Kennedy Capital Management LLC Increases Holdings in Texas Capital Bancshares, Inc. $TCBI

Kennedy Capital Management LLC lifted its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 31.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,542 shares of the bank’s stock after acquiring an additional 52,551 shares during the quarter. Kennedy Capital Management LLC’s holdings in Texas Capital Bancshares were worth $19,787,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TCBI. Danske Bank A S purchased a new stake in Texas Capital Bancshares in the 3rd quarter valued at approximately $25,000. Farther Finance Advisors LLC lifted its stake in Texas Capital Bancshares by 1,381.8% in the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after buying an additional 304 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Texas Capital Bancshares in the 3rd quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Texas Capital Bancshares by 169.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after buying an additional 246 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Texas Capital Bancshares in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Up 1.1%

Shares of NASDAQ TCBI opened at $101.51 on Friday. Texas Capital Bancshares, Inc. has a 12-month low of $73.61 and a 12-month high of $108.92. The company has a market cap of $4.43 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.44 and a beta of 0.67. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $100.02 and a 200 day moving average price of $97.49.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $323.99 million during the quarter, compared to analysts’ expectations of $318.10 million. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 EPS. Research analysts anticipate that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio (DPR) is presently 10.75%.

Insider Activity

In other news, insider Anna M. Alvarado sold 3,500 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the transaction, the insider owned 23,810 shares of the company’s stock, valued at approximately $2,403,619.50. This trade represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rob C. Holmes sold 49,500 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the transaction, the chief executive officer directly owned 167,635 shares in the company, valued at $16,968,014.70. The trade was a 22.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 102,100 shares of company stock worth $10,366,023 in the last ninety days. Corporate insiders own 1.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TCBI shares. Citigroup upped their target price on Texas Capital Bancshares from $88.00 to $96.00 and gave the company a “sell” rating in a research note on Tuesday, April 28th. Zacks Research lowered Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Royal Bank Of Canada upped their target price on Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Piper Sandler upped their target price on Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. reduced their target price on Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $104.09.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.