Jefferies Financial Group Inc. Invests $824,000 in Texas Capital Bancshares, Inc. $TCBI

Jefferies Financial Group Inc. bought a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,104 shares of the bank’s stock, valued at approximately $824,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TCBI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Texas Capital Bancshares by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock worth $2,062,000 after acquiring an additional 1,206 shares during the period. Goldman Sachs Group Inc. grew its stake in Texas Capital Bancshares by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock worth $41,837,000 after acquiring an additional 20,231 shares during the period. United Services Automobile Association purchased a new stake in Texas Capital Bancshares in the 1st quarter worth approximately $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Texas Capital Bancshares by 29.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,761 shares of the bank’s stock worth $8,050,000 after acquiring an additional 24,538 shares during the period. Finally, Invesco Ltd. grew its stake in Texas Capital Bancshares by 34.0% in the 2nd quarter. Invesco Ltd. now owns 149,559 shares of the bank’s stock worth $11,875,000 after acquiring an additional 37,982 shares during the period. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Down 0.2%

Shares of TCBI opened at $99.49 on Friday. The firm has a market cap of $4.34 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.42 and a beta of 0.68. The company’s fifty day moving average is $98.70 and its two-hundred day moving average is $96.45. Texas Capital Bancshares, Inc. has a fifty-two week low of $70.11 and a fifty-two week high of $108.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $318.10 million. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. Texas Capital Bancshares’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the business earned $0.92 EPS. Analysts forecast that Texas Capital Bancshares, Inc. will post 7.63 earnings per share for the current year.

Texas Capital Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, June 1st.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Zacks Research cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Royal Bank Of Canada lifted their target price on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Citigroup lifted their target price on shares of Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.09.

Insiders Place Their Bets

In related news, Director Robert W. Stallings purchased 20,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were bought at an average price of $22.69 per share, for a total transaction of $453,800.00. Following the acquisition, the director directly owned 169,587 shares in the company, valued at $3,847,929.03. This trade represents a 13.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Paola M. Arbour purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $91.50 per share, for a total transaction of $91,500.00. Following the acquisition, the director owned 6,671 shares in the company, valued at $610,396.50. The trade was a 17.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 26,500 shares of company stock worth $670,700. 1.91% of the stock is owned by company insiders.

Texas Capital Bancshares Company Profile

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.