Fidelis Capital Partners LLC Takes Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Fidelis Capital Partners LLC bought a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBIFree Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 877 shares of the bank’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC boosted its stake in shares of Texas Capital Bancshares by 426.6% during the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after buying an additional 546 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Texas Capital Bancshares during the 1st quarter valued at approximately $50,000. Headlands Technologies LLC boosted its stake in shares of Texas Capital Bancshares by 41.9% during 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 last quarter. Keener Financial Planning LLC bought a new position in Texas Capital Bancshares during the fourth quarter worth $139,000. Finally, Anchor Investment Management LLC bought a new position in Texas Capital Bancshares during the fourth quarter worth $152,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $59.57 on Tuesday. Texas Capital Bancshares, Inc. has a 1-year low of $52.36 and a 1-year high of $66.18. 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 business’s fifty day moving average price is $59.58 and its two-hundred day moving average price is $60.06. The firm has a market capitalization of $2.78 billion, a PE ratio of 18.05, a P/E/G ratio of 1.47 and a beta of 1.15.

Texas Capital Bancshares (NASDAQ:TCBIGet Free Report) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The company had revenue of $256.33 million for the quarter, compared to analyst estimates of $253.27 million. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%. On average, research analysts expect that Texas Capital Bancshares, Inc. will post 3.5 EPS for the current year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were bought at an average cost of $19.70 per share, with a total value of $59,100.00. Following the completion of the acquisition, the director now owns 153,706 shares of the company’s stock, valued at $3,028,008.20. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, Director Robert W. Stallings bought 3,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average cost of $19.70 per share, with a total value of $59,100.00. Following the completion of the acquisition, the director now directly owns 153,706 shares in the company, valued at $3,028,008.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Stallings bought 6,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average cost of $19.52 per share, for a total transaction of $117,120.00. Following the completion of the acquisition, the director now owns 163,706 shares of the company’s stock, valued at $3,195,541.12. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 15,004 shares of company stock valued at $292,878. Company insiders own 1.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TCBI shares. Citigroup reduced their price objective on Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Raymond James cut Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 4th. Truist Financial raised their price objective on Texas Capital Bancshares from $61.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday. JPMorgan Chase & Co. reduced 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. Finally, Royal Bank of Canada reduced their price objective on Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 9th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $63.65.

View Our Latest Analysis on Texas Capital Bancshares

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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