Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Purchased by Susquehanna International Group LLP

Susquehanna International Group LLP boosted its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 95.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 30,895 shares of the bank's stock after purchasing an additional 15,063 shares during the period. Susquehanna International Group LLP owned about 0.07% of Texas Capital Bancshares worth $2,416,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. US Bancorp DE lifted its holdings in shares of Texas Capital Bancshares by 1,575.0% during the fourth quarter. US Bancorp DE now owns 10,519 shares of the bank's stock worth $823,000 after purchasing an additional 9,891 shares during the period. Victory Capital Management Inc. increased its position in shares of Texas Capital Bancshares by 37.5% during the fourth quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock worth $7,538,000 after acquiring an additional 26,294 shares in the last quarter. Barclays PLC increased its position in shares of Texas Capital Bancshares by 19.6% during the third quarter. Barclays PLC now owns 108,950 shares of the bank's stock worth $7,786,000 after acquiring an additional 17,863 shares in the last quarter. Martingale Asset Management L P bought a new stake in Texas Capital Bancshares in the 4th quarter worth about $1,329,000. Finally, Proficio Capital Partners LLC bought a new stake in Texas Capital Bancshares in the 4th quarter worth about $1,688,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TCBI has been the topic of a number of research analyst reports. Hovde Group dropped 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. Barclays cut their price objective on shares of 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. Keefe, Bruyette & Woods dropped their price target on shares of 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. DA Davidson dropped their target price on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Three 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $76.64.

Insider Activity

In related news, Director Robert W. Stallings bought 500 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were bought at an average price of $68.20 per share, with a total value of $34,100.00. Following the completion of the transaction, the director now directly owns 289,961 shares of the company's stock, valued at $19,775,340.20. This represents a 0.17% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 19,300 shares of company stock valued at $850,815 in the last three months. 1.72% of the stock is currently owned by corporate insiders.

Texas Capital Bancshares Trading Up 3.5%

Shares of NASDAQ TCBI traded up $2.56 during mid-day trading on Monday, reaching $75.41. The company had a trading volume of 439,850 shares, compared to its average volume of 447,350. Texas Capital Bancshares, Inc. has a 52 week low of $56.24 and a 52 week high of $91.80. The business's 50-day moving average is $69.98 and its 200-day moving average is $77.35. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 58.91, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced 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 net margin of 3.99% and a return on equity of 9.14%. The company had revenue of $280.48 million during the quarter, compared to analysts' expectations of $284.40 million. Equities analysts expect 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.