Zeke Capital Advisors LLC purchased a new stake in Texas Capital Bancshares Inc (NASDAQ:TCBI) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,563 shares of the bank’s stock, valued at approximately $228,000.
Several other institutional investors have also recently modified their holdings of the company. Signature Financial Management Inc. bought a new stake in Texas Capital Bancshares during the third quarter worth about $215,000. Legato Capital Management LLC acquired a new position in Texas Capital Bancshares during the fourth quarter worth approximately $227,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Texas Capital Bancshares by 39.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the bank’s stock worth $250,000 after buying an additional 791 shares during the last quarter. Exane Derivatives increased its position in Texas Capital Bancshares by 78.6% during the fourth quarter. Exane Derivatives now owns 2,850 shares of the bank’s stock worth $253,000 after buying an additional 1,254 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its position in Texas Capital Bancshares by 28.4% during the fourth quarter. Meadow Creek Investment Management LLC now owns 3,040 shares of the bank’s stock worth $270,000 after buying an additional 672 shares during the last quarter.
A number of brokerages have weighed in on TCBI. UBS began coverage on Texas Capital Bancshares in a research report on Thursday. They set a “sell” rating on the stock. BidaskClub raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday. Stephens reaffirmed a “hold” rating on shares of Texas Capital Bancshares in a research report on Tuesday, March 6th. Zacks Investment Research downgraded Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, Barclays reaffirmed a “neutral” rating and issued a $104.00 target price (up previously from $90.00) on shares of Texas Capital Bancshares in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $98.75.
In other news, CEO C Keith Cargill purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was bought at an average cost of $90.60 per share, for a total transaction of $181,200.00. Following the purchase, the chief executive officer now owns 82,286 shares of the company’s stock, valued at $7,455,111.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ian J. Turpin sold 1,186 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $89.55, for a total value of $106,206.30. Following the completion of the transaction, the director now owns 9,491 shares of the company’s stock, valued at $849,919.05. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.
Shares of Texas Capital Bancshares stock traded down $2.25 during mid-day trading on Thursday, hitting $92.75. The company had a trading volume of 92,221 shares, compared to its average volume of 467,175. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $4,685.53, a PE ratio of 25.47, a P/E/G ratio of 1.30 and a beta of 1.75. Texas Capital Bancshares Inc has a fifty-two week low of $69.65 and a fifty-two week high of $102.90.
Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, January 24th. The bank reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.03. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. The firm had revenue of $230.02 million during the quarter, compared to analysts’ expectations of $219.78 million. During the same period in the prior year, the company earned $0.96 earnings per share. equities research analysts predict that Texas Capital Bancshares Inc will post 6.07 earnings per share for the current fiscal year.
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Texas Capital Bancshares 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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