Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Short Interest Update

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 1,760,000 shares, an increase of 47.9% from the December 15th total of 1,190,000 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily volume of 441,200 shares, the days-to-cover ratio is presently 4.0 days.

Insider Buying and Selling at Texas Capital Bancshares

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

Institutional Trading of Texas Capital Bancshares

A number of institutional investors have recently bought and sold shares of TCBI. Geode Capital Management LLC lifted its stake in shares of Texas Capital Bancshares by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock valued at $81,856,000 after purchasing an additional 13,022 shares during the period. Wellington Management Group LLP increased its holdings in Texas Capital Bancshares by 15.4% in the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after purchasing an additional 150,301 shares in the last quarter. AQR Capital Management LLC lifted its stake in Texas Capital Bancshares by 87.0% in the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock valued at $65,219,000 after buying an additional 506,094 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Texas Capital Bancshares by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock worth $40,792,000 after buying an additional 10,171 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of 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 buying an additional 171,263 shares during the period. Institutional investors own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

TCBI has been the topic of several research reports. Royal Bank of Canada lifted their price target on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Wedbush reaffirmed a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. DA Davidson raised their price objective on Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price objective on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Four 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 company presently has an average rating of “Hold” and an average price target of $74.75.

Texas Capital Bancshares Trading Up 0.1 %

NASDAQ:TCBI traded up $0.05 on Thursday, reaching $78.96. 491,762 shares of the stock traded hands, compared to its average volume of 460,936. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 438.67, a price-to-earnings-growth ratio of 0.66 and a beta of 1.17. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $82.80 and its 200-day moving average is $73.51.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.65. The company had revenue of $304.91 million during the quarter, compared to analysts’ expectations of $279.64 million. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. Equities research analysts anticipate that Texas Capital Bancshares will post 4.08 EPS for the current fiscal 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.