JPMorgan Chase & Co. Acquires 14,240 Shares of Texas Capital Bancshares, Inc. $TCBI

JPMorgan Chase & Co. lifted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 263,975 shares of the bank’s stock after purchasing an additional 14,240 shares during the quarter. JPMorgan Chase & Co.’s holdings in Texas Capital Bancshares were worth $22,314,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Danske Bank A S bought a new position in Texas Capital Bancshares in the third quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new position in shares of Texas Capital Bancshares in the third quarter valued at approximately $32,000. Cullen Frost Bankers Inc. bought a new stake in shares of Texas Capital Bancshares during the third quarter worth $39,000. Caitong International Asset Management Co. Ltd increased its position in shares of Texas Capital Bancshares by 793.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the bank’s stock worth $45,000 after acquiring an additional 476 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in shares of Texas Capital Bancshares by 106.8% during the third quarter. True Wealth Design LLC now owns 643 shares of the bank’s stock worth $54,000 after acquiring an additional 332 shares during the period. 96.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Laura L. Whitley acquired 500 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was bought at an average price of $97.51 per share, for a total transaction of $48,755.00. Following the acquisition, the director directly owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. The trade was a 6.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Stallings bought 5,500 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $22.80 per share, for a total transaction of $125,400.00. Following the transaction, the director owned 175,087 shares of the company’s stock, valued at $3,991,983.60. The trade was a 3.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 49,500 shares of company stock valued at $1,252,855 in the last three months. 1.91% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a research report on Tuesday, December 16th. Stephens increased their target price on Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Raymond James Financial lifted their price target on Texas Capital Bancshares from $98.00 to $105.00 and gave the company 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 report on Monday, February 2nd. Finally, Piper Sandler upped their price objective on Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. One 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $101.17.

Texas Capital Bancshares Price Performance

NASDAQ TCBI opened at $94.58 on Wednesday. The firm’s 50 day moving average is $98.37 and its 200-day moving average is $91.83. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $4.18 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66. 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 announced its earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, topping the consensus estimate of $1.78 by $0.30. The business had revenue of $327.48 million during the quarter, compared to analysts’ expectations 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 company posted $1.43 earnings per share. Equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

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.