Swiss National Bank Has $6.51 Million Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Swiss National Bank decreased its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,050 shares of the bank’s stock after selling 2,200 shares during the period. Swiss National Bank owned about 0.20% of Texas Capital Bancshares worth $6,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in Texas Capital Bancshares by 87.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock worth $65,219,000 after acquiring an additional 506,094 shares during the last quarter. Millennium Management LLC lifted its position in Texas Capital Bancshares by 146.7% during the 2nd quarter. Millennium Management LLC now owns 372,370 shares of the bank’s stock valued at $22,767,000 after purchasing an additional 221,454 shares during the period. Mesirow Institutional Investment Management Inc. bought a new position in shares of Texas Capital Bancshares in the 2nd quarter valued at about $11,489,000. American Century Companies Inc. grew its position in shares of Texas Capital Bancshares by 43.8% during the 2nd quarter. American Century Companies Inc. now owns 562,507 shares of the bank’s stock worth $34,392,000 after buying an additional 171,263 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Texas Capital Bancshares by 1,905.7% during the second quarter. SG Americas Securities LLC now owns 78,864 shares of the bank’s stock worth $4,822,000 after buying an additional 74,932 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

TCBI has been the subject of a number of analyst reports. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $77.00 to $82.00 in a report on Friday, October 18th. StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Truist Financial raised their target price on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Bank of America raised Texas Capital Bancshares from an “underperform” rating to a “buy” rating and upped their price target for the company from $51.00 to $77.00 in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. Four investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.00.

Texas Capital Bancshares Stock Down 0.5 %

NASDAQ:TCBI opened at $89.24 on Wednesday. The company has a market cap of $4.12 billion, a PE ratio of 495.78, a PEG ratio of 0.83 and a beta of 1.12. The stock has a 50-day simple moving average of $77.97 and a 200 day simple moving average of $67.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares, Inc. has a 52-week low of $53.69 and a 52-week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.65. The company had revenue of $304.91 million during the quarter, compared to analysts’ expectations of $279.64 million. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. On average, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 4.15 EPS for the current fiscal year.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 20,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average cost of $21.28 per share, with a total value of $425,600.00. Following the completion of the transaction, the director now owns 84,587 shares of the company’s stock, valued at approximately $1,800,011.36. This trade represents a 30.97 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.53% of the company’s stock.

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.