Y Intercept Hong Kong Ltd Invests $787,000 in Texas Capital Bancshares, Inc. $TCBI

Y Intercept Hong Kong Ltd purchased a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 9,312 shares of the bank’s stock, valued at approximately $787,000.

A number of other institutional investors have also added to or reduced their stakes in TCBI. Teacher Retirement System of Texas grew its stake in shares of Texas Capital Bancshares by 2.1% during the third quarter. Teacher Retirement System of Texas now owns 7,149 shares of the bank’s stock worth $604,000 after buying an additional 144 shares during the last quarter. Quadrant Private Wealth Management LLC raised its position in Texas Capital Bancshares by 1.3% in the third quarter. Quadrant Private Wealth Management LLC now owns 20,565 shares of the bank’s stock valued at $1,738,000 after purchasing an additional 273 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Texas Capital Bancshares during the third quarter valued at about $884,000. NorthCrest Asset Manangement LLC acquired a new stake in shares of Texas Capital Bancshares during the third quarter valued at about $226,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Texas Capital Bancshares by 28.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,121 shares of the bank’s stock worth $963,000 after purchasing an additional 2,439 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Trading Up 1.3%

Shares of Texas Capital Bancshares stock opened at $102.48 on Tuesday. The stock has a market capitalization of $4.68 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.49 and a beta of 0.67. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $105.36. The stock has a 50 day moving average price of $95.11 and a two-hundred day moving average price of $88.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.30. The company had revenue of $327.48 million for the quarter, compared to analysts’ expectations 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 business earned $1.43 EPS. As a group, equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods boosted their price objective on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Barclays raised their target price on Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 23rd. Citigroup upped their price target on Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada raised their price objective on Texas Capital Bancshares from $105.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Four investment 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $101.17.

Insider Buying and Selling

In related news, Director Robert W. Stallings acquired 2,000 shares of the stock in a transaction dated Friday, January 23rd. The stock was purchased at an average cost of $20.91 per share, with a total value of $41,820.00. Following the completion of the purchase, the director directly owned 277,913 shares in the company, valued at $5,811,160.83. This trade represents a 0.72% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura L. Whitley purchased 500 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was bought at an average cost of $97.51 per share, with a total value of $48,755.00. Following the completion of the transaction, the director directly owned 7,961 shares in the company, valued at $776,277.11. The trade was a 6.70% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 3,000 shares of company stock valued at $139,355 over the last three months. Corporate insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Profile

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.