Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Short Interest Update

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,490,000 shares, a drop of 15.3% from the December 31st total of 1,760,000 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average daily volume of 445,700 shares, the short-interest ratio is currently 3.3 days.

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 2,006 shares of the stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $20.99 per share, with a total value of $42,105.94. Following the purchase, the director now owns 182,899 shares of the company’s stock, valued at approximately $3,839,050.01. This represents a 1.11 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have purchased 8,402 shares of company stock worth $213,837 in the last ninety days. Insiders own 0.99% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of institutional investors have recently added to or reduced their stakes in TCBI. Algert Global LLC boosted its stake in Texas Capital Bancshares by 367.3% in the third quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock valued at $1,595,000 after acquiring an additional 17,540 shares during the last quarter. Jane Street Group LLC lifted its stake in Texas Capital Bancshares by 107.2% in the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock valued at $9,481,000 after purchasing an additional 68,632 shares during the last quarter. LMR Partners LLP bought a new position in Texas Capital Bancshares during the third quarter valued at $740,000. Wolverine Asset Management LLC increased its position in Texas Capital Bancshares by 23.6% in 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 last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in Texas Capital Bancshares by 19.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank’s stock worth $4,045,000 after buying an additional 9,225 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Stock Down 0.4 %

Shares of Texas Capital Bancshares stock traded down $0.35 on Friday, hitting $78.95. The company had a trading volume of 369,049 shares, compared to its average volume of 460,022. Texas Capital Bancshares has a 1 year low of $54.68 and a 1 year high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.00. The stock has a 50 day moving average of $81.05 and a 200-day moving average of $74.87. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 61.68, a P/E/G ratio of 0.69 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 forecast that Texas Capital Bancshares will post 5.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. DA Davidson cut their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada lifted their price target on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday. Barclays boosted their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Texas Capital Bancshares presently has an average rating of “Hold” and a consensus target price of $79.13.

About Texas Capital Bancshares

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.