American Century Companies Inc. Purchases 171,263 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

American Century Companies Inc. grew its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 43.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 562,507 shares of the bank’s stock after purchasing an additional 171,263 shares during the quarter. American Century Companies Inc. owned approximately 1.22% of Texas Capital Bancshares worth $34,392,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in Texas Capital Bancshares in the second quarter worth approximately $26,000. CWM LLC boosted its stake in shares of Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after purchasing an additional 546 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Texas Capital Bancshares in the 1st quarter valued at $50,000. Fidelis Capital Partners LLC purchased a new position in Texas Capital Bancshares in the 1st quarter worth $54,000. Finally, TFO Wealth Partners LLC lifted its stake in Texas Capital Bancshares by 123,750.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,477 shares of the bank’s stock worth $160,000 after purchasing an additional 2,475 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Trading Up 1.1 %

TCBI opened at $71.94 on Wednesday. The stock has a market cap of $3.36 billion, a PE ratio of 21.80, a PEG ratio of 0.98 and a beta of 1.13. The business has a 50 day moving average of $64.78 and a 200-day moving average of $61.23. Texas Capital Bancshares, Inc. has a 52 week low of $52.89 and a 52 week high of $72.81. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.23.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The business had revenue of $472.49 million for the quarter, compared to the consensus estimate of $268.02 million. Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. During the same quarter last year, the firm posted $1.33 EPS. Equities research analysts predict that Texas Capital Bancshares, Inc. will post 3.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup reaffirmed a “sell” rating and set a $60.00 price objective on shares of Texas Capital Bancshares in a research note on Monday, July 22nd. Truist Financial boosted their price objective on Texas Capital Bancshares from $62.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Jefferies Financial Group decreased their target price on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. DA Davidson increased their price target on shares of Texas Capital Bancshares from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $74.00 price objective on shares of Texas Capital Bancshares in a research report on Monday, September 9th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus target price of $67.30.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 14,000 shares of the stock in a transaction dated Wednesday, July 31st. The stock was purchased at an average price of $19.93 per share, with a total value of $279,020.00. Following the transaction, the director now directly owns 55,294 shares in the company, valued at $1,102,009.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert W. Stallings acquired 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average cost of $19.93 per share, for a total transaction of $279,020.00. Following the acquisition, the director now directly owns 55,294 shares in the company, valued at $1,102,009.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Stallings bought 15,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at approximately $400,000. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 43,500 shares of company stock valued at $876,400. Corporate insiders own 0.99% of the company’s stock.

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.