Tieton Capital Management LLC Has $8.80 Million Stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Tieton Capital Management LLC raised its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 23.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,580 shares of the bank’s stock after acquiring an additional 21,080 shares during the quarter. Texas Capital Bancshares makes up 3.5% of Tieton Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Tieton Capital Management LLC owned 0.24% of Texas Capital Bancshares worth $8,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TCBI. Picton Mahoney Asset Management purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $30,000. Assetmark Inc. bought a new position in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $32,000. Icon Wealth Advisors LLC bought a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at approximately $31,000. Venturi Wealth Management LLC bought a new position in Texas Capital Bancshares in the 4th quarter worth approximately $37,000. Finally, R Squared Ltd bought a new position in Texas Capital Bancshares in the 4th quarter worth approximately $41,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,670 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were bought at an average price of $27.60 per share, for a total transaction of $156,492.00. Following the purchase, the director now owns 180,893 shares in the company, valued at approximately $4,992,646.80. This trade represents a 3.24 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have acquired 29,402 shares of company stock worth $653,787. Insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Price Performance

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

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. As a group, equities analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stephens decreased their price objective on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. Hovde Group dropped their target price on Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating for the company in a research report on Friday, March 7th. Finally, StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $79.47.

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.