Tudor Investment Corp ET AL Makes New $3.76 Million Investment in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Tudor Investment Corp ET AL purchased a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,082 shares of the bank's stock, valued at approximately $3,760,000. Tudor Investment Corp ET AL owned about 0.10% of Texas Capital Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TCBI. Aquatic Capital Management LLC purchased a new stake in Texas Capital Bancshares during the 4th quarter worth about $654,000. Coldstream Capital Management Inc. grew its holdings in shares of Texas Capital Bancshares by 9.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,729 shares of the bank's stock worth $370,000 after buying an additional 420 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Texas Capital Bancshares by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,305,685 shares of the bank's stock valued at $258,505,000 after acquiring an additional 28,282 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Texas Capital Bancshares by 10.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,328 shares of the bank's stock worth $2,685,000 after acquiring an additional 3,292 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $523,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $20.43 per share, with a total value of $143,010.00. Following the completion of the purchase, the director now directly owns 49,500 shares of the company's stock, valued at approximately $1,011,285. This trade represents a 16.47 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders have purchased 26,000 shares of company stock valued at $994,055 over the last 90 days. 1.72% of the stock is owned by corporate insiders.

Texas Capital Bancshares Stock Performance

TCBI traded up $0.73 on Wednesday, reaching $70.63. The company had a trading volume of 49,574 shares, compared to its average volume of 522,554. The company's fifty day moving average is $70.31 and its 200 day moving average is $77.47. 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 cap of $3.24 billion, a P/E ratio of 55.15, a P/E/G ratio of 0.75 and a beta of 0.62. Texas Capital Bancshares, Inc. has a fifty-two week low of $56.24 and a fifty-two week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $280.48 million during the quarter, compared to analyst estimates of $284.40 million. As a group, analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TCBI has been the subject of a number of analyst reports. Stephens cut their target price on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Barclays cut their target price on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their target price on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Finally, Piper Sandler decreased their target price on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Three investment 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's stock. According to MarketBeat, Texas Capital Bancshares presently has an average rating of "Hold" and an average price target of $76.64.

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.