Two Sigma Investments LP Has $7.01 Million Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Two Sigma Investments LP raised its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 62.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,608 shares of the bank's stock after acquiring an additional 34,466 shares during the quarter. Two Sigma Investments LP owned approximately 0.19% of Texas Capital Bancshares worth $7,007,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Teza Capital Management LLC acquired a new position in shares of Texas Capital Bancshares during the 4th quarter valued at $207,000. Rafferty Asset Management LLC raised its stake in shares of Texas Capital Bancshares by 19.1% during the 4th quarter. Rafferty Asset Management LLC now owns 88,175 shares of the bank's stock worth $6,895,000 after purchasing an additional 14,156 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Texas Capital Bancshares in the fourth quarter worth approximately $1,901,000. ProShare Advisors LLC boosted its holdings in Texas Capital Bancshares by 41.2% in the fourth quarter. ProShare Advisors LLC now owns 15,221 shares of the bank's stock worth $1,190,000 after purchasing an additional 4,443 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $479,000. 96.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Stephens lowered their target price on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Barclays dropped their price objective on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Raymond James decreased their price target on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. DA Davidson dropped their target price on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Finally, Jefferies Financial Group set a $80.00 price target on Texas Capital Bancshares and gave the company a "hold" rating in a report on Wednesday, May 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of "Hold" and a consensus target price of $78.00.

Texas Capital Bancshares Stock Down 0.8%

NASDAQ:TCBI traded down $0.60 during trading hours on Friday, reaching $71.74. 19,731 shares of the stock were exchanged, compared to its average volume of 450,127. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $91.80. The stock has a market cap of $3.29 billion, a PE ratio of 56.23, a PEG ratio of 0.75 and a beta of 0.62. The firm has a 50 day moving average of $69.89 and a 200 day moving average of $76.82.

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 for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The company had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, equities analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robert W. Stallings acquired 5,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, April 25th. The stock was bought at an average price of $67.76 per share, for a total transaction of $338,800.00. Following the completion of the acquisition, the director now directly owns 90,039 shares in the company, valued at approximately $6,101,042.64. The trade was a 5.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders acquired 19,300 shares of company stock worth $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.