Sanctuary Advisors LLC Has $552,000 Stock Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Sanctuary Advisors LLC raised its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 60.6% in the 4th quarter, Holdings Channel reports. The firm owned 6,958 shares of the bank’s stock after acquiring an additional 2,625 shares during the period. Sanctuary Advisors LLC’s holdings in Texas Capital Bancshares were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Texas Capital Bancshares by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock worth $81,856,000 after acquiring an additional 13,022 shares in the last quarter. Wellington Management Group LLP raised its stake in Texas Capital Bancshares by 15.4% during the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after acquiring an additional 150,301 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Texas Capital Bancshares by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock worth $40,792,000 after acquiring an additional 10,171 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in Texas Capital Bancshares by 12.6% during the third quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank’s stock worth $33,372,000 after acquiring an additional 52,095 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Texas Capital Bancshares by 0.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 308,222 shares of the bank’s stock worth $22,026,000 after acquiring an additional 1,687 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. DA Davidson lowered their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, January 24th. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Finally, Stephens lowered their price objective on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Three investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $79.13.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 5,670 shares of the stock in a transaction on Friday, January 24th. The stock was acquired at an average cost of $27.60 per share, for a total transaction of $156,492.00. Following the completion of the acquisition, the director now owns 180,893 shares in the company, valued at $4,992,646.80. This trade represents a 3.24 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have acquired a total of 22,402 shares of company stock worth $510,777 in the last 90 days. Corporate insiders own 0.99% of the company’s stock.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $79.16 on Friday. The company has a market capitalization of $3.64 billion, a PE ratio of 61.84, a P/E/G ratio of 0.75 and a beta of 1.16. The company has a 50 day simple moving average of $79.13 and a two-hundred day simple moving average of $77.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a fifty-two week low of $54.68 and a fifty-two week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current 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.