Intech Investment Management LLC Buys 107,356 Shares of Texas Capital Bancshares, Inc. $TCBI

Intech Investment Management LLC boosted its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 355.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 137,587 shares of the bank’s stock after buying an additional 107,356 shares during the period. Intech Investment Management LLC owned approximately 0.30% of Texas Capital Bancshares worth $11,630,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Texas Capital Bancshares by 4.6% during the first 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. lifted its holdings in Texas Capital Bancshares by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock worth $41,837,000 after purchasing an additional 20,231 shares during the last quarter. United Services Automobile Association bought a new stake in Texas Capital Bancshares in the 1st quarter valued at $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 valued at $8,050,000 after purchasing an additional 24,538 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its holdings in Texas Capital Bancshares by 6.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 26,141 shares of the bank’s stock valued at $2,076,000 after buying an additional 1,545 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average cost of $22.14 per share, for a total transaction of $442,800.00. Following the transaction, the director directly owned 335,913 shares in the company, valued at $7,437,113.82. This represents a 6.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Laura L. Whitley acquired 500 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, January 26th. The stock was acquired at an average cost of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the purchase, the director directly owned 7,961 shares of the company’s stock, valued at $776,277.11. This represents a 6.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 23,000 shares of company stock valued at $582,155 over the last 90 days. Corporate insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Price Performance

TCBI stock opened at $101.50 on Friday. The company’s 50-day moving average price is $98.61 and its two-hundred day moving average price is $90.73. The firm has a market cap of $4.48 billion, a P/E ratio of 14.93, a P/E/G ratio of 0.48 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, Inc. has a 12 month low of $59.37 and a 12 month high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.30. The company had revenue of $327.48 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $1.43 EPS. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on TCBI. JPMorgan Chase & Co. lifted their target price on Texas Capital Bancshares from $92.00 to $105.00 and gave the stock an “underweight” rating in a report on Tuesday, December 16th. Stephens raised their price target on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Citigroup lifted their price objective on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a research note on Monday, January 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. Finally, Raymond James Financial raised their target price on shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $101.17.

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.