Hillsdale Investment Management Inc. Increases Stake in Texas Capital Bancshares, Inc. $TCBI

Hillsdale Investment Management Inc. increased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 57,777.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,090 shares of the bank’s stock after buying an additional 52,000 shares during the period. Hillsdale Investment Management Inc.’s holdings in Texas Capital Bancshares were worth $4,716,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Rothschild Investment LLC increased its stake in Texas Capital Bancshares by 31.7% during the 4th quarter. Rothschild Investment LLC now owns 1,872 shares of the bank’s stock worth $169,000 after buying an additional 451 shares during the period. Texas Capital Bank Wealth Management Services Inc increased its stake in Texas Capital Bancshares by 39.9% during the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 349,089 shares of the bank’s stock worth $31,607,000 after buying an additional 99,482 shares during the period. Geode Capital Management LLC increased its stake in Texas Capital Bancshares by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,197,494 shares of the bank’s stock worth $108,436,000 after buying an additional 33,709 shares during the period. Hantz Financial Services Inc. increased its stake in Texas Capital Bancshares by 333.3% during the 4th quarter. Hantz Financial Services Inc. now owns 988 shares of the bank’s stock worth $89,000 after buying an additional 760 shares during the period. Finally, William Blair Investment Management LLC increased its stake in Texas Capital Bancshares by 17.2% during the 4th 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 during the period. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Trading Down 0.2%

Shares of NASDAQ:TCBI opened at $99.49 on Friday. Texas Capital Bancshares, Inc. has a 52 week low of $70.11 and a 52 week high of $108.92. The company’s 50 day moving average is $98.70 and its two-hundred day moving average is $96.45. 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 cap of $4.34 billion, a PE ratio of 13.37, a P/E/G ratio of 1.41 and a beta of 0.68.

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

Texas Capital Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. JPMorgan Chase & Co. cut their target price on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Royal Bank Of Canada upped their target price on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Citigroup increased their price objective on shares of Texas Capital Bancshares from $88.00 to $96.00 and gave the company a “sell” rating in a research report on Tuesday, April 28th. Finally, Zacks Research downgraded shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average price target of $104.09.

Insiders Place Their Bets

In related news, Director Paola M. Arbour bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of $91.50 per share, with a total value of $91,500.00. Following the transaction, the director directly owned 6,671 shares of the company’s stock, valued at approximately $610,396.50. This represents a 17.63% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Stallings bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of $22.69 per share, for a total transaction of $453,800.00. Following the completion of the transaction, the director directly owned 169,587 shares in the company, valued at approximately $3,847,929.03. The trade was a 13.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 26,500 shares of company stock worth $670,700 over the last ninety days. Insiders own 1.91% of the company’s stock.

Texas Capital Bancshares Company 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.