Capital Fund Management S.A. Boosts Position in Texas Capital Bancshares, Inc. $TCBI

Capital Fund Management S.A. grew its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,106 shares of the bank’s stock after buying an additional 2,851 shares during the quarter. Capital Fund Management S.A. owned 0.17% of Texas Capital Bancshares worth $6,281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC grew its stake in Texas Capital Bancshares by 84.8% in the 1st quarter. AQR Capital Management LLC now owns 1,432,771 shares of the bank’s stock valued at $105,395,000 after acquiring an additional 657,630 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Texas Capital Bancshares in the first quarter valued at approximately $25,808,000. Texas Capital Bank Wealth Management Services Inc increased its stake in shares of Texas Capital Bancshares by 2,249.3% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 249,401 shares of the bank’s stock worth $18,630,000 after purchasing an additional 238,785 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Texas Capital Bancshares by 339.3% during the 1st quarter. MetLife Investment Management LLC now owns 234,240 shares of the bank’s stock worth $17,498,000 after purchasing an additional 180,914 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Texas Capital Bancshares by 12.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 657,626 shares of the bank’s stock worth $52,216,000 after purchasing an additional 71,774 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $90.30 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 0.63 and a beta of 0.82. Texas Capital Bancshares, Inc. has a one year low of $59.37 and a one year high of $94.61. The company has a 50 day moving average price of $85.01 and a 200 day moving average price of $82.87.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, October 22nd. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.41. The company had revenue of $340.35 million during the quarter, compared to analysts’ expectations of $327.13 million. Texas Capital Bancshares had a net margin of 15.14% and a return on equity of 9.51%. The business’s quarterly revenue was up 171.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.41) EPS. Sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 5,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was bought at an average cost of $20.68 per share, for a total transaction of $103,400.00. Following the completion of the purchase, the director directly owned 275,913 shares of the company’s stock, valued at $5,705,880.84. The trade was a 1.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TCBI shares. DA Davidson reissued a “neutral” rating and set a $91.00 price target on shares of Texas Capital Bancshares in a research report on Thursday, November 20th. Piper Sandler upped their price objective on Texas Capital Bancshares from $84.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. lifted their price objective on Texas Capital Bancshares from $90.00 to $92.00 and gave the stock an “underweight” rating in a research report on Thursday, October 23rd. TD Cowen raised shares of Texas Capital Bancshares to a “hold” rating in a research note on Thursday, September 25th. Finally, Barclays upped their target price on shares of Texas Capital Bancshares from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Tuesday, November 11th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $88.10.

Texas Capital Bancshares 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.