Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Rating) by 4.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 9,860 shares of the bank’s stock after selling 500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Texas Capital Bancshares were worth $565,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TCBI. Exane Derivatives acquired a new stake in shares of Texas Capital Bancshares in the first quarter valued at about $108,000. Profund Advisors LLC grew its stake in shares of Texas Capital Bancshares by 5.2% in the fourth quarter. Profund Advisors LLC now owns 3,934 shares of the bank’s stock valued at $237,000 after buying an additional 196 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Texas Capital Bancshares in the first quarter valued at about $237,000. Verdence Capital Advisors LLC acquired a new stake in Texas Capital Bancshares during the 4th quarter valued at approximately $238,000. Finally, Truist Financial Corp acquired a new stake in Texas Capital Bancshares during the 1st quarter valued at approximately $297,000. Institutional investors and hedge funds own 97.77% of the company’s stock.

Texas Capital Bancshares Trading Up 2.3 %

NASDAQ:TCBI opened at $56.94 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $53.51 and its two-hundred day moving average is $58.20. Texas Capital Bancshares, Inc. has a 52 week low of $48.79 and a 52 week high of $71.60. The company has a market cap of $2.89 billion, a PE ratio of 17.63, a P/E/G ratio of 2.07 and a beta of 1.54.

Texas Capital Bancshares (NASDAQ:TCBIGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.15). Texas Capital Bancshares had a return on equity of 6.48% and a net margin of 18.42%. During the same period in the prior year, the company posted $1.31 earnings per share. On average, analysts predict that Texas Capital Bancshares, Inc. will post 3.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TCBI shares. TheStreet lowered Texas Capital Bancshares from a “b-” rating to a “c+” rating in a research note on Thursday, April 21st. Jefferies Financial Group raised their price objective on Texas Capital Bancshares from $51.00 to $52.00 in a research note on Monday, July 11th. Truist Financial lowered their price objective on Texas Capital Bancshares from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, June 15th. Raymond James upgraded Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating and set a $70.00 price objective for the company in a research note on Thursday, July 7th. Finally, Stephens raised their price objective on Texas Capital Bancshares to $66.00 in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average target price of $64.13.

Insider Buying and Selling

In related news, Director Elysia Holt Ragusa purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The shares were acquired at an average price of $55.91 per share, with a total value of $111,820.00. Following the acquisition, the director now owns 14,164 shares in the company, valued at approximately $791,909.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Texas Capital Bancshares news, Director Elysia Holt Ragusa bought 2,000 shares of the business’s stock in a transaction on Thursday, June 2nd. The shares were purchased at an average price of $55.91 per share, with a total value of $111,820.00. Following the purchase, the director now directly owns 14,164 shares of the company’s stock, valued at $791,909.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry L. Helm bought 5,700 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were acquired at an average cost of $52.25 per share, for a total transaction of $297,825.00. Following the purchase, the director now directly owns 77,858 shares in the company, valued at $4,068,080.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 12,700 shares of company stock valued at $666,145. Insiders own 0.56% of the company’s stock.

Texas Capital Bancshares Company Profile

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Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking, consumer banking, investment banking, and wealth management services.

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Want to see what other hedge funds are holding TCBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Rating).

Institutional Ownership by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

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