State of Tennessee Department of Treasury Acquires 1,801 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

State of Tennessee Department of Treasury grew its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,571 shares of the bank’s stock after purchasing an additional 1,801 shares during the period. State of Tennessee Department of Treasury’s holdings in Texas Capital Bancshares were worth $1,687,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Barclays PLC grew its holdings in Texas Capital Bancshares by 19.6% during the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank’s stock valued at $7,786,000 after buying an additional 17,863 shares in the last quarter. Cim Investment Management Inc. purchased a new stake in shares of Texas Capital Bancshares in the third quarter worth $212,000. Moody National Bank Trust Division grew its position in Texas Capital Bancshares by 9.5% during the fourth quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank’s stock worth $1,358,000 after buying an additional 1,508 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Texas Capital Bancshares by 5.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank’s stock valued at $700,000 after acquiring an additional 450 shares during the last quarter. Finally, KBC Group NV grew its stake in Texas Capital Bancshares by 64.2% in the 4th quarter. KBC Group NV now owns 2,172 shares of the bank’s stock worth $170,000 after buying an additional 849 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $68.50 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 53.52, a P/E/G ratio of 0.75 and a beta of 0.74. The company has a 50 day simple moving average of $71.23 and a two-hundred day simple moving average of $77.78. Texas Capital Bancshares, Inc. has a fifty-two week low of $56.24 and a fifty-two week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). The company had revenue of $280.48 million during the quarter, compared to analysts’ expectations of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stephens lowered their price target on Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Raymond James reduced their price target on Texas Capital Bancshares from $87.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, April 21st. Hovde Group cut their price target on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Piper Sandler dropped their price objective on Texas Capital Bancshares from $84.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Finally, StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average price target of $76.64.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was purchased at an average price of $21.32 per share, for a total transaction of $149,240.00. Following the completion of the purchase, the director now directly owns 215,413 shares of the company’s stock, valued at $4,592,605.16. This trade represents a 3.36 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought 31,000 shares of company stock valued at $1,102,065 over the last 90 days. Corporate insiders own 1.72% of the company’s stock.

Texas Capital Bancshares 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.