Stephens Inc. AR Sells 10,000 Shares of Texas Capital Bancshares, Inc. $TCBI

Stephens Inc. AR decreased its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 80.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,500 shares of the bank’s stock after selling 10,000 shares during the quarter. Stephens Inc. AR’s holdings in Texas Capital Bancshares were worth $226,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TCBI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Texas Capital Bancshares by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock worth $2,062,000 after purchasing an additional 1,206 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of 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 period. United Services Automobile Association bought a new position in shares of Texas Capital Bancshares during the 1st quarter worth about $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Texas Capital Bancshares by 29.5% during 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 purchasing an additional 24,538 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Texas Capital Bancshares by 34.0% during the 2nd quarter. Invesco Ltd. now owns 149,559 shares of the bank’s stock worth $11,875,000 after purchasing an additional 37,982 shares during the period. Institutional investors own 96.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Hovde Group boosted their price objective on shares of Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. dropped their price objective 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. TD Cowen boosted their price objective on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. Finally, Piper Sandler boosted their price objective on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $104.09.

Insider Activity

In other news, Director Paola M. Arbour purchased 1,000 shares of Texas Capital Bancshares stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $91.50 per share, for a total transaction of $91,500.00. Following the completion of the transaction, the director directly owned 6,671 shares in the company, valued at approximately $610,396.50. This represents a 17.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Stallings purchased 5,500 shares of Texas Capital Bancshares stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $22.80 per share, for a total transaction of $125,400.00. Following the completion of the transaction, the director owned 175,087 shares of the company’s stock, valued at approximately $3,991,983.60. This represents a 3.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 46,500 shares of company stock worth $1,113,500. 1.91% of the stock is owned by company insiders.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $99.39 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50-day simple moving average is $97.95 and its 200-day simple moving average is $95.95. Texas Capital Bancshares, Inc. has a twelve month low of $70.00 and a twelve month high of $108.92. The firm has a market cap of $4.34 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 1.41 and a beta of 0.68.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The business had revenue of $323.99 million for the quarter, compared to analyst estimates of $318.10 million. During the same period in the previous year, the business earned $0.92 EPS. The firm’s revenue was up 15.5% on a year-over-year basis. As a group, research analysts expect that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current fiscal 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 given 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 10.75%.

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.