Elizabeth Park Capital Advisors Ltd. Has $2.43 Million Position in Texas Capital Bancshares, Inc. $TCBI

Elizabeth Park Capital Advisors Ltd. boosted its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 62.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,717 shares of the bank’s stock after acquiring an additional 11,000 shares during the period. Texas Capital Bancshares accounts for about 2.0% of Elizabeth Park Capital Advisors Ltd.’s portfolio, making the stock its 26th biggest position. Elizabeth Park Capital Advisors Ltd.’s holdings in Texas Capital Bancshares were worth $2,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Texas Capital Bancshares during the 2nd quarter valued at $45,364,000. Azora Capital LP increased its position in shares of Texas Capital Bancshares by 141.3% in the second quarter. Azora Capital LP now owns 930,014 shares of the bank’s stock worth $73,843,000 after purchasing an additional 544,590 shares during the period. Jupiter Asset Management Ltd. raised its stake in Texas Capital Bancshares by 148.8% in the third 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 in the last quarter. UBS Group AG lifted its position in Texas Capital Bancshares by 56.8% during the third quarter. UBS Group AG now owns 403,692 shares of the bank’s stock worth $34,124,000 after purchasing an additional 146,181 shares during the period. Finally, SG Americas Securities LLC lifted its position in Texas Capital Bancshares by 2,461.3% during the third quarter. SG Americas Securities LLC now owns 132,934 shares of the bank’s stock worth $11,237,000 after purchasing an additional 127,744 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TCBI has been the topic of several recent analyst reports. Barclays raised their target price on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 23rd. TD Cowen increased their price target on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Piper Sandler lifted their price objective on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Citigroup boosted their price objective on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a research report on Monday, January 26th. Finally, DA Davidson upped their target price on Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Texas Capital Bancshares currently has an average rating of “Hold” and an average target price of $101.17.

Texas Capital Bancshares Stock Up 0.2%

TCBI stock opened at $92.52 on Friday. The firm has a 50-day moving average price of $98.85 and a 200-day moving average price of $91.47. Texas Capital Bancshares, Inc. has a 12 month low of $59.37 and a 12 month high of $108.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $4.09 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.30. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. The business had revenue of $327.48 million during the quarter, compared to analysts’ expectations of $324.09 million. During the same period in the prior year, the company earned $1.43 EPS. As a group, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 5,500 shares of the company’s stock in a transaction on Friday, March 6th. The stock was purchased at an average cost 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 $3,991,983.60. This trade represents a 3.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paola M. Arbour purchased 1,000 shares of the business’s stock in a transaction dated 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 purchase, the director directly owned 6,671 shares of the company’s stock, valued at approximately $610,396.50. This represents a 17.63% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 49,500 shares of company stock valued at $1,252,855 in the last 90 days. 1.72% of the stock is owned by corporate insiders.

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.