Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock Holdings Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,223 shares of the bank's stock after buying an additional 11,820 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Texas Capital Bancshares worth $6,508,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Voloridge Investment Management LLC increased its position in Texas Capital Bancshares by 1,027.6% during the fourth quarter. Voloridge Investment Management LLC now owns 65,921 shares of the bank's stock worth $5,155,000 after purchasing an additional 60,075 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Texas Capital Bancshares by 108.8% during the 4th quarter. Squarepoint Ops LLC now owns 101,815 shares of the bank's stock valued at $7,962,000 after buying an additional 53,061 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth $1,611,000. Two Sigma Investments LP increased its holdings in shares of Texas Capital Bancshares by 62.5% during the 4th quarter. Two Sigma Investments LP now owns 89,608 shares of the bank's stock worth $7,007,000 after buying an additional 34,466 shares during the last quarter. Finally, Teza Capital Management LLC purchased a new position in shares of Texas Capital Bancshares in the 4th quarter worth $207,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Performance

TCBI traded up $1.17 on Tuesday, hitting $72.64. 260,847 shares of the company's stock were exchanged, compared to its average volume of 450,658. 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 stock has a fifty day moving average of $69.68 and a two-hundred day moving average of $76.42. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $91.80. The firm has a market cap of $3.33 billion, a PE ratio of 56.75, a P/E/G ratio of 0.75 and a beta of 0.62.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced 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). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The company had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. On average, research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on TCBI shares. Jefferies Financial Group set a $80.00 price objective on shares of Texas Capital Bancshares and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Raymond James lowered their price target on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their target price on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Barclays lowered their target price 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. Finally, Piper Sandler reduced their price target on 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. Three investment 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. According to data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of "Hold" and an average price target of $78.00.

Insiders Place Their Bets

In other news, Director Robert W. Stallings purchased 4,500 shares of the stock in a transaction dated Monday, April 21st. The stock was acquired at an average price of $64.27 per share, for a total transaction of $289,215.00. Following the completion of the transaction, the director now owns 288,131 shares of the company's stock, valued at approximately $18,518,179.37. The trade was a 1.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased 12,300 shares of company stock valued at $707,805 over the last three months. Company insiders own 1.72% of the company's stock.

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.