Texas Capital Bancshares, Inc. $TCBI Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP increased its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 558.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 55,035 shares of the bank’s stock after purchasing an additional 46,673 shares during the period. Quantbot Technologies LP’s holdings in Texas Capital Bancshares were worth $4,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in TCBI. Intech Investment Management LLC raised its position in shares of Texas Capital Bancshares by 355.1% during the 3rd quarter. Intech Investment Management LLC now owns 137,587 shares of the bank’s stock worth $11,630,000 after purchasing an additional 107,356 shares during the period. EverSource Wealth Advisors LLC boosted its position in Texas Capital Bancshares by 43.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,073 shares of the bank’s stock valued at $91,000 after purchasing an additional 327 shares during the period. Jupiter Asset Management Ltd. boosted its position in Texas Capital Bancshares by 148.8% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 379,331 shares of the bank’s stock valued at $32,065,000 after purchasing an additional 226,872 shares during the period. Heartland Advisors Inc. grew its stake in Texas Capital Bancshares by 1.4% during the 3rd quarter. Heartland Advisors Inc. now owns 410,903 shares of the bank’s stock worth $34,734,000 after buying an additional 5,734 shares during the last quarter. Finally, Rothschild Investment LLC increased its position in Texas Capital Bancshares by 1,135.7% in the third quarter. Rothschild Investment LLC now owns 1,421 shares of the bank’s stock worth $120,000 after buying an additional 1,306 shares during the period. Institutional investors own 96.88% of the company’s stock.

Insiders Place Their Bets

In other news, Director Laura L. Whitley bought 500 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were purchased at an average cost of $97.51 per share, with a total value of $48,755.00. Following the completion of the acquisition, the director directly owned 7,961 shares in the company, valued at approximately $776,277.11. The trade was a 6.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Stallings purchased 20,000 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was acquired at an average cost of $22.14 per share, with a total value of $442,800.00. Following the completion of the acquisition, the director directly owned 335,913 shares in the company, valued at $7,437,113.82. The trade was a 6.33% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 23,000 shares of company stock worth $582,155 in the last three months. Company insiders own 1.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TCBI shares. Citigroup boosted their price target on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a report on Monday, January 26th. Barclays boosted their target price on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 23rd. Stephens raised their price target on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Hovde Group boosted their price objective on Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $101.17.

Texas Capital Bancshares Trading Down 6.1%

Texas Capital Bancshares stock opened at $95.30 on Monday. Texas Capital Bancshares, Inc. has a 12-month low of $59.37 and a 12-month high of $108.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $4.21 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66. The firm has a 50 day simple moving average of $98.66 and a 200-day simple moving average of $90.95.

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 firm had revenue of $327.48 million for the quarter, compared to analysts’ expectations of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same quarter in the previous year, the company earned $1.43 earnings per share. As a group, equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

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.