Occudo Quantitative Strategies LP Purchases New Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Occudo Quantitative Strategies LP bought a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,020 shares of the bank's stock, valued at approximately $784,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC lifted its stake in Texas Capital Bancshares by 19.6% in the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock worth $7,786,000 after purchasing an additional 17,863 shares in the last quarter. Moody National Bank Trust Division raised its position in Texas Capital Bancshares by 9.5% in the 4th quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank's stock worth $1,358,000 after purchasing an additional 1,508 shares during the period. Nisa Investment Advisors LLC raised its position in Texas Capital Bancshares by 5.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank's stock worth $700,000 after purchasing an additional 450 shares during the period. KBC Group NV raised its position in Texas Capital Bancshares by 64.2% in the 4th quarter. KBC Group NV now owns 2,172 shares of the bank's stock worth $170,000 after purchasing an additional 849 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Texas Capital Bancshares in the fourth quarter valued at about $41,000. 96.88% of the stock is owned by institutional investors.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 4,500 shares of the business's stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $64.27 per share, with a total value of $289,215.00. Following the acquisition, the director now directly owns 288,131 shares in the company, valued at $18,518,179.37. This trade represents a 1.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased 19,300 shares of company stock valued at $850,815 in the last three months. 1.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Raymond James decreased their price objective on shares of 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 decreased their price objective on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Finally, Hovde Group cut 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. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of "Hold" and a consensus price target of $76.64.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock traded down $0.51 during mid-day trading on Monday, reaching $75.33. 100,872 shares of the company's stock traded hands, compared to its average volume of 447,430. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 58.97, a PEG ratio of 0.75 and a beta of 0.62. The stock has a 50 day moving average of $70.27 and a two-hundred day moving average of $77.30. 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 results 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 company had revenue of $280.48 million during the quarter, compared to analysts' expectations of $284.40 million. Equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

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.