Mutual of America Capital Management LLC cut its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Free Report) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,146 shares of the bank’s stock after selling 1,566 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Texas Capital Bancshares worth $1,732,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Fidelis Capital Partners LLC bought a new stake in Texas Capital Bancshares in the first quarter worth $54,000. Capstone Investment Advisors LLC increased its stake in Texas Capital Bancshares by 43.6% in the first quarter. Capstone Investment Advisors LLC now owns 10,111 shares of the bank’s stock worth $622,000 after purchasing an additional 3,070 shares during the period. BNP Paribas Financial Markets increased its stake in Texas Capital Bancshares by 73.0% in the first quarter. BNP Paribas Financial Markets now owns 25,489 shares of the bank’s stock worth $1,569,000 after purchasing an additional 10,752 shares during the period. AlphaMark Advisors LLC increased its stake in Texas Capital Bancshares by 14.2% in the first quarter. AlphaMark Advisors LLC now owns 4,711 shares of the bank’s stock worth $290,000 after purchasing an additional 587 shares during the period. Finally, Hodges Capital Management Inc. increased its stake in Texas Capital Bancshares by 24.2% in the first quarter. Hodges Capital Management Inc. now owns 146,850 shares of the bank’s stock worth $9,039,000 after purchasing an additional 28,650 shares during the period. 96.88% of the stock is currently owned by institutional investors.
Texas Capital Bancshares Price Performance
TCBI opened at $64.31 on Monday. The business’s 50-day moving average is $59.89 and its two-hundred day moving average is $60.02. Texas Capital Bancshares, Inc. has a 1 year low of $52.89 and a 1 year high of $66.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $3.00 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15.
Insiders Place Their Bets
In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction on Friday, May 10th. The stock was acquired at an average price of $19.50 per share, with a total value of $58,500.00. Following the completion of the acquisition, the director now owns 156,706 shares in the company, valued at $3,055,767. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction on Friday, May 10th. The stock was acquired at an average price of $19.50 per share, with a total value of $58,500.00. Following the completion of the acquisition, the director now owns 156,706 shares in the company, valued at $3,055,767. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert W. Stallings purchased 6,000 shares of the stock in a transaction on Monday, May 20th. The stock was acquired at an average cost of $19.52 per share, with a total value of $117,120.00. Following the acquisition, the director now owns 163,706 shares of the company’s stock, valued at approximately $3,195,541.12. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 15,004 shares of company stock valued at $292,878. 0.99% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Jefferies Financial Group reduced their target price on Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods reduced their target price on Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Wedbush cut their price target on Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Stephens cut their price target on Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Finally, Raymond James lowered Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $63.65.
Check Out Our Latest Report on Texas Capital Bancshares
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.
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