Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP increased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,302 shares of the bank’s stock after purchasing an additional 956 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Texas Capital Bancshares were worth $649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pathstone Holdings LLC boosted its holdings in Texas Capital Bancshares by 3.3% during the 3rd quarter. Pathstone Holdings LLC now owns 42,663 shares of the bank’s stock valued at $3,049,000 after acquiring an additional 1,365 shares during the period. Intech Investment Management LLC grew its holdings in shares of Texas Capital Bancshares by 42.6% in the third quarter. Intech Investment Management LLC now owns 17,949 shares of the bank’s stock valued at $1,283,000 after purchasing an additional 5,361 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Texas Capital Bancshares by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock worth $40,792,000 after buying an additional 10,171 shares during the period. Icon Wealth Advisors LLC acquired a new stake in Texas Capital Bancshares during the 3rd quarter worth approximately $31,000. Finally, Algert Global LLC boosted its position in Texas Capital Bancshares by 367.3% in the 3rd quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock valued at $1,595,000 after buying an additional 17,540 shares during the period. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TCBI. JPMorgan Chase & Co. cut their price objective on 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. Stephens reduced their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Hovde Group reduced their target price on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a report on Friday, March 7th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $79.47.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock opened at $75.88 on Monday. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80. 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 firm has a market capitalization of $3.50 billion, a PE ratio of 59.28, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. The stock’s 50 day moving average price is $78.25 and its 200 day moving average price is $78.45.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,670 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were bought at an average price of $27.60 per share, with a total value of $156,492.00. Following the completion of the acquisition, the director now owns 180,893 shares in the company, valued at approximately $4,992,646.80. This represents a 3.24 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought 29,402 shares of company stock valued at $653,787 in the last ninety days. Company insiders own 1.72% 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.