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

Legal & General Group Plc decreased its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,605 shares of the bank’s stock after selling 5,160 shares during the period. Legal & General Group Plc owned about 0.15% of Texas Capital Bancshares worth $6,211,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TCBI. Hantz Financial Services Inc. increased its holdings in Texas Capital Bancshares by 333.3% in the fourth quarter. Hantz Financial Services Inc. now owns 988 shares of the bank’s stock worth $89,000 after buying an additional 760 shares during the last quarter. William Blair Investment Management LLC increased its holdings in Texas Capital Bancshares by 17.2% in the fourth quarter. William Blair Investment Management LLC now owns 468,000 shares of the bank’s stock worth $42,373,000 after buying an additional 68,539 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Texas Capital Bancshares in the fourth quarter worth approximately $824,000. MQS Management LLC acquired a new position in Texas Capital Bancshares in the fourth quarter worth approximately $361,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Texas Capital Bancshares by 22.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,315 shares of the bank’s stock worth $119,000 after buying an additional 242 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Insider Transactions at Texas Capital Bancshares

In related news, Director Paola M. Arbour acquired 1,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average cost of $91.50 per share, for a total transaction of $91,500.00. Following the completion of the purchase, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.91% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TCBI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Royal Bank Of Canada increased their price objective 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. Zacks Research cut Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Piper Sandler increased their price objective 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 analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $104.09.

Texas Capital Bancshares Stock Down 0.6%

Shares of TCBI stock opened at $101.69 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a fifty day moving average price of $99.36 and a 200 day moving average price of $96.93. Texas Capital Bancshares, Inc. has a one year low of $73.27 and a one year high of $108.92. The stock has a market cap of $4.44 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 1.44 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share (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 firm had revenue of $323.99 million during the quarter, compared to analyst estimates of $318.10 million. During the same period in the prior year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. Analysts predict that Texas Capital Bancshares, Inc. will post 7.63 earnings per share for the current year.

Texas Capital Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 yield of 0.8%. The ex-dividend date is Monday, June 1st. Texas Capital Bancshares’s dividend 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.