Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Bought by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC increased its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 12.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,514 shares of the bank’s stock after purchasing an additional 3,346 shares during the quarter. Keeley Teton Advisors LLC owned 0.06% of Texas Capital Bancshares worth $1,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TCBI. SummerHaven Investment Management LLC boosted its position in shares of Texas Capital Bancshares by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 13,134 shares of the bank’s stock valued at $849,000 after purchasing an additional 175 shares during the period. Retirement Systems of Alabama boosted its position in shares of Texas Capital Bancshares by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 60,143 shares of the bank’s stock worth $3,887,000 after buying an additional 208 shares during the period. ProShare Advisors LLC lifted its stake in Texas Capital Bancshares by 3.3% in the 1st quarter. ProShare Advisors LLC now owns 10,804 shares of the bank’s stock worth $665,000 after acquiring an additional 344 shares in the last quarter. Headlands Technologies LLC boosted its holdings in shares of Texas Capital Bancshares by 41.9% during the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after purchasing an additional 476 shares during the period. Finally, CWM LLC boosted its stake in shares of Texas Capital Bancshares by 426.6% during the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after buying an additional 546 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Price Performance

Shares of TCBI traded up $1.10 on Friday, hitting $67.30. The company’s stock had a trading volume of 340,242 shares, compared to its average volume of 470,356. The company has a market capitalization of $3.11 billion, a PE ratio of 20.39, a PEG ratio of 1.75 and a beta of 1.15. Texas Capital Bancshares, Inc. has a fifty-two week low of $52.89 and a fifty-two week high of $72.07. The company has a 50 day moving average price of $61.05 and a 200 day moving average price of $60.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.99.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). Texas Capital Bancshares had a return on equity of 6.05% and a net margin of 8.08%. The business had revenue of $472.49 million during the quarter, compared to analyst estimates of $268.02 million. During the same period in the prior year, the firm posted $1.33 EPS. On average, research analysts anticipate that Texas Capital Bancshares, Inc. will post 3.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TCBI has been the subject of several recent research reports. Truist Financial increased their price objective on Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Citigroup reissued a “sell” rating and issued a $60.00 price objective on shares of Texas Capital Bancshares in a research note on Monday, July 22nd. Raymond James cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a report on Thursday, April 4th. Finally, Jefferies Financial Group decreased their target price on Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $65.19.

Insiders Place Their Bets

In related news, Director Robert W. Stallings purchased 3,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were acquired at an average cost of $19.50 per share, with a total value of $58,500.00. Following the completion of the purchase, the director now directly owns 156,706 shares of the company’s stock, valued at $3,055,767. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert W. Stallings purchased 3,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of $19.50 per share, with a total value of $58,500.00. Following the completion of the purchase, the director now directly owns 156,706 shares of the company’s stock, valued at approximately $3,055,767. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Stallings purchased 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average price of $19.52 per share, for a total transaction of $117,120.00. Following the acquisition, the director now owns 163,706 shares of the company’s stock, valued at $3,195,541.12. The disclosure for this purchase can be found here. Insiders have purchased a total of 15,504 shares of company stock valued at $303,178 in the last 90 days. 0.99% of the stock is currently owned by insiders.

Texas Capital Bancshares 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.