10,000 Shares in Texas Capital Bancshares, Inc. $TCBI Purchased by Rosenthal Henry Capital Advisors Inc.

Rosenthal Henry Capital Advisors Inc. purchased a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the bank’s stock, valued at approximately $953,000.

A number of other hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Texas Capital Bancshares by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 263,975 shares of the bank’s stock valued at $22,314,000 after purchasing an additional 14,240 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Texas Capital Bancshares by 57,777.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 52,090 shares of the bank’s stock valued at $4,716,000 after buying an additional 52,000 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Texas Capital Bancshares during the third quarter worth approximately $4,299,000. William Blair Investment Management LLC grew its position in shares of Texas Capital Bancshares by 17.2% during the fourth quarter. William Blair Investment Management LLC now owns 468,000 shares of the bank’s stock worth $42,373,000 after buying an additional 68,539 shares in the last quarter. Finally, Faithward Advisors LLC bought a new stake in shares of Texas Capital Bancshares in the third quarter worth $3,817,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $104.54 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.47 and a beta of 0.67. Texas Capital Bancshares, Inc. has a twelve month low of $75.41 and a twelve month high of $108.92. The business has a 50 day simple moving average of $100.23 and a 200-day simple moving average of $98.37.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. The firm had revenue of $323.99 million for the quarter, compared to analysts’ expectations of $318.10 million. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. As a group, equities research analysts expect that Texas Capital Bancshares, Inc. will post 7.63 earnings per share for the current year.

Texas Capital Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Texas Capital Bancshares’s dividend payout ratio is 10.75%.

Insiders Place Their Bets

In other news, 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 transaction, the insider directly owned 23,810 shares in the company, valued at approximately $2,403,619.50. This trade represents a 12.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rob C. Holmes sold 49,500 shares of Texas Capital Bancshares stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the completion of the transaction, the chief executive officer directly owned 167,635 shares of the company’s stock, valued at $16,968,014.70. This trade represents a 22.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,100 shares of company stock worth $10,366,023 over the last three months. 1.91% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TCBI shares. Royal Bank Of Canada upped their price target on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Piper Sandler raised their price objective on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Wall Street Zen downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Fundamental Research set a $110.00 target price on shares of Texas Capital Bancshares in a research note on Wednesday. Finally, Citigroup raised shares of Texas Capital Bancshares from a “sell” rating to a “neutral” rating and increased their price target for the stock from $96.00 to $105.00 in a research report on Tuesday. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus price target of $106.17.

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.