Texas Capital Bancshares, Inc. $TCBI Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 4,548,611 shares of the bank’s stock after selling 80,788 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Texas Capital Bancshares worth $411,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. AQR Capital Management LLC increased its holdings in shares of Texas Capital Bancshares by 25.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock worth $162,229,000 after acquiring an additional 384,748 shares during the period. Azora Capital LP increased its holdings in shares of Texas Capital Bancshares by 11.5% in the 3rd quarter. Azora Capital LP now owns 1,036,613 shares of the bank’s stock worth $87,625,000 after acquiring an additional 106,599 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Texas Capital Bancshares by 2.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank’s stock worth $76,740,000 after acquiring an additional 18,258 shares during the period. Goldman Sachs Group Inc. grew its position in Texas Capital Bancshares by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock valued at $41,837,000 after buying an additional 20,231 shares in the last quarter. Finally, Heartland Advisors Inc. grew its position in Texas Capital Bancshares by 1.4% in the 3rd quarter. Heartland Advisors Inc. now owns 410,903 shares of the bank’s stock valued at $34,734,000 after buying an additional 5,734 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $102.35 on Thursday. Texas Capital Bancshares, Inc. has a twelve month low of $69.65 and a twelve month high of $108.92. 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 50-day moving average of $97.28 and a 200-day moving average of $94.77. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $318.10 million. During the same quarter last year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts forecast 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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%.

Analyst Ratings Changes

TCBI has been the subject of a number of recent analyst reports. Piper Sandler increased their target price on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Citigroup increased their target price 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. Raymond James Financial increased their target price on shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. decreased their target price on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Finally, DA Davidson increased their target price on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $102.08.

Insider Transactions at Texas Capital Bancshares

In other news, Director Paola M. Arbour acquired 1,000 shares of Texas Capital Bancshares stock in a transaction on Wednesday, March 11th. The stock was bought at an average cost of $91.50 per share, with a total value of $91,500.00. Following the completion of the purchase, the director owned 6,671 shares of the company’s stock, valued at $610,396.50. This represents a 17.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert W. Stallings acquired 5,500 shares of Texas Capital Bancshares stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $22.80 per share, with a total value of $125,400.00. Following the completion of the purchase, the director directly owned 175,087 shares of the company’s stock, valued at approximately $3,991,983.60. This represents a 3.24% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 46,500 shares of company stock valued at $1,113,500 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.