New York State Common Retirement Fund Trims Holdings in Texas Capital Bancshares, Inc. $TCBI

New York State Common Retirement Fund reduced its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,531 shares of the bank’s stock after selling 6,477 shares during the period. New York State Common Retirement Fund owned 0.33% of Texas Capital Bancshares worth $12,809,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TCBI. Norges Bank purchased a new position in shares of Texas Capital Bancshares during the second quarter valued at approximately $45,364,000. Azora Capital LP raised its stake in Texas Capital Bancshares by 141.3% during the second quarter. Azora Capital LP now owns 930,014 shares of the bank’s stock valued at $73,843,000 after buying an additional 544,590 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Texas Capital Bancshares by 2,461.3% in the third quarter. SG Americas Securities LLC now owns 132,934 shares of the bank’s stock worth $11,237,000 after acquiring an additional 127,744 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Texas Capital Bancshares by 7.1% in the second quarter. AQR Capital Management LLC now owns 1,534,446 shares of the bank’s stock worth $121,636,000 after acquiring an additional 101,675 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Texas Capital Bancshares by 69.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 234,762 shares of the bank’s stock valued at $18,640,000 after acquiring an additional 96,525 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of TCBI opened at $102.48 on Tuesday. The firm has a fifty day simple moving average of $95.11 and a two-hundred day simple moving average of $88.50. The firm has a market cap of $4.68 billion, a PE ratio of 15.07, a P/E/G ratio of 0.49 and a beta of 0.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. Texas Capital Bancshares, Inc. has a 1-year low of $59.37 and a 1-year high of $105.36.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, beating the consensus estimate of $1.78 by $0.30. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. The firm had revenue of $327.48 million during the quarter, compared to analyst estimates of $324.09 million. During the same quarter in the prior year, the firm earned $1.43 EPS. On average, equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TCBI shares. Zacks Research cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Citigroup upped their target price on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a research note on Monday, January 26th. TD Cowen raised their price target on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada increased their target price on Texas Capital Bancshares from $105.00 to $110.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $101.17.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Laura L. Whitley acquired 500 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were purchased at an average price of $97.51 per share, with a total value of $48,755.00. Following the completion of the purchase, the director directly owned 7,961 shares of the company’s stock, valued at $776,277.11. This represents a 6.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Stallings acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were bought at an average price of $20.91 per share, with a total value of $41,820.00. Following the completion of the purchase, the director owned 277,913 shares in the company, valued at $5,811,160.83. This trade represents a 0.72% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 3,000 shares of company stock valued at $139,355 over the last 90 days. 1.72% of the stock is currently owned by company insiders.

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.