GSA Capital Partners LLP Sells 14,540 Shares of Texas Capital Bancshares, Inc. $TCBI

GSA Capital Partners LLP lowered its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 66.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,328 shares of the bank’s stock after selling 14,540 shares during the period. GSA Capital Partners LLP’s holdings in Texas Capital Bancshares were worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of TCBI. Rothschild Investment LLC grew its stake in shares of Texas Capital Bancshares by 1,135.7% during the third quarter. Rothschild Investment LLC now owns 1,421 shares of the bank’s stock valued at $120,000 after buying an additional 1,306 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Texas Capital Bancshares in the 3rd quarter valued at $1,203,000. JPMorgan Chase & Co. increased its stake in Texas Capital Bancshares by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 263,975 shares of the bank’s stock worth $22,314,000 after purchasing an additional 14,240 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Texas Capital Bancshares by 4.0% during the third quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock worth $310,000 after purchasing an additional 142 shares during the last quarter. Finally, Cibc World Market Inc. bought a new stake in shares of Texas Capital Bancshares during the third quarter worth $2,677,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TCBI shares. Royal Bank Of Canada upped their price target on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the stock a “sector perform” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Texas Capital Bancshares from $92.00 to $105.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 16th. Stephens lifted their price target on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Zacks Research upgraded Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, DA Davidson raised their price objective on Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $101.17.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $105.02 on Monday. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.51 and a beta of 0.68. Texas Capital Bancshares, Inc. has a 52-week low of $59.37 and a 52-week high of $108.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $98.24 and its 200 day moving average is $90.35.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.30. The business had revenue of $327.48 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $1.43 earnings per share. On average, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Insider Activity

In other news, Director Robert W. Stallings bought 2,000 shares of the business’s 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 acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Laura L. Whitley bought 500 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was 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 owned 7,961 shares in the company, valued at approximately $776,277.11. This trade represents a 6.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 3,000 shares of company stock worth $139,355. 1.72% of the stock is owned by corporate insiders.

Texas Capital Bancshares Company 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.