Banc Funds Co. LLC Has $11.26 Million Stock Holdings in Texas Capital Bancshares, Inc. $TCBI

Banc Funds Co. LLC trimmed its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 10.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 133,205 shares of the bank’s stock after selling 16,000 shares during the quarter. Texas Capital Bancshares makes up about 2.0% of Banc Funds Co. LLC’s portfolio, making the stock its 11th biggest position. Banc Funds Co. LLC’s holdings in Texas Capital Bancshares were worth $11,260,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TCBI. GAMMA Investing LLC raised its holdings in Texas Capital Bancshares by 10.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $113,000 after buying an additional 121 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Texas Capital Bancshares by 4.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,902 shares of the bank’s stock valued at $245,000 after buying an additional 126 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Texas Capital Bancshares by 0.9% in the third quarter. Arizona State Retirement System now owns 13,575 shares of the bank’s stock worth $1,147,000 after buying an additional 126 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Texas Capital Bancshares by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock worth $310,000 after buying an additional 142 shares during the period. Finally, Teacher Retirement System of Texas increased its position in shares of Texas Capital Bancshares by 2.1% in the third quarter. Teacher Retirement System of Texas now owns 7,149 shares of the bank’s stock worth $604,000 after acquiring an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on TCBI shares. Royal Bank Of Canada upped their price target on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company a “sector perform” rating in a research report on Friday, January 23rd. Piper Sandler lifted their price objective on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Stephens boosted their target price 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. Barclays increased their target price on Texas Capital Bancshares from $90.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 23rd. Finally, Hovde Group raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $101.17.

Texas Capital Bancshares Price Performance

NASDAQ TCBI opened at $92.52 on Friday. 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 firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66. The company has a 50 day simple moving average of $98.85 and a 200-day simple moving average of $91.51. Texas Capital Bancshares, Inc. has a 52-week low of $59.37 and a 52-week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $327.48 million for the quarter, compared to analyst estimates of $324.09 million. During the same quarter in the prior year, the business earned $1.43 EPS. Equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Paola M. Arbour acquired 1,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average price of $91.50 per share, with a total value of $91,500.00. Following the completion of the transaction, the director owned 6,671 shares in the company, valued at approximately $610,396.50. This trade represents a 17.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Laura L. Whitley bought 500 shares of the stock in a transaction on Monday, January 26th. The stock was purchased at an average price of $97.51 per share, for a total transaction of $48,755.00. Following the purchase, the director directly owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. This represents a 6.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 49,500 shares of company stock worth $1,252,855 in the last ninety days. Corporate insiders own 1.72% of the company’s stock.

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.