Xponance Inc. Sells 507 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Xponance Inc. lowered its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,313 shares of the bank’s stock after selling 507 shares during the period. Xponance Inc.’s holdings in Texas Capital Bancshares were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Texas Capital Bancshares by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,888,236 shares of the bank’s stock valued at $315,927,000 after purchasing an additional 68,211 shares in the last quarter. Wellington Management Group LLP boosted its stake in Texas Capital Bancshares by 97.9% during the fourth quarter. Wellington Management Group LLP now owns 1,106,536 shares of the bank’s stock valued at $71,515,000 after buying an additional 547,336 shares during the period. American Century Companies Inc. grew its position in Texas Capital Bancshares by 43.8% during the second quarter. American Century Companies Inc. now owns 562,507 shares of the bank’s stock worth $34,392,000 after buying an additional 171,263 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Texas Capital Bancshares by 42.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 544,408 shares of the bank’s stock worth $35,185,000 after acquiring an additional 161,643 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Texas Capital Bancshares by 2.5% in the 1st quarter. Clearbridge Investments LLC now owns 234,227 shares of the bank’s stock valued at $14,417,000 after acquiring an additional 5,671 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 15,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $20.00 per share, with a total value of $300,000.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at $400,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Robert W. Stallings purchased 15,000 shares of the business’s stock in a transaction that occurred 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 acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $400,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Stallings acquired 10,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was bought at an average price of $20.46 per share, with a total value of $204,600.00. Following the completion of the acquisition, the director now directly owns 31,294 shares in the company, valued at approximately $640,275.24. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 43,500 shares of company stock worth $876,400. 0.99% of the stock is currently owned by company insiders.

Texas Capital Bancshares Trading Up 1.4 %

NASDAQ:TCBI opened at $71.46 on Tuesday. The firm has a market capitalization of $3.30 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.00 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $65.90 and a 200 day moving average of $62.06. Texas Capital Bancshares, Inc. has a 52 week low of $52.89 and a 52 week high of $74.57.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). The firm 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 period last year, the company posted $1.33 earnings per share. On average, research analysts predict that Texas Capital Bancshares, Inc. will post 3.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TCBI has been the subject of several recent analyst reports. Hovde Group upped their price objective on shares of Texas Capital Bancshares from $66.00 to $73.00 and gave the stock a “market perform” rating in a research report on Monday, September 23rd. Bank of America raised shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and increased their price target for the stock from $51.00 to $77.00 in a report on Monday, September 9th. Jefferies Financial Group dropped their price objective on shares of 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 increased their target price on Texas Capital Bancshares from $70.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. lifted their price target on Texas Capital Bancshares from $70.00 to $73.00 and gave the stock an “underweight” rating in a research note on Monday, September 9th. Five equities research 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 has an average rating of “Hold” and a consensus price target of $69.20.

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.