530 Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Bought by R Squared Ltd

R Squared Ltd bought a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 530 shares of the bank’s stock, valued at approximately $41,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. KBC Group NV grew its stake in Texas Capital Bancshares by 64.2% during the 4th quarter. KBC Group NV now owns 2,172 shares of the bank’s stock worth $170,000 after buying an additional 849 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Texas Capital Bancshares by 5.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank’s stock valued at $700,000 after purchasing an additional 450 shares during the last quarter. Moody National Bank Trust Division grew its stake in Texas Capital Bancshares by 9.5% during the 4th quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank’s stock valued at $1,358,000 after purchasing an additional 1,508 shares during the last quarter. Cim Investment Management Inc. purchased a new stake in Texas Capital Bancshares during the 3rd quarter valued at about $212,000. Finally, Sanctuary Advisors LLC purchased a new stake in Texas Capital Bancshares during the 3rd quarter valued at about $310,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. Barclays boosted their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Stephens decreased their price objective on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. 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 report on Friday, January 24th. Finally, Royal Bank of Canada boosted their price objective on Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Capital Bancshares has an average rating of “Hold” and an average price target of $79.13.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 2,006 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the completion of the transaction, the director now owns 182,899 shares of the company’s stock, valued at approximately $3,839,050.01. The trade was a 1.11 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased 8,402 shares of company stock worth $213,837 over the last ninety days. Corporate insiders own 0.99% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $78.95 on Monday. The business has a 50 day simple moving average of $81.05 and a two-hundred day simple moving average of $74.93. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The stock has a market capitalization of $3.65 billion, a P/E ratio of 61.68, a PEG ratio of 0.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. As a group, analysts predict that Texas Capital Bancshares, Inc. will post 5.82 EPS for the current fiscal 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.