Jupiter Asset Management Ltd. Raises Stock Holdings in Texas Capital Bancshares, Inc. $TCBI

Jupiter Asset Management Ltd. boosted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 148.8% during the 3rd quarter, Holdings Channel reports. The firm owned 379,331 shares of the bank’s stock after acquiring an additional 226,872 shares during the period. Jupiter Asset Management Ltd.’s holdings in Texas Capital Bancshares were worth $32,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at $39,000. True Wealth Design LLC grew its position in Texas Capital Bancshares by 106.8% during the third quarter. True Wealth Design LLC now owns 643 shares of the bank’s stock valued at $54,000 after buying an additional 332 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Texas Capital Bancshares by 452.6% during the second quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank’s stock worth $59,000 after buying an additional 611 shares during the last quarter. Quent Capital LLC purchased a new stake in Texas Capital Bancshares during the third quarter worth about $60,000. Finally, GAMMA Investing LLC raised its position in Texas Capital Bancshares by 10.0% in the third quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $113,000 after acquiring an additional 121 shares during the period. Institutional investors own 96.88% of the company’s stock.

Insiders Place Their Bets

In other news, Director Laura L. Whitley purchased 500 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were purchased at an average price of $97.51 per share, with a total value of $48,755.00. Following the completion of the acquisition, the director owned 7,961 shares in the company, valued at $776,277.11. This trade represents a 6.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert W. Stallings acquired 2,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was acquired at an average price of $20.91 per share, for a total transaction of $41,820.00. Following the transaction, the director directly owned 277,913 shares of the company’s stock, valued at $5,811,160.83. This represents a 0.72% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 3,000 shares of company stock valued at $139,355 over the last 90 days. Company insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Stock Down 0.3%

TCBI stock opened at $104.64 on Friday. The stock has a 50-day simple moving average of $98.05 and a two-hundred day simple moving average of $90.06. Texas Capital Bancshares, Inc. has a twelve month low of $59.37 and a twelve month high of $108.92. The firm has a market capitalization of $4.62 billion, a PE ratio of 15.39, a PEG ratio of 0.51 and a beta of 0.68. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.30. The company had revenue of $327.48 million during the quarter, compared to analyst estimates of $324.09 million. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. During the same period last year, the business earned $1.43 earnings per share. On average, equities analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on TCBI. Piper Sandler increased their target price on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Keefe, Bruyette & Woods boosted their target price on Texas Capital Bancshares from $98.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Raymond James Financial increased their price target on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Zacks Research upgraded Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada upped their price objective on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company a “sector perform” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus target price of $101.17.

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.