Fieldview Capital Management LLC Purchases 15,848 Shares of Texas Capital Bancshares, Inc. $TCBI

Fieldview Capital Management LLC raised its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 56.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,084 shares of the bank’s stock after buying an additional 15,848 shares during the period. Fieldview Capital Management LLC’s holdings in Texas Capital Bancshares were worth $3,991,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TCBI. Norges Bank purchased a new stake in Texas Capital Bancshares during the fourth quarter valued at about $51,728,000. AQR Capital Management LLC boosted its position in Texas Capital Bancshares by 25.1% during the third quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock valued at $162,229,000 after buying an additional 384,748 shares during the period. Balyasny Asset Management L.P. boosted its position in Texas Capital Bancshares by 2,707.2% during the third quarter. Balyasny Asset Management L.P. now owns 348,936 shares of the bank’s stock valued at $29,496,000 after buying an additional 336,506 shares during the period. Algert Global LLC boosted its position in Texas Capital Bancshares by 731.5% during the third quarter. Algert Global LLC now owns 294,840 shares of the bank’s stock valued at $24,923,000 after buying an additional 259,380 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in Texas Capital Bancshares during the fourth quarter valued at about $23,174,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TCBI shares. JPMorgan Chase & Co. cut their price target on shares of 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. Citigroup increased their target price on shares of Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a report on Tuesday, April 28th. Royal Bank Of Canada increased their target price on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Piper Sandler increased their target price 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 assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $104.09.

Insider Activity at Texas Capital Bancshares

In related news, insider Anna M. Alvarado sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the completion of the sale, the insider owned 23,810 shares of the company’s stock, valued at $2,403,619.50. This trade represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rob C. Holmes sold 49,500 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the sale, the chief executive officer directly owned 167,635 shares of the company’s stock, valued at $16,968,014.70. This trade represents a 22.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 102,100 shares of company stock valued at $10,366,023 in the last three months. 1.91% of the stock is owned by insiders.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $101.51 on Friday. Texas Capital Bancshares, Inc. has a fifty-two week low of $73.61 and a fifty-two week high of $108.92. The company has a 50 day simple moving average of $100.02 and a two-hundred day simple moving average of $97.49. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 1.44 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $318.10 million. During the same quarter last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts expect that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio (DPR) 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.