Legal & General Group Plc Has $6.21 Million Stock Holdings in Texas Capital Bancshares, Inc. $TCBI

Legal & General Group Plc trimmed its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 7.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 68,605 shares of the bank’s stock after selling 5,160 shares during the period. Legal & General Group Plc’s holdings in Texas Capital Bancshares were worth $6,211,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TCBI. Danske Bank A S bought a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at about $25,000. Farther Finance Advisors LLC lifted its holdings in shares of Texas Capital Bancshares by 1,381.8% during the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after purchasing an additional 304 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Texas Capital Bancshares by 169.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after purchasing an additional 246 shares in the last quarter. Finally, Torren Management LLC bought a new position in shares of Texas Capital Bancshares during the 4th quarter valued at about $40,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Zacks Research lowered Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Royal Bank Of Canada lifted their target price on Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Citigroup lifted their target price on Texas Capital Bancshares from $88.00 to $96.00 and gave the company a “sell” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. dropped their target price on Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. Finally, Piper Sandler lifted their target price on Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Four investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $104.09.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Paola M. Arbour bought 1,000 shares of Texas Capital Bancshares stock in a transaction dated Wednesday, March 11th. The stock was bought at an average cost of $91.50 per share, for a total transaction of $91,500.00. Following the purchase, the director owned 6,671 shares of the company’s stock, valued at $610,396.50. The trade was a 17.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.91% of the company’s stock.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI opened at $101.69 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Texas Capital Bancshares, Inc. has a 12 month low of $73.27 and a 12 month high of $108.92. The stock has a 50 day moving average of $99.36 and a 200-day moving average of $96.93. The company has a market capitalization of $4.44 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.44 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, April 23rd. The bank reported $1.58 EPS for the quarter, topping the consensus estimate of $1.42 by $0.16. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The company had revenue of $323.99 million during the quarter, compared to the consensus estimate of $318.10 million. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, equities research analysts predict that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current year.

Texas Capital Bancshares Announces Dividend

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

Texas Capital Bancshares 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.