Federated Hermes Inc. Purchases 75,061 Shares of Texas Capital Bancshares, Inc. $TCBI

Federated Hermes Inc. boosted its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 153.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,900 shares of the bank’s stock after buying an additional 75,061 shares during the period. Federated Hermes Inc. owned approximately 0.27% of Texas Capital Bancshares worth $10,473,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Texas Capital Bancshares by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock valued at $2,062,000 after acquiring an additional 1,206 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Texas Capital Bancshares by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock valued at $41,837,000 after purchasing an additional 20,231 shares in the last quarter. United Services Automobile Association bought a new position in Texas Capital Bancshares during the first quarter valued at $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Texas Capital Bancshares by 29.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,761 shares of the bank’s stock worth $8,050,000 after buying an additional 24,538 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Texas Capital Bancshares in the 2nd quarter worth $52,000. Institutional investors own 96.88% of the company’s stock.

Insider Activity

In related news, Director Robert W. Stallings acquired 2,000 shares of the stock in a transaction on Friday, January 23rd. The stock was bought at an average cost of $20.91 per share, with a total value of $41,820.00. Following the transaction, the director directly owned 277,913 shares in the company, valued at approximately $5,811,160.83. This represents a 0.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Laura L. Whitley bought 500 shares of Texas Capital Bancshares stock in a transaction dated Monday, January 26th. The shares were bought at an average cost of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the transaction, the director owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. This trade represents a 6.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 3,000 shares of company stock valued at $139,355. 1.72% of the stock is owned by corporate insiders.

Texas Capital Bancshares Price Performance

TCBI opened at $101.17 on Monday. The business has a fifty day moving average of $94.83 and a 200 day moving average of $88.41. The stock has a market cap of $4.62 billion, a P/E ratio of 14.88, a PEG ratio of 0.49 and a beta of 0.68. 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 52-week low of $59.37 and a 52-week high of $105.36.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.30. The business had revenue of $327.48 million during the quarter, compared to the consensus estimate of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same period last year, the company earned $1.43 earnings per share. As a group, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. DA Davidson increased their price target on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. raised their price objective on Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a research note on Tuesday, December 16th. Piper Sandler lifted their target price on Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. TD Cowen increased their price target on Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a report on Monday, January 26th. Finally, Stephens raised their price target on Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $101.17.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.