Innealta Capital LLC Buys Shares of 430 Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Innealta Capital LLC purchased a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 430 shares of the bank’s stock, valued at approximately $26,000.

Several other hedge funds have also recently added to or reduced their stakes in TCBI. CWM LLC grew its holdings in shares of Texas Capital Bancshares by 426.6% during the first quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after buying an additional 546 shares in the last quarter. Mather Group LLC. acquired a new position in Texas Capital Bancshares during the first quarter worth about $50,000. Fidelis Capital Partners LLC purchased a new stake in Texas Capital Bancshares during the 1st quarter valued at about $54,000. TFO Wealth Partners LLC raised its holdings in Texas Capital Bancshares by 123,750.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,477 shares of the bank’s stock valued at $160,000 after acquiring an additional 2,475 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in Texas Capital Bancshares by 80.4% in the 1st quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock worth $179,000 after purchasing an additional 1,297 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TCBI has been the subject of a number of analyst reports. Stephens upped their price target on Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Jefferies Financial Group dropped their target price on Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Wedbush lifted their price target on Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. JPMorgan Chase & Co. upped their price objective on shares of Texas Capital Bancshares from $63.00 to $70.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. Finally, Truist Financial lifted their target price on shares of Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Texas Capital Bancshares presently has an average rating of “Hold” and a consensus price target of $65.19.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 10,000 shares of the stock in a transaction dated Monday, July 29th. The stock was acquired at an average price of $20.46 per share, with a total value of $204,600.00. Following the completion of the purchase, the director now owns 31,294 shares in the company, valued at approximately $640,275.24. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Robert W. Stallings bought 15,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of $20.00 per share, with a total value of $300,000.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $400,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Stallings purchased 10,000 shares of Texas Capital Bancshares stock in a transaction on Monday, July 29th. The stock was bought at an average cost of $20.46 per share, for a total transaction of $204,600.00. Following the transaction, the director now directly owns 31,294 shares in the company, valued at $640,275.24. The disclosure for this purchase can be found here. Insiders have acquired 43,500 shares of company stock worth $876,400 over the last three months. Company insiders own 0.99% of the company’s stock.

Texas Capital Bancshares Stock Up 1.0 %

Texas Capital Bancshares stock opened at $67.22 on Friday. The company has a market capitalization of $3.11 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a fifty-two week low of $52.89 and a fifty-two week high of $72.07. The firm has a 50 day moving average price of $63.08 and a 200 day moving average price of $60.50.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. The firm had revenue of $472.49 million during the quarter, compared to analyst estimates of $268.02 million. During the same period in the previous year, the firm posted $1.33 earnings per share. Research analysts expect that Texas Capital Bancshares, Inc. will post 3.31 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.