Bessemer Group Inc. Increases Stake in Texas Capital Bancshares, Inc. $TCBI

Bessemer Group Inc. increased its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 10.6% in the 4th quarter, HoldingsChannel reports. The fund owned 366,914 shares of the bank’s stock after purchasing an additional 35,047 shares during the period. Bessemer Group Inc.’s holdings in Texas Capital Bancshares were worth $33,220,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in TCBI. Danske Bank A S purchased a new stake in Texas Capital Bancshares in the 3rd quarter worth about $25,000. Farther Finance Advisors LLC increased its holdings in Texas Capital Bancshares by 1,381.8% in the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after acquiring an additional 304 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Texas Capital Bancshares in the 3rd quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Texas Capital Bancshares by 169.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock worth $35,000 after acquiring an additional 246 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in Texas Capital Bancshares in the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 20,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $22.69 per share, with a total value of $453,800.00. Following the completion of the acquisition, the director owned 169,587 shares of the company’s stock, valued at $3,847,929.03. This trade represents a 13.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paola M. Arbour acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average cost of $91.50 per share, with a total value of $91,500.00. Following the acquisition, the director directly owned 6,671 shares of the company’s stock, valued at $610,396.50. This represents a 17.63% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 46,500 shares of company stock valued at $1,113,500 in the last three months. 1.91% of the stock is owned by insiders.

Texas Capital Bancshares Stock Down 1.2%

TCBI stock opened at $95.98 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $4.19 billion, a PE ratio of 12.90, a PEG ratio of 1.36 and a beta of 0.68. Texas Capital Bancshares, Inc. has a twelve month low of $70.00 and a twelve month high of $108.92. The stock has a 50-day simple moving average of $97.36 and a two-hundred day simple moving average of $95.44.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The business had revenue of $323.99 million during the quarter, compared to analyst estimates of $318.10 million. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities analysts predict that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.8%.

Analyst Ratings Changes

Several brokerages recently weighed in on TCBI. DA Davidson lifted their price objective on Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. Royal Bank Of Canada lifted their price objective on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Citigroup lifted their target price on Texas Capital Bancshares from $88.00 to $96.00 and gave the company a “sell” rating in a report on Tuesday, April 28th. Finally, TD Cowen lifted their target price on Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Texas Capital Bancshares presently has an average rating of “Hold” and an average price target of $102.08.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.