Ieq Capital LLC Makes New $3.55 Million Investment in Texas Capital Bancshares, Inc. $TCBI

Ieq Capital LLC acquired a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the second quarter, HoldingsChannel.com reports. The firm acquired 34,404 shares of the bank’s stock, valued at approximately $3,553,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Danske Bank A S purchased a new stake in Texas Capital Bancshares in the 3rd quarter valued at about $25,000. Farther Finance Advisors LLC boosted its position in shares of Texas Capital Bancshares by 1,381.8% in the fourth 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. Root Financial Partners LLC grew its holdings in Texas Capital Bancshares by 85.2% in the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after purchasing an additional 150 shares during the period. Advisory Services Network LLC purchased a new stake in Texas Capital Bancshares in the third quarter valued at approximately $32,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Texas Capital Bancshares during the fourth quarter worth approximately $36,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on TCBI. Stephens cut their price target on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Texas Capital Bancshares in a report on Monday, July 6th. JPMorgan Chase & Co. increased their target price on Texas Capital Bancshares from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 1st. Citigroup lifted their target price on Texas Capital Bancshares from $105.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Fundamental Research set a $110.00 price target on Texas Capital Bancshares in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average target price of $105.83.

Insider Activity at Texas Capital Bancshares

In related news, insider Ellen Detrich sold 2,045 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $100.03, for a total value of $204,561.35. Following the completion of the sale, the insider directly owned 7,529 shares in the company, valued at approximately $753,125.87. This represents a 21.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anna M. Alvarado sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total value of $353,325.00. Following the completion of the transaction, the insider directly owned 23,810 shares in the company, valued at $2,403,619.50. This trade represents a 12.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 104,145 shares of company stock worth $10,570,584. Corporate insiders own 1.91% of the company’s stock.

Texas Capital Bancshares Trading Down 0.3%

NASDAQ TCBI opened at $98.00 on Tuesday. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 1.20 and a beta of 0.68. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a one year low of $75.41 and a one year high of $108.92. The company’s 50 day moving average price is $101.26 and its 200 day moving average price is $99.68.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.01. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The company had revenue of $335.50 million during the quarter, compared to the consensus estimate of $333.37 million. During the same period in the previous year, the firm earned $1.63 earnings per share. Texas Capital Bancshares’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts predict that Texas Capital Bancshares, Inc. will post 7.39 EPS for the current year.

Texas Capital Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Capital Bancshares’s dividend payout ratio is 10.40%.

Texas Capital Bancshares Profile

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.