Tudor Investment Corp ET AL Takes Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Tudor Investment Corp ET AL acquired 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. The fund acquired 48,082 shares of the bank's stock, valued at approximately $3,760,000. Tudor Investment Corp ET AL owned approximately 0.10% of Texas Capital Bancshares at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TCBI. US Bancorp DE grew its stake in 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 buying an additional 9,891 shares during the period. Victory Capital Management Inc. boosted its position in Texas Capital Bancshares by 37.5% during the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock worth $7,538,000 after purchasing an additional 26,294 shares during the period. Barclays PLC increased its holdings in Texas Capital Bancshares by 19.6% in the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after purchasing an additional 17,863 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Texas Capital Bancshares in the 4th quarter valued at $1,329,000. Finally, Proficio Capital Partners LLC purchased a new position in Texas Capital Bancshares in the fourth quarter valued at about $1,688,000. Hedge funds and other institutional investors own 96.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Hovde Group lowered their target price on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Stephens lowered their price objective 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. DA Davidson lowered their price target on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a report on Monday, April 21st. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Finally, Barclays lowered their target price on 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. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of "Hold" and a consensus target price of $76.64.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 7,000 shares of the business's stock in a transaction on Thursday, February 6th. The shares were purchased at an average price of $21.32 per share, with a total value of $149,240.00. Following the purchase, the director now directly owns 215,413 shares of the company's stock, valued at approximately $4,592,605.16. The trade was a 3.36 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased a total of 32,000 shares of company stock worth $1,121,905 in the last three months. 1.72% of the stock is owned by insiders.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock traded up $1.83 during mid-day trading on Friday, reaching $70.58. The company's stock had a trading volume of 453,656 shares, compared to its average volume of 447,235. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 55.14, a PEG ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $91.80. The business has a 50 day moving average price of $70.63 and a 200-day moving average price of $77.58. 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 released its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 earnings per share 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 analyst estimates of $284.40 million. Sell-side analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Texas Capital Bancshares Company 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.