Jackson Creek Investment Advisors LLC Acquires Shares of 19,493 Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Jackson Creek Investment Advisors LLC bought a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,493 shares of the bank’s stock, valued at approximately $1,524,000.

A number of other hedge funds also recently modified their holdings of the stock. Creative Planning acquired a new stake in Texas Capital Bancshares during the third quarter worth about $440,000. State of Alaska Department of Revenue lifted its holdings in shares of Texas Capital Bancshares by 3.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock worth $383,000 after acquiring an additional 180 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $201,000. NJ State Employees Deferred Compensation Plan bought a new position in Texas Capital Bancshares in the third quarter valued at approximately $214,000. Finally, Wolverine Asset Management LLC raised its position in Texas Capital Bancshares by 23.6% during the third quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank’s stock valued at $2,933,000 after purchasing an additional 7,849 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 7,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $20.43 per share, for a total transaction of $143,010.00. Following the acquisition, the director now owns 49,500 shares in the company, valued at approximately $1,011,285. The trade was a 16.47 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 29,402 shares of company stock worth $653,787. 0.99% of the stock is currently owned by insiders.

Texas Capital Bancshares Stock Down 2.0 %

Shares of NASDAQ:TCBI opened at $73.72 on Friday. The firm has a market cap of $3.39 billion, a P/E ratio of 57.59, a P/E/G ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 12-month low of $54.68 and a 12-month high of $91.80. The business has a fifty day simple moving average of $79.01 and a 200 day simple moving average of $77.65. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

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

Analyst Upgrades and Downgrades

TCBI has been the topic of a number of research analyst reports. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. DA Davidson decreased their target price on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Stephens dropped their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Barclays lifted their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut their target price on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $79.13.

Texas Capital Bancshares Company Profile

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.