Capital Fund Management S.A. Boosts Stock Holdings in Texas Capital Bancshares, Inc. $TCBI

Capital Fund Management S.A. boosted its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 298.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,255 shares of the bank’s stock after purchasing an additional 57,116 shares during the period. Capital Fund Management S.A.’s holdings in Texas Capital Bancshares were worth $5,696,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its position in Texas Capital Bancshares by 9.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 813,028 shares of the bank’s stock valued at $60,733,000 after purchasing an additional 68,195 shares during the period. Northern Trust Corp lifted its position in Texas Capital Bancshares by 12.0% during the fourth quarter. Northern Trust Corp now owns 660,478 shares of the bank’s stock valued at $51,649,000 after purchasing an additional 70,804 shares during the period. Wellington Management Group LLP lifted its position in Texas Capital Bancshares by 2.5% during the first quarter. Wellington Management Group LLP now owns 591,488 shares of the bank’s stock valued at $44,184,000 after purchasing an additional 14,169 shares during the period. Millennium Management LLC lifted its position in Texas Capital Bancshares by 60.6% during the fourth quarter. Millennium Management LLC now owns 385,477 shares of the bank’s stock valued at $30,144,000 after purchasing an additional 145,393 shares during the period. Finally, Nuveen LLC bought a new position in Texas Capital Bancshares during the first quarter valued at approximately $25,808,000. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI opened at $87.50 on Friday. The firm has a fifty day moving average price of $83.16 and a 200-day moving average price of $76.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $4.00 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 0.70 and a beta of 0.65. Texas Capital Bancshares, Inc. has a 1 year low of $59.37 and a 1 year high of $94.61.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.35. The firm had revenue of $307.46 million during the quarter, compared to analysts’ expectations of $298.90 million. Texas Capital Bancshares had a net margin of 6.79% and a return on equity of 10.36%. During the same period in the prior year, the company posted $0.80 earnings per share. Equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TCBI shares. JPMorgan Chase & Co. increased their price objective on shares of Texas Capital Bancshares from $70.00 to $82.00 and gave the company an “underweight” rating in a research report on Tuesday, July 1st. Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Citigroup increased their price target on shares of Texas Capital Bancshares from $69.00 to $79.00 and gave the stock a “sell” rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods increased their price target on shares of Texas Capital Bancshares from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Hovde Group increased their price target on shares of Texas Capital Bancshares from $75.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $83.50.

Insider Activity

In other news, Director Robert W. Stallings acquired 10,500 shares of Texas Capital Bancshares stock in a transaction dated Wednesday, June 11th. The stock was purchased at an average cost of $20.28 per share, with a total value of $212,940.00. Following the completion of the purchase, the director directly owned 60,000 shares in the company, valued at approximately $1,216,800. This trade represents a 21.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.72% of the stock is currently owned by company insiders.

Texas Capital Bancshares 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.