Nisa Investment Advisors LLC increased its position in Texas Capital Bancshares Inc (NASDAQ:TCBI) by 16.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,720 shares of the bank’s stock after purchasing an additional 3,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Texas Capital Bancshares were worth $2,109,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Riverhead Capital Management LLC raised its holdings in Texas Capital Bancshares by 74.2% during the second quarter. Riverhead Capital Management LLC now owns 4,530 shares of the bank’s stock worth $351,000 after purchasing an additional 1,930 shares in the last quarter. Amalgamated Bank raised its holdings in Texas Capital Bancshares by 2.5% during the second quarter. Amalgamated Bank now owns 7,144 shares of the bank’s stock worth $553,000 after purchasing an additional 175 shares in the last quarter. Stevens Capital Management LP increased its holdings in shares of Texas Capital Bancshares by 203.2% in the second quarter. Stevens Capital Management LP now owns 12,905 shares of the bank’s stock valued at $999,000 after buying an additional 8,649 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Texas Capital Bancshares by 56.0% in the second quarter. PNC Financial Services Group Inc. now owns 8,238 shares of the bank’s stock valued at $638,000 after buying an additional 2,956 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Texas Capital Bancshares by 6.9% in the second quarter. Thrivent Financial For Lutherans now owns 10,010 shares of the bank’s stock valued at $775,000 after buying an additional 650 shares in the last quarter.
Texas Capital Bancshares Inc (NASDAQ:TCBI) traded up $0.50 during trading on Monday, reaching $90.25. 451,972 shares of the company’s stock were exchanged, compared to its average volume of 499,390. The firm has a market cap of $4,480.00, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 1.23 and a beta of 1.77. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 1.28. Texas Capital Bancshares Inc has a 52-week low of $69.65 and a 52-week high of $102.90.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.03. The business had revenue of $230.02 million during the quarter, compared to analyst estimates of $219.78 million. Texas Capital Bancshares had a net margin of 20.67% and a return on equity of 10.85%. During the same quarter in the prior year, the business earned $0.96 earnings per share. analysts forecast that Texas Capital Bancshares Inc will post 6.07 earnings per share for the current year.
Several research analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a report on Friday, October 20th. DA Davidson reiterated a “neutral” rating and set a $90.00 price objective on shares of Texas Capital Bancshares in a research report on Thursday, October 19th. Wedbush upgraded shares of Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $108.00 to $87.00 in a report on Thursday, December 21st. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Tuesday, December 26th. Finally, BidaskClub cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Texas Capital Bancshares has a consensus rating of “Hold” and an average target price of $98.75.
In other Texas Capital Bancshares news, CEO C Keith Cargill purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average price of $90.60 per share, with a total value of $181,200.00. Following the completion of the transaction, the chief executive officer now directly owns 82,286 shares of the company’s stock, valued at approximately $7,455,111.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.47% of the stock is currently owned by corporate insiders.
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Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
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