Captrust Financial Advisors Grows Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Captrust Financial Advisors grew its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 3.8% during the third quarter, HoldingsChannel.com reports. The fund owned 10,036 shares of the bank’s stock after purchasing an additional 369 shares during the quarter. Captrust Financial Advisors’ holdings in Texas Capital Bancshares were worth $717,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Texas Capital Bancshares in the 2nd quarter valued at $26,000. Blue Trust Inc. boosted its position in shares of Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after buying an additional 169 shares during the period. Icon Wealth Advisors LLC acquired a new stake in shares of Texas Capital Bancshares in the third quarter valued at about $31,000. CWM LLC raised its holdings in shares of Texas Capital Bancshares by 40.8% during the 2nd quarter. CWM LLC now owns 949 shares of the bank’s stock valued at $58,000 after buying an additional 275 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at about $71,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock opened at $85.42 on Wednesday. The company has a market cap of $3.95 billion, a PE ratio of 474.56, a P/E/G ratio of 0.83 and a beta of 1.14. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The company has a fifty day moving average price of $81.61 and a two-hundred day moving average price of $69.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 EPS for the quarter, beating the consensus estimate of $0.97 by $0.65. The business had revenue of $304.91 million during the quarter, compared to analyst estimates of $279.64 million. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. Research analysts expect that Texas Capital Bancshares, Inc. will post 4.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TCBI. DA Davidson upped their price target on Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price target on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Piper Sandler downgraded shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $77.00 to $82.00 in a research note on Friday, October 18th. Bank of America raised shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and upped their price objective for the company from $51.00 to $77.00 in a research report on Monday, September 9th. Finally, Wedbush reaffirmed a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $74.69.

Insider Activity

In related news, Director Robert W. Stallings purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were acquired at an average price of $21.28 per share, with a total value of $425,600.00. Following the acquisition, the director now owns 84,587 shares in the company, valued at approximately $1,800,011.36. This trade represents a 30.97 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.99% of the company’s stock.

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.