Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Fmr LLC

Fmr LLC increased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 28.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,167 shares of the bank’s stock after acquiring an additional 935 shares during the quarter. Fmr LLC’s holdings in Texas Capital Bancshares were worth $298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Texas Capital Bancshares by 87.0% during the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock worth $65,219,000 after purchasing an additional 506,094 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Texas Capital Bancshares by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock valued at $40,792,000 after buying an additional 10,171 shares during the last quarter. American Century Companies Inc. raised its stake in Texas Capital Bancshares by 43.8% during the 2nd quarter. American Century Companies Inc. now owns 562,507 shares of the bank’s stock worth $34,392,000 after acquiring an additional 171,263 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in Texas Capital Bancshares by 12.6% in the third quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank’s stock valued at $33,372,000 after acquiring an additional 52,095 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Texas Capital Bancshares by 11.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 381,462 shares of the bank’s stock valued at $23,323,000 after acquiring an additional 38,393 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Raymond James raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price target on the stock in a research report on Tuesday, September 17th. Hovde Group boosted their price objective on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $77.00 to $82.00 in a research report on Friday, October 18th. Finally, Barclays lifted their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.69.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average price of $21.28 per share, with a total value of $425,600.00. Following the completion of the acquisition, the director now directly owns 84,587 shares of the company’s stock, valued at approximately $1,800,011.36. The trade was a 30.97 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.53% of the company’s stock.

Texas Capital Bancshares Stock Down 0.0 %

TCBI stock opened at $76.77 on Friday. The stock has a market capitalization of $3.55 billion, a PE ratio of 426.50, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. The company has a fifty day moving average of $83.08 and a 200-day moving average of $70.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80.

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

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.