Quest Partners LLC Takes Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Quest Partners LLC acquired a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 18,366 shares of the bank's stock, valued at approximately $1,187,000.

Several other large investors also recently made changes to their positions in TCBI. SummerHaven Investment Management LLC lifted its holdings in Texas Capital Bancshares by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 13,134 shares of the bank's stock worth $849,000 after buying an additional 175 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Texas Capital Bancshares by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 60,143 shares of the bank's stock worth $3,887,000 after purchasing an additional 208 shares during the last quarter. Headlands Technologies LLC lifted its position in Texas Capital Bancshares by 41.9% during the 4th quarter. Headlands Technologies LLC now owns 1,613 shares of the bank's stock valued at $104,000 after purchasing an additional 476 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Texas Capital Bancshares by 22.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,922 shares of the bank's stock valued at $172,000 after purchasing an additional 535 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Texas Capital Bancshares by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 179,486 shares of the bank's stock worth $10,572,000 after buying an additional 636 shares during the period. Institutional investors own 96.88% of the company's stock.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of $19.70 per share, for a total transaction of $59,100.00. Following the purchase, the director now owns 153,706 shares of the company's stock, valued at approximately $3,028,008.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 3,000 shares of the business's stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $19.70 per share, with a total value of $59,100.00. Following the purchase, the director now owns 153,706 shares of the company's stock, valued at $3,028,008.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas E. Long bought 2,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $58.78 per share, with a total value of $117,560.00. Following the purchase, the director now owns 7,542 shares in the company, valued at approximately $443,318.76. The disclosure for this purchase can be found here. Insiders have purchased 8,004 shares of company stock valued at $235,238 in the last 90 days. 0.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citigroup reduced their price objective on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 13th. Stephens cut their price target on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an "overweight" rating on the stock in a research report on Friday, April 19th. Truist Financial decreased their price objective on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a "hold" rating for the company in a report on Monday, April 22nd. Barclays started coverage on Texas Capital Bancshares in a report on Friday, March 8th. They set an "underweight" rating and a $47.00 target price on the stock. Finally, Mizuho reaffirmed a "hold" rating and set a $66.00 price target (down previously from $72.00) on shares of Texas Capital Bancshares in a research report on Monday, April 1st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $63.58.

Texas Capital Bancshares Trading Down 0.3 %

Shares of NASDAQ:TCBI traded down $0.16 during midday trading on Tuesday, hitting $61.05. 212,661 shares of the stock were exchanged, compared to its average volume of 445,317. Texas Capital Bancshares, Inc. has a 12 month low of $46.54 and a 12 month high of $66.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 2.21 and a beta of 1.17. The business's 50-day moving average price is $59.39 and its 200 day moving average price is $59.58.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, April 18th. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $256.33 million for the quarter, compared to analyst estimates of $253.27 million. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%. Analysts predict that Texas Capital Bancshares, Inc. will post 3.53 earnings per share for the current 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.