Rafferty Asset Management LLC Increases Stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Rafferty Asset Management LLC raised its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBIFree Report) by 144.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,140 shares of the bank’s stock after buying an additional 72,782 shares during the period. Rafferty Asset Management LLC owned approximately 0.26% of Texas Capital Bancshares worth $7,959,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC boosted its stake in shares of Texas Capital Bancshares by 41.9% in the 4th quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock valued at $104,000 after buying an additional 476 shares during the period. Keener Financial Planning LLC acquired a new position in Texas Capital Bancshares during the 4th quarter worth approximately $139,000. Anchor Investment Management LLC acquired a new position in Texas Capital Bancshares during the 4th quarter worth approximately $152,000. TFO Wealth Partners LLC raised its holdings in shares of Texas Capital Bancshares by 123,750.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,477 shares of the bank’s stock valued at $160,000 after purchasing an additional 2,475 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth $204,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Stephens cut their price target on Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Jefferies Financial Group dropped their price target on Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Mizuho reiterated a “hold” rating and issued a $66.00 target price (down from $72.00) on shares of Texas Capital Bancshares in a research note on Monday, April 1st. Royal Bank of Canada decreased their price target on Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating for the company in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods dropped their price target on Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus price target of $63.58.

Read Our Latest Report on TCBI

Texas Capital Bancshares Stock Up 0.7 %

Shares of Texas Capital Bancshares stock opened at $58.34 on Thursday. Texas Capital Bancshares, Inc. has a twelve month low of $48.41 and a twelve month high of $66.18. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.43 and a beta of 1.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The business’s 50 day simple moving average is $59.34 and its 200-day simple moving average is $59.85.

Texas Capital Bancshares (NASDAQ:TCBIGet Free Report) last issued its earnings results on Thursday, April 18th. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%. The firm had revenue of $256.33 million for the quarter, compared to analyst estimates of $253.27 million. Equities research analysts forecast that Texas Capital Bancshares, Inc. will post 3.53 earnings per share for the current year.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was bought at an average price of $19.50 per share, with a total value of $58,500.00. Following the completion of the purchase, the director now owns 156,706 shares in the company, valued at approximately $3,055,767. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Texas Capital Bancshares news, Director Robert W. Stallings bought 6,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average cost of $19.52 per share, with a total value of $117,120.00. Following the completion of the purchase, the director now directly owns 163,706 shares in the company, valued at $3,195,541.12. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert W. Stallings bought 3,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of $19.50 per share, with a total value of $58,500.00. Following the completion of the acquisition, the director now directly owns 156,706 shares of the company’s stock, valued at approximately $3,055,767. The disclosure for this purchase can be found here. Insiders have bought a total of 15,004 shares of company stock worth $292,878 in the last ninety days. 0.99% of the stock is owned by insiders.

Texas Capital Bancshares Company Profile

(Free Report)

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.

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

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