Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Bought by UBS Group AG

UBS Group AG lifted its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBIFree Report) by 51.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,714 shares of the bank’s stock after buying an additional 33,022 shares during the period. UBS Group AG owned approximately 0.20% of Texas Capital Bancshares worth $6,315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC lifted its position in Texas Capital Bancshares by 41.9% during the 4th quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after acquiring an additional 476 shares during the period. Keener Financial Planning LLC acquired a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $139,000. Anchor Investment Management LLC acquired a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $152,000. Mackenzie Financial Corp purchased a new position in Texas Capital Bancshares in the 4th quarter valued at $204,000. Finally, Pathstone Family Office LLC acquired a new position in Texas Capital Bancshares in the 3rd quarter valued at $214,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was bought at an average price of $19.70 per share, for a total transaction of $59,100.00. Following the acquisition, the director now directly owns 153,706 shares of the company’s stock, valued at $3,028,008.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert W. Stallings purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average price of $19.70 per share, for a total transaction of $59,100.00. Following the acquisition, the director now directly owns 153,706 shares in the company, valued at $3,028,008.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert W. Stallings acquired 6,000 shares of the stock in a transaction dated Monday, May 20th. The shares were bought 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 disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 15,004 shares of company stock worth $292,878. 0.99% of the stock is currently owned by insiders.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock opened at $58.43 on Friday. The firm’s 50-day moving average is $59.27 and its two-hundred day moving average is $59.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $2.73 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.43 and a beta of 1.15. Texas Capital Bancshares, Inc. has a 12-month low of $48.41 and a 12-month high of $66.18.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TCBI. Mizuho reaffirmed a “hold” rating and issued a $66.00 target price (down previously from $72.00) on shares of Texas Capital Bancshares in a report on Monday, April 1st. Raymond James cut Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, April 4th. Stephens reduced their price target on Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Hovde Group dropped their price objective on Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating on the stock in a report on Friday, April 19th. Finally, Barclays began coverage on Texas Capital Bancshares in a report on Friday, March 8th. They issued an “underweight” rating and a $47.00 target price for the company. Four 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $63.58.

View Our Latest Stock Analysis on TCBI

About Texas Capital Bancshares

(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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