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

Voloridge Investment Management LLC grew its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 1,027.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,921 shares of the bank's stock after buying an additional 60,075 shares during the quarter. Voloridge Investment Management LLC owned 0.14% of Texas Capital Bancshares worth $5,155,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TCBI. Picton Mahoney Asset Management bought a new position in Texas Capital Bancshares during the fourth quarter valued at approximately $30,000. Assetmark Inc. bought a new position in shares of Texas Capital Bancshares during the 4th quarter valued at $32,000. Venturi Wealth Management LLC bought a new stake in Texas Capital Bancshares in the fourth quarter worth $37,000. R Squared Ltd bought a new stake in Texas Capital Bancshares in the fourth quarter worth $41,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Texas Capital Bancshares during the fourth quarter valued at about $115,000. 96.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. 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. Raymond James decreased their target price on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Stephens dropped 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 research report on Monday, April 21st. JPMorgan Chase & Co. cut 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 report on Monday, April 21st. Finally, Barclays dropped their target price on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of "Hold" and a consensus target price of $78.00.

Insider Buying and Selling

In other news, Director Robert W. Stallings acquired 4,500 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average cost of $64.27 per share, with a total value of $289,215.00. Following the transaction, the director now owns 288,131 shares of the company's stock, valued at $18,518,179.37. This trade represents a 1.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased 19,300 shares of company stock worth $850,815 in the last 90 days. Insiders own 1.72% of the company's stock.

Texas Capital Bancshares Stock Down 0.9%

Shares of TCBI stock traded down $0.64 during mid-day trading on Friday, reaching $71.69. 240,044 shares of the company's stock traded hands, compared to its average volume of 450,991. The company's 50-day moving average price is $69.89 and its 200-day moving average price is $76.82. The company has a market cap of $3.29 billion, a P/E ratio of 56.01, a P/E/G ratio of 0.75 and a beta of 0.62. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 12 month low of $56.24 and a 12 month high of $91.80.

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 the consensus estimate 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 business had revenue of $280.48 million for the quarter, compared to the consensus estimate of $284.40 million. On average, equities analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

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.