D. E. Shaw & Co. Inc. Has $23.32 Million Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

D. E. Shaw & Co. Inc. boosted its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 381,462 shares of the bank’s stock after purchasing an additional 38,393 shares during the period. D. E. Shaw & Co. Inc. owned about 0.82% of Texas Capital Bancshares worth $23,323,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. UBS Group AG increased its stake in shares of Texas Capital Bancshares by 51.0% in the fourth quarter. UBS Group AG now owns 97,714 shares of the bank’s stock valued at $6,315,000 after buying an additional 33,022 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at about $1,551,000. TFO Wealth Partners LLC boosted its position in shares of Texas Capital Bancshares by 123,750.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,477 shares of the bank’s stock valued at $160,000 after purchasing an additional 2,475 shares in the last quarter. Rafferty Asset Management LLC grew its stake in Texas Capital Bancshares by 144.5% during the fourth quarter. Rafferty Asset Management LLC now owns 123,140 shares of the bank’s stock worth $7,959,000 after purchasing an additional 72,782 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in Texas Capital Bancshares by 512.8% in the fourth quarter. GSA Capital Partners LLP now owns 54,089 shares of the bank’s stock worth $3,496,000 after purchasing an additional 45,263 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Stock Down 0.3 %

TCBI opened at $70.47 on Monday. Texas Capital Bancshares, Inc. has a fifty-two week low of $52.89 and a fifty-two week high of $74.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.99. The company’s 50-day moving average is $65.80 and its 200 day moving average is $61.97. The firm has a market capitalization of $3.29 billion, a P/E ratio of 21.35, a PEG ratio of 1.02 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, July 18th. The bank reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The business had revenue of $472.49 million during the quarter, compared to analysts’ expectations of $268.02 million. Texas Capital Bancshares had a return on equity of 6.05% and a net margin of 8.08%. During the same quarter in the previous year, the firm earned $1.33 EPS. Research analysts expect that Texas Capital Bancshares, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Capital Bancshares

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TCBI. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $74.00 price objective on shares of Texas Capital Bancshares in a research report on Monday, September 9th. Wedbush lifted their price target on shares of Texas Capital Bancshares from $70.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Hovde Group increased 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. Stephens boosted their target price on Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Jefferies Financial Group cut their price target on Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Texas Capital Bancshares has a consensus rating of “Hold” and an average 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.