Tieton Capital Management LLC Purchases 21,080 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Tieton Capital Management LLC increased its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 23.0% during the fourth quarter, HoldingsChannel reports. The fund owned 112,580 shares of the bank’s stock after buying an additional 21,080 shares during the quarter. Texas Capital Bancshares comprises about 3.5% of Tieton Capital Management LLC’s portfolio, making the stock its 13th largest holding. Tieton Capital Management LLC’s holdings in Texas Capital Bancshares were worth $8,804,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TCBI. Wellington Management Group LLP grew its position in Texas Capital Bancshares by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after acquiring an additional 150,301 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at about $8,080,000. Fisher Asset Management LLC increased its stake in shares of Texas Capital Bancshares by 26.9% in the fourth quarter. Fisher Asset Management LLC now owns 339,716 shares of the bank’s stock valued at $26,566,000 after buying an additional 72,109 shares during the period. Jane Street Group LLC lifted its stake in shares of Texas Capital Bancshares by 107.2% in the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after acquiring an additional 68,632 shares during the period. Finally, Hodges Capital Management Inc. boosted its holdings in Texas Capital Bancshares by 32.5% in the fourth quarter. Hodges Capital Management Inc. now owns 252,973 shares of the bank’s stock valued at $19,782,000 after acquiring an additional 62,030 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TCBI. JPMorgan Chase & Co. dropped 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 report on Friday, January 24th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Barclays increased their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. DA Davidson dropped their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Finally, Stephens decreased their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Three equities research 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. According to MarketBeat, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus price target of $79.47.

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $75.88 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day moving average price of $78.25 and a two-hundred day moving average price of $78.45. The firm has a market capitalization of $3.50 billion, a P/E ratio of 59.28, a P/E/G ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 52 week low of $54.68 and a 52 week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping 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%. Equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,006 shares of Texas Capital Bancshares stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $20.99 per share, with a total value of $42,105.94. Following the completion of the acquisition, the director now directly owns 182,899 shares in the company, valued at approximately $3,839,050.01. The trade was a 1.11 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders purchased 29,402 shares of company stock valued at $653,787. Corporate insiders own 1.72% of the company’s stock.

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.