Voloridge Investment Management LLC Grows Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Voloridge Investment Management LLC grew its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 1,027.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,921 shares of the bank's stock after purchasing an additional 60,075 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.14% of Texas Capital Bancshares worth $5,155,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TCBI. Squarepoint Ops LLC boosted its stake in Texas Capital Bancshares by 108.8% during the fourth quarter. Squarepoint Ops LLC now owns 101,815 shares of the bank's stock worth $7,962,000 after acquiring an additional 53,061 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Texas Capital Bancshares during the fourth quarter worth $1,611,000. Two Sigma Investments LP raised its holdings in Texas Capital Bancshares by 62.5% during the fourth 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. Teza Capital Management LLC acquired a new position in Texas Capital Bancshares during the fourth quarter worth $207,000. Finally, Rafferty Asset Management LLC raised its holdings in Texas Capital Bancshares by 19.1% during the fourth quarter. Rafferty Asset Management LLC now owns 88,175 shares of the bank's stock worth $6,895,000 after buying an additional 14,156 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 5,000 shares of the stock in a transaction dated Friday, April 25th. The stock was purchased at an average cost of $67.76 per share, for a total transaction of $338,800.00. Following the transaction, the director now owns 90,039 shares of the company's stock, valued at $6,101,042.64. The trade was a 5.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 19,300 shares of company stock worth $850,815 in the last three months. 1.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TCBI shares. 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 report on Monday, April 21st. Barclays lowered their price target on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. 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 research note on Monday, April 21st. Hovde Group lowered their target price on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a research note 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 stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $78.00.

Texas Capital Bancshares Stock Down 0.8%

Shares of TCBI traded down $0.58 during trading hours on Friday, hitting $71.75. The company had a trading volume of 240,965 shares, compared to its average volume of 451,847. The firm has a fifty day moving average price of $69.78 and a 200-day moving average price of $76.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 56.06, a P/E/G ratio of 0.75 and a beta of 0.62. Texas Capital Bancshares, Inc. has a 52-week low of $56.24 and a 52-week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The firm had revenue of $280.48 million for 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 research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

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.