Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Quest Partners LLC

Quest Partners LLC cut its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 78.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,178 shares of the bank’s stock after selling 8,102 shares during the quarter. Quest Partners LLC’s holdings in Texas Capital Bancshares were worth $156,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its position in Texas Capital Bancshares by 326.6% during the 3rd quarter. Victory Capital Management Inc. now owns 70,103 shares of the bank’s stock worth $5,010,000 after purchasing an additional 53,669 shares in the last quarter. Wolverine Asset Management LLC grew its stake 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 worth $2,933,000 after buying an additional 7,849 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Texas Capital Bancshares in the third quarter worth $214,000. Crossmark Global Holdings Inc. purchased a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at $201,000. Finally, 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 valued at $383,000 after acquiring an additional 180 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on TCBI shares. Truist Financial increased their price target on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a report on Monday, October 21st. Royal Bank of Canada increased their target price on Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Hovde Group boosted their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Piper Sandler cut Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Finally, DA Davidson lifted their price objective on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Texas Capital Bancshares Trading Down 0.0 %

NASDAQ:TCBI opened at $89.22 on Friday. Texas Capital Bancshares, Inc. has a 52 week low of $53.69 and a 52 week high of $91.80. The business’s 50 day moving average is $78.66 and its two-hundred day moving average is $68.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market cap of $4.12 billion, a PE ratio of 495.67, a P/E/G ratio of 0.85 and a beta of 1.12.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, October 17th. The bank reported $1.62 EPS for the quarter, beating the consensus estimate of $0.97 by $0.65. The firm had revenue of $304.91 million for the quarter, compared to analysts’ expectations of $279.64 million. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. On average, analysts predict that Texas Capital Bancshares, Inc. will post 4.15 EPS for the current year.

Insider Activity at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 20,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were purchased at an average price of $21.28 per share, for a total transaction of $425,600.00. Following the acquisition, the director now owns 84,587 shares in the company, valued at approximately $1,800,011.36. This represents a 30.97 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.99% 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.