Heartland Advisors Inc. Has $31.66 Million Holdings in Texas Capital Bancshares, Inc. $TCBI

Heartland Advisors Inc. reduced its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 14.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 349,712 shares of the bank’s stock after selling 61,191 shares during the quarter. Texas Capital Bancshares accounts for approximately 1.7% of Heartland Advisors Inc.’s investment portfolio, making the stock its largest holding. Heartland Advisors Inc.’s holdings in Texas Capital Bancshares were worth $31,663,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Deutsche Bank AG boosted its stake in shares of Texas Capital Bancshares by 3.5% in the fourth quarter. Deutsche Bank AG now owns 37,540 shares of the bank’s stock valued at $3,399,000 after buying an additional 1,278 shares during the period. Focus Partners Advisor Solutions LLC boosted its stake in shares of Texas Capital Bancshares by 33.5% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 4,332 shares of the bank’s stock valued at $392,000 after buying an additional 1,088 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $864,000. Cerity Partners LLC lifted its stake in Texas Capital Bancshares by 88.6% during the fourth quarter. Cerity Partners LLC now owns 75,119 shares of the bank’s stock worth $6,801,000 after purchasing an additional 35,299 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in Texas Capital Bancshares during the fourth quarter worth $208,000. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Stock Down 0.8%

Shares of NASDAQ:TCBI opened at $100.19 on Thursday. The company has a fifty day moving average of $99.80 and a 200-day moving average of $97.37. The company has a market capitalization of $4.38 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.43 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, Inc. has a 52-week low of $73.61 and a 52-week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data 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. The business had revenue of $323.99 million during the quarter, compared to the consensus estimate of $318.10 million. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.Texas Capital Bancshares’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. On average, equities analysts predict that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, June 1st. Texas Capital Bancshares’s dividend payout ratio is presently 10.75%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TCBI. Piper Sandler upped their target price on Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Zacks Research cut Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Royal Bank Of Canada upped their target price on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. cut their target price on Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Finally, Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Four investment analysts have rated the stock with a Buy rating, six have issued 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 a consensus target price of $104.09.

Insiders Place Their Bets

In related news, insider Anna M. Alvarado sold 3,500 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $100.95, for a total value of $353,325.00. Following the completion of the sale, the insider directly owned 23,810 shares in the company, valued at $2,403,619.50. This represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rob C. Holmes sold 49,500 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $101.22, for a total value of $5,010,390.00. Following the completion of the sale, the chief executive officer owned 167,635 shares of the company’s stock, valued at $16,968,014.70. The trade was a 22.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 102,100 shares of company stock valued at $10,366,023 over the last 90 days. 1.91% of the stock is currently owned by company insiders.

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.