Capital Fund Management S.A. Buys Shares of 19,139 Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Capital Fund Management S.A. bought a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 19,139 shares of the bank’s stock, valued at approximately $1,497,000.

Several other institutional investors also recently modified their holdings of TCBI. FMR LLC boosted its stake in Texas Capital Bancshares by 28.9% during the 3rd quarter. FMR LLC now owns 4,167 shares of the bank’s stock worth $298,000 after acquiring an additional 935 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Texas Capital Bancshares by 13.5% during the third quarter. HighTower Advisors LLC now owns 12,608 shares of the bank’s stock worth $902,000 after purchasing an additional 1,497 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at $362,000. Barclays PLC grew its holdings in shares of Texas Capital Bancshares by 19.6% in the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank’s stock valued at $7,786,000 after buying an additional 17,863 shares during the period. Finally, M&T Bank Corp increased its position in shares of Texas Capital Bancshares by 6.8% in the 3rd quarter. M&T Bank Corp now owns 4,946 shares of the bank’s stock valued at $353,000 after buying an additional 316 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 7,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $21.10 per share, for a total transaction of $147,700.00. Following the completion of the acquisition, the director now owns 202,413 shares of the company’s stock, valued at approximately $4,270,914.30. This trade represents a 3.58 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders purchased 29,402 shares of company stock valued at $653,787. 1.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TCBI shares. Barclays decreased their target price on Texas Capital Bancshares from $73.00 to $70.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. DA Davidson decreased their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. cut their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note 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. Finally, Stephens dropped their price objective on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $80.36.

Texas Capital Bancshares Trading Up 1.2 %

Shares of NASDAQ:TCBI opened at $64.21 on Wednesday. The stock has a market capitalization of $2.96 billion, a PE ratio of 50.16, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The company’s 50-day moving average price is $74.29 and its two-hundred day moving average price is $78.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. 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 released its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

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.