume of 240,965 shares, compared to its average volume of 451,847. The firm's fifty day simple moving average is $69.78 and its two-hundred day simple moving average is $76.62. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $91.80. 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 firm has a market cap of $3.29 billion, a price-to-earnings ratio of 56.06, 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 data on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The firm had revenue of $280.48 million during the quarter, compared to analyst estimates of $284.40 million. Equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert W. Stallings bought 4,500 shares of the business's stock in a transaction on Monday, April 21st. The stock was bought at an average price of $64.27 per share, for a total transaction of $289,215.00. Following the transaction, the director now directly owns 288,131 shares in the company, valued at $18,518,179.37. This represents a 1.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders bought 19,300 shares of company stock valued at $850,815. Company 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.