3,156 Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the fourth quarter, Holdings Channel reports. The fund purchased 3,156 shares of the bank’s stock, valued at approximately $204,000.

A number of other large investors have also recently bought and sold shares of the business. Strs Ohio increased its stake in shares of Texas Capital Bancshares by 133.3% in the 3rd quarter. Strs Ohio now owns 2,100 shares of the bank’s stock valued at $123,000 after acquiring an additional 1,200 shares in the last quarter. Keener Financial Planning LLC bought a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $139,000. Anchor Investment Management LLC bought a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $152,000. Allspring Global Investments Holdings LLC raised its stake in shares of Texas Capital Bancshares by 22.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,922 shares of the bank’s stock worth $172,000 after purchasing an additional 535 shares during the last quarter. Finally, Pathstone Family Office LLC bought a new position in shares of Texas Capital Bancshares in the third quarter valued at approximately $214,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $18.81 per share, with a total value of $94,050.00. Following the acquisition, the director now owns 140,706 shares of the company’s stock, valued at approximately $2,646,679.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average price of $18.64 per share, with a total value of $111,840.00. Following the completion of the purchase, the director now owns 146,706 shares of the company’s stock, valued at $2,734,599.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Stallings bought 5,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $18.81 per share, with a total value of $94,050.00. Following the completion of the transaction, the director now owns 140,706 shares of the company’s stock, valued at $2,646,679.86. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 17,000 shares of company stock valued at $403,170. Corporate insiders own 1.53% of the company’s stock.

Texas Capital Bancshares Trading Up 0.4 %

Shares of TCBI opened at $58.07 on Tuesday. Texas Capital Bancshares, Inc. has a twelve month low of $42.79 and a twelve month high of $66.18. The stock has a market cap of $2.71 billion, a PE ratio of 17.60, a P/E/G ratio of 2.07 and a beta of 1.19. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30. The business’s 50-day moving average price is $58.91 and its 200-day moving average price is $59.05.

Wall Street Analyst Weigh In

TCBI has been the subject of a number of analyst reports. Jefferies Financial Group lowered their price target on Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Truist Financial decreased their price target on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. JPMorgan Chase & Co. dropped their price objective on Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating on the stock in a research note on Thursday, April 4th. Stephens decreased their target price on Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Finally, Wedbush dropped their price target on Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $63.58.

About Texas Capital Bancshares

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 solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.