GAMMA Investing LLC Has $96,000 Stake in Texas Capital Bancshares, Inc. $TCBI

GAMMA Investing LLC boosted its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 45.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,211 shares of the bank’s stock after buying an additional 380 shares during the period. GAMMA Investing LLC’s holdings in Texas Capital Bancshares were worth $96,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of Texas Capital Bancshares by 29.7% during the second quarter. UMB Bank n.a. now owns 756 shares of the bank’s stock valued at $60,000 after purchasing an additional 173 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Texas Capital Bancshares by 1.9% during the first quarter. Envestnet Asset Management Inc. now owns 10,838 shares of the bank’s stock valued at $810,000 after purchasing an additional 207 shares during the period. Pallas Capital Advisors LLC raised its holdings in shares of Texas Capital Bancshares by 11.3% during the second quarter. Pallas Capital Advisors LLC now owns 4,255 shares of the bank’s stock valued at $338,000 after purchasing an additional 432 shares during the period. Gabelli Funds LLC raised its holdings in shares of Texas Capital Bancshares by 4.2% during the first quarter. Gabelli Funds LLC now owns 12,450 shares of the bank’s stock valued at $930,000 after purchasing an additional 500 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Texas Capital Bancshares by 0.5% during the first quarter. Principal Financial Group Inc. now owns 106,680 shares of the bank’s stock valued at $7,969,000 after purchasing an additional 549 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Barclays upped their price objective on shares of Texas Capital Bancshares from $78.00 to $82.00 and gave the company an “underweight” rating in a report on Friday, July 18th. TD Cowen upgraded shares of Texas Capital Bancshares to a “hold” rating in a report on Thursday, September 25th. Citigroup upped their target price on shares of Texas Capital Bancshares from $69.00 to $79.00 and gave the stock a “sell” rating in a report on Friday, July 18th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Texas Capital Bancshares from $86.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $84.00.

Texas Capital Bancshares Trading Down 0.8%

Shares of TCBI stock opened at $83.88 on Thursday. The company has a 50 day moving average of $85.00 and a 200-day moving average of $78.23. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. Texas Capital Bancshares, Inc. has a 12-month low of $59.37 and a 12-month high of $94.61. The firm has a market cap of $3.84 billion, a P/E ratio of 33.29, a PEG ratio of 0.69 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, July 17th. The bank reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.35. Texas Capital Bancshares had a net margin of 6.79% and a return on equity of 10.36%. The company had revenue of $307.46 million during the quarter, compared to analyst estimates of $298.90 million. During the same quarter last year, the business posted $0.80 EPS. Sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Texas Capital Bancshares Company Profile

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.